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New fashion CEOs more likely to be female with digital and deep retail know-how, according to Nextail report
MADRID , Feb. 3, 2021 /PRNewswire/ -- The modern fashion CEO is , according to research by algorithmic merchandising firm Nextail , which looked at the skill-set of over 100 newly appointed CEOs of leading fashion brands.
The report, published today, provides a snapshot of where the fashion retail sector is heading as it grapples with a number of challenges and also highlights the .
Nextail is a SaaS platform that enables agile merchandising decisions. Its latest report looks at major fashion retail CEO appointments made in 2020, primarily in Europe and the USA .
"Despite the consequences of Covid-19, businesses were planning for the future as much as attempting to deal with immediate issues," says . "The hiring of fashion retailers reflects their strategies for succeeding in the new retail landscape, entrusting leadership who will lead the way towards making fashion retail a better, more sustainable place."
'Fashion's Newest CEOs at the top of 2021' notes that after a flurry of activity in the first quarter of 2020, appointments slowed down until after the first lockdowns. However, priorities seemed to remain constant: , 63.7% of hires had ; while setting forward-looking priorities, such as and .
The rise of female fashion CEOs is notable. In comparison with predecessors, , including: Helena Helmersson at H&M and Sonia Syngal at Gap.
Read the full report here .
Nextail collected publicly available information on fashion CEOs announced in 2020 and their predecessors. Primary source material included press releases from fashion companies, LinkedIn, and leading fashion and retail industry publications.
Nextail exists to make the retail world a better, more sustainable place by empowering retailers to offer better a customer experience with fewer resources. To fulfil this vision, Nextail has developed a cloud-based platform that combines AI and prescriptive analytics to deliver agile merchandising decisions. Customers include leading fashion and collection-based retailers such as and .
Rebecca Moy , Content Marketer
Rebecca@nextail.co