Sainsbury’s CEO Justin King and the boss of high-flying online fashion house Asos.com, Nick Robertson, were both awarded in the Queen’s birthday honours at the weekend.
King, who took over as CEO at Sainsbury’s from Peter Davis in 2004, has helped the supermarket gain market share and significantly boost profits during the last year – and was credited with a CBE for his services to retail.
The supermarket announced in January that it expects to create 20,000 new retail jobs over the next three years, as part of ambitious expansion plans in both traditional and convenience store formats.
Like-for-like sales during the company’s full year of trading to March 19th 2011 were up 2.3 per cent compared to the previous 12 months, while gross space increased 8.5 per cent during that time.
Measures implemented by King helped push customer transactions up to 21 million per week and profit before tax (PBT) increased 12.8 per cent to £827 million.
Commenting to Retail Gazette, King said: “I am very pleased to have been honoured in this way.
“It is great for Sainsbury’s, reflecting the hard work and commitment of all colleagues in making Sainsbury’s great again.”
Asos’s Robertson has been marked out as a great example of a UK businessman helping build the reputation of British commerce both at home and abroad.
His OBE for services to the fashion industry comes just weeks after the e-tailer announced annual gross PBT of £131.7 million and plans to expand in three new territories in the 12 months ahead.
Having already launched Asos in France, Germany and the US in the last year, Robertson will roll out the brand in Spain, Australia and Italy imminently. China is also an area where the retail boss has said he is planning to establish his business.
James Timpson, CEO of the eponymous shoe maker and key-cutting specialist, was also awarded an OBE in the Queen’s latest honours list.
These retailer acknowledgments come after the founders of Lush Consmetics Mark and Margaret Constantine OBE, and CEO of Ted Baker Raymond Kelvin CBE, were presented with their new titles earlier this year.