John Lewis has entered the festive season on a high note, with record sales thanks to Black Friday and a successful Christmas campaign.
And now its managing director, Andy Street, has been named Britain’s most admired leader in a new report, which surveyed bosses at the UK’s most successful companies.
Street, who has lead John Lewis for the past seven years, attributed his success to a desire to prove that John Lewis’ business model is “not different but superior”.
“We have anticipated the changes in our customers’ behaviour – their tastes and practices – and we’ve acted and stayed ahead of the curve,” he told Management Today, which compiled the research.
John Lewis Partnership also won the ‘free vote’ at the magazine’s annual Britain’s Most Admired Companies (BMAC) awards.
Unrestricted by sector, the free vote allows respondents to name the company they most admire from across the entire cohort.
John Lewis Partnership took almost 25% of the vote, out of 236 companies.
Meanwhile, clothing and homeware retailer Next was ranked the most admired company in the Retailers (Broadline/Home) sector, beating off rivals including Marks & Spencer and Debenhams.
The Management Today BMAC research is calculated by asking the largest companies in 24 sectors to name their leading ten peers.
The full list of BMAC category winners will be revealed at an awards dinner in London on December 2.