Headlines

Here Are the 10 Highest-Paid Fashion Executives from 2020

Including stock and option awards, all made at least $12 million.

Published

3 years ago

July 6, 2021

VMSD Staff

Here Are the 10 Highest-Paid Fashion Executives from 2020 — Ernie Herrman, CEO of T.J. Maxx's parent company, took a pay cut of nearly 25 percent but still raked in more than $14 million.

Ernie Herrman, CEO of T.J. Maxx’s parent company, took a pay cut of nearly 25 percent but still raked in more than $14 million.

As CEOs of America’s largest fashion concerns looked for ways to steer their companies through the pandemic, several took pay cuts to help offset the loss of sales revenue.

Still, the 10 highest-paid fashion executives all eclipsed $12 million in total compensation – factoring in annual salary, stock and option awards, and incentive pay – during 2020.

WWD combed through SEC filings to compile a list of the fashion segment’s top earners. Here are the top 10, with total 2020 compensation and percent up or down from the previous year listed in parentheses:

Doug McMillon, CEO, Walmart ($22.6 million, up 2.1 percent)
Sonia Syngal, CEO, Gap Inc. ($21.9 million, up 360 percent)
Brian Cornell, CEO, Target ($19.8 million, up 4.3 percent)
Andrew Meslow, CEO, L Brands Inc. ($18.5 million)
Ralph Lauren, Executive Chairman, Ralph Lauren Corp. ($17.1 million, up 31.4 percent)
Manny Chirico, former CEO, PVH Corp. ($16.4 million, down 6 percent)
Steve Rendle, CEO, VF Corp. ($15.8 million, down 4.9 percent)
Ernie Herrman, CEO, TJX Cos. Inc. ($14.5 million, down 23.8 percent)
Michelle Gass, CEO, Kohl’s Corp. ($12.9 million)
Patrice Louvet, CEO, Ralph Lauren Corp. ($12.1 million, down 0.9 percent)

For specifics and the full list, read more at WWD.

Related Topics:compensation gap Kohl's L Brands PVH Corp.Ralph Lauren target TJX VH Corp.Walmart

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

click to Comment(Comment)

Up Next

Neiman Marcus Sets Record Straight About Bergdorf

Don't Miss

Gap to Close All U.K., Ireland Stores

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design