She’s the Oprah Winfrey of the retail industry—compassionate, creative and charismatic. Maxine Clark, 58, founder and CEO of Build-A-Bear Workshop, charmed consumers and wowed Wall Street with a concept that set a new template for interactive experiential retailing. She also de?ed the odds, growing her business, which celebrated its 10th anniversary in October and now numbers more than 300 locations, while other, bigger-brand toy stores languished or faded from the scene.
Clark is a feisty, seasoned ex-May Department Stores veteran who doesn’t let one detail get by her. And she doesn’t let any grass grow under her feet. Following her signature bears, Clark brought dolls and dinosaurs to her make-your-own retail world with the launch of two spin-off formats, friends2Bmade and, more recently, Build-A-Dino.
Her success has not gone unnoticed. In fact, it’s been the inspiration for numerous imitators; Clark herself is a majority investor and key driver behind the launch of Ridemakerz, a toy-car customizing experience.
Borders to offer free resolution workshops
ANN ARBOR, Mich. Borders said Thursday that it is offering customers free in store events throughout the month of January to help them kick start their new year’s resolutions and learn how to keep them through the year. Programs include wellness fairs, yoga classes and diet seminars.
Borders reported that local organizations and community groups will be featured in activities and events at its stores across the country ranging from fitness centers and hospitals to singles groups and retirement centers.
Schulze sells 440K shares of company stock
MINNEAPOLIS Best Buy chairman and founder Richard Schulze sold 440,000 shares of Best Buy stock last week valued at $22.4 million. Schulze sold the stock at prices ranging from $50.71 to $51.18 per share. Earlier this month, Schulze sold 2.35 million shares valued at more than $120 million.
While Schulze’s stock sales are considerable, they represent just a fraction of his holdings at Best Buy. He’s estimated to still hold more than 68 million shares of stock amassed during 41 years with the company.