FINANCE

Report: Canada’s YM to buy parent company of Mandee

BY Staff Writer

New York — Big M, owner of the Mandee, Annie Sez and Afaze apparel chains, will be sold to YM Inc., Toronto, in a $22.5 million deal expected to be approved by a bankruptcy judge next week, The Record reported.

YM operates more than 600 young women’s specialty stores under a variety of banners, including Stitches, Urban Planet, Bluenotes, Siblings, and Sirens.

The acquisition of the 129 Mandee, Annie Sez, and Afaze stores would give YM, which has started opening stores in the United States, a strong foundation on which to expand on the East Coast, the report noted.

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J.Dy says:
May-13-2013 02:40 pm

My question is what will
My question is what will happen to the people who are employed with this company, will the be absorb by YM INC.? - YOR Health

J.Dy says:
May-13-2013 02:40 pm

My question is what will happen to the people who are employed with this company, will the be absorb by YM INC.? - YOR Health

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OPERATIONS

Former Gap VP named CEO of David’s Bridal

BY Marianne Wilson

Conshohocken, Pa. — David’s Bridal has named Pamela B. Wallack as CEO, effective May 28. She joins David’s Bridal from Gap Inc., where she has held senior positions since 2005.

Wallack was the president of Gap Adult, Body and Accessories from 2010 to 2011 and the president of Gap Kids and Baby from 2005 to 2010. In 2011, she was tapped to establish and lead the Gap Global Creative Center, responsible for global design, marketing and production

“Pam, whom I know from my days at the Gap and before that at Disney, brings extraordinary strategic, branding and merchandizing capabilities that will complement our talented leadership team as we work to increase our sophistication and effectiveness in serving our customers at a critical juncture in their lives,” said Paul S. Pressler, former Gap CEO and now chairman of David’s Bridal, and Clayton, Dubilier & Rice Partner.(A fund-managed by Clayton, Dubilier & Rice, a private investment firm, acquired David’s Bridal in October 2012.)

Prior to Gap, Wallack spent seven years at Toys “R” Us, Inc. where she was responsible for product development, production and merchandising for the Babies “R” Us/ Toys “R” Us juvenile and apparel line. Wallack has also spent time at other retail brands including Coach, The Disney Store and Laura Ashley.

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News

Sam’s Club preps members for healthy summer

BY CSA STAFF

BENTONVILLE, Ark. — Memorial Day marks the unofficial start of summer and outdoor fun, so Sam’s Club is taking the opportunity to promote healthy skin and weight management with a series of preventative health screenings from 11 a.m. to 3 p.m. Saturday, May 11.

Screenings are free and open to the public at all Sam’s Club locations that have a pharmacy. Tests, which are valued at up to $150, include weight; height; blood pressure; vision; body mass index, which is an indicator of body fat used to screen for weight categories that may lead to health problems; cortisol, the primary stress hormone, which has an effect on many different body systems, is produced by the adrenal or pituitary glands. Cortisol is measure by a blood test that shows how well the glands are working.

Upon completion of the health screenings, participants will receive a certificate to pick up a free sample of Align probiotic supplements at the Sam’s Club Pharmacy.

“As summer arrives, Americans are more focused on getting in shape and spending more time in the sun,” said Jill Turner-Mitchael, SVP, Sam’s Club Health and Wellness. “Sam’s Club is hosting preventive weight maintenance, stress and skin health screenings to help people prevent potential skin damage from the sun and understand the effects that stress and cortisol levels may have on weight and skin maintenance.”

Sam’s Club features pharmacy benefits, plus skin, stress and weight maintenance tips in its May/June 2013 issue of Healthy Living Made Simple magazine, including skin protection counsel for all ages from nationally acclaimed dermatologists.

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