REAL ESTATE

Starbucks celebrates new store in Tokyo

BY Marianne Wilson

Tokyo — Starbucks Coffee Company’s CEO Howard Schultz on Friday celebrated the opening of the new Starbucks Meguro store in Tokyo. The store, whose experience was inspired by the traditional Japanese ‘Ichi-go ichi-e’ service spirit (literal translation: one time, one meeting), is located is the same building as the new Starbucks Coffee Japan Support Center.

The design of the Meguro takes its queues from traditional tea houses, as well as modern craftsmanship and translucent elements that allow consistent interactivity between customers and partners. Parts of a green garden and local contemporary art are also featured in the store. These elements provide another point of connection with the local community

Starbucks is on track to open its 1,000th store in Japan this summer. The country was Starbucks first international market outside of North America.

“We will soon exceed 1,000 stores in Japan, an important milestone in our development, and we are confident that there is plenty of opportunity for more innovative growth and development in this dynamic market,” Schultz said.

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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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