REAL ESTATE

Tommy Bahama to open first NYC store in historic landmark building

BY CSA STAFF

New York City — Real estate firm The Feil Organization announced Friday that Tommy Bahama has signed a groundbreaking lease for the opening of its first Manhattan store at 551 Fifth Avenue at 45th Street.

The Seattle-based chain signed a 12-year lease agreement and will occupy 8,500 sq. ft. on the ground, mezzanine and basement levels of the renowned art deco Fred F. French building that is owned and managed by The Feil Organization.

"We’re going to bring Tommy Bahama to New York City. We’re not going to bring New York City to Tommy Bahama,” said Terry Pillow, CEO of Tommy Bahama. He also said that he expects his new store, which he hopes to open by the end of the year, to draw crowds of New Yorkers and tourists by transplanting the company’s tropics-themed store design to Manhattan.

The space is currently occupied by apparel retailer New York Look. The new Tommy Bahama store joins recent opening of Urban Outfitters at Fifth Avenue and 43rd Street, and the new Guess store opening at 47th Street.

Erected in 1927, The Fred F. French building is listed in the National Register of Historic Places and has been owned by The Feil Organization since 2001.

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OPERATIONS

Men’s Wearhouse names former Victoria’s Secret chief to board

BY CSA STAFF

Houston — The Men’s Wearhouse said Friday it has elected former Victoria’s Secret Stores CEO Grace Nichols to its board of directors.

The appointment is effective Jan. 30.

Nichols will be the ninth member of the company’s board. She worked at Limited Brands for 20 years and was CEO of Victoria’s Secret Stores from 1992 to 2007. Nichols is also on the boards of Pacific Sunwear of California and of New York & Co.

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News

“Fortune” shines on Wegmans once again

BY CSA STAFF

ROCHESTER, N.Y. Fortune on Thursday released its “100 Best Companies to Work For” list, ranking Wegmans Food Markets No. 3 and making the New York-based grocer the highest-ranked retailer. Only the software firm SAS and consulting organization Boston Consulting Group ranked higher. Wegmans has appeared on the Fortune list for 14 consecutive years, every year since the list was first published in 1998.

Wegmans’ employee wellness program is part of what placed the supermarket chain so high on the list. “This customer-friendly supermarket chain cares about the well-being of its workers, too,” Fortune wrote. “This year, 11,000 employees took part in a challenge to eat five cups of fruit and vegetables a day and walk up to 10,000 steps a day for eight weeks. Another 8,000 took advantage of health screenings that included a flu shot and H1N1 vaccine — all covered by Wegmans.”

"There is nothing more important to us than being a great place to work,” stated Wegmans CEO Danny Wegman. “When our people feel valued and cared about, they, in turn, make our customers feel the same.”

Also on the list are Whole Foods Market (No. 24) — which received extra kudos for paying 100% of its employees’ healthcare premiums — Novo Nordisk (No. 47), General Mills (No. 58), Publix Super Markets (No. 67) and S.C. Johnson (No. 70).

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