Wal-Mart to reopen 12 quake-hit stores in Japan
Bentonville, Ark. — Wal-Mart Stores announced Sunday that it will re-open 12 of its Seiyu stores in Japan, which were affected by the earthquake. A company spokesman added that the retailer is hoping to open the remaining 12 impacted stores as soon as possible.
Wal-Mart has 371 stores and 43 deli outlets in Japan, of which 24 were affected by the March 11 earthquake and tsunami.
Of Wal-Mart’s affected stores, two were severely hit and were completely covered by mud, according to the company.
T.G.I. Friday’s parent to double chain over five years
Minneapolis — Carlson Restaurants, parent of T.G.I. Friday’s, announced at a conference in Dallas last week that it plans to double the number of units globally under a program it is calling Ambition 2015.
"With the strength of our Friday’s brand, our management team and our franchise partners, we are uniquely positioned to dramatically increase the footprint of our business," said Nick Shepherd, president and CEO of Carlson Restaurants.
Shepherd unveiled the company’s strategic plan, Ambition 2015, to a gathering of franchisees, employees and vendor partners that outlined growth over the next five years, doubling the footprint of the T.G.I. Friday’s brand around the world.
The company said that, for 2010, Friday’s outpaced the casual dining market in the United States by 1.6% as measured by Knapp Track. It currently operates more than 350 restaurants in 60 countries outside of the United States.
Tcherassi brings Latin flavor to Payless collaboration
TOPEKA, Kan. and MIAMI— Payless ShoeSource announced that it is now partnering with internationally acclaimed Colombian fashion designer, Silvia Tcherassi, to create the latest Payless designer label, Silvia Tcherassi for Payless, with an initial collection available in May.
Under the two-year collaboration, Tcherassi will design two, semi-annual collections including shoes and handbags for the spring and fall seasons. The exclusive designs by Tcherassi, to be priced from $40 to $70 an item, will reflect a strong international and Latin influence, the company reported.
The collection will be available in select cities in the United States and Puerto Rico, as well as through a limited offering on Payless.com.The new line will also be available in stores across Latin America including Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Trinidad and Tobago.
"I am thrilled to be working with Payless on my first-ever shoe label. This is a great opportunity to create shoes and handbags to complement my existing fashion collections and for the spring/summer season this includes many important silhouettes like wedges, flats, strappy heels and thongs sandals with key trend details like bright color-blocking, unique mesh uppers and satin ribbon details and ties," commented Tcherassi. "It was inspiring to work with the Payless footwear design team in NYC — together we created a sophisticated, contemporary collection that features the latest trends and high-end style, but at an affordable price starting at $40 a pair."