July 31, 2010 |
The gig: As founder and chief executive of Forever 21 Inc., Do Won "Don" Chang oversees one of the world's fastest-growing fashion retailers, with 457 stores in 15 countries. From his office near downtown Los Angeles, he oversees an army of more than 20,000 employees ringing up sales of the season's trendiest designs from Chiba (Japan) to Chico (Calif.). Chock full o'clothes: Growing up in South Korea, Chang worked in coffee shops. So when he emigrated to California in 1981 at age 18, he figured hot joe would be his ticket to the American dream.
January 4, 1991 |
Tucked away in the basement-level shopping arcade of the Beverly Hills Hotel is Amir, a tiny men's store whose motto is "understated elegance." Maybe, but don't confuse understated with underpriced. At this store, owned by a single-named, 35-year-old, Iranian-born former fashion model, private-label tuxedos start at $2,600, leather jackets at $4,500. And a vicuna sports jacket sells for $40,000--a price tag sure to make some customers reconsider before reaching for their Platinum Card.
March 3, 1992 |
The first sex shop in Russian history opened to the public on Monday--only, please, its management insisted, don't call it a sex shop. "We call it 'an intimacy salon,' " director Alla Burashnikova said as she sat primly in a corner watching deeply interested Russians examine glow-in-the-dark condoms, an inflatable woman and six sets of shelves holding probably the broadest array of sexual devices ever gathered in one public place on Russian soil. "We propagandize health," Burashnikova said.
February 23, 2014 |
The gig: Amit Kleinberger, 33, has been the chief executive of Menchie's Frozen Yogurt since 2008. From his company's headquarters in Encino, he oversees what has become the world's largest self-serve frozen yogurt franchise, with more than 370 stores. The stores serve sweet and tart flavors of yogurt, with a choice of candy, fruit and nut toppings. There are about 50 Menchie's locations in California. An early start: As a kid, Kleinberger saw the 1987 movie "The Secret of My Success," which stars a young college grad - played by Michael J. Fox - navigating the corporate world in New York City.
January 14, 2011 |
Teen clothing chain Anchor Blue Inc. has filed for bankruptcy again and will close all 117 stores, most of them in California. The Corona chain began holding a going-out-of-business sale late last week, with markdowns of 40% to 60%, according to firms that have been hired to run the liquidation. The sale will continue until all merchandise is sold. Founded four decades ago as Miller's Outpost, the chain specialized in selling jeans, casual wear and accessories. By 1989 the popular family-oriented apparel chain had expanded to more than 300 stores in California, Arizona, Nevada, New Mexico and other states.
June 27, 2010 |
Reporting from Tokyo The Japanese are legendary shoppers, paying top prices from Honolulu to Helsinki for gifts and adornments. In Tokyo, a walk through the department stores and Pritzker Prize-winner-designed boutiques in the Ginza and Omote-Sando districts is enough to make one wonder, "What Japanese recession?" Look closer, however, and you'll discover another breed of shop where consumers, from Japan and increasingly from overseas, hunt for everyday treasures. Maybe because of the recession, or maybe because even Japanese consumers know a good deal when they see one, 100-yen shops — Japan's equivalent of the dollar store — are booming.