Yake & Associates, Inc., exists as a resource for independent research into matters of business abuse in the retail industry. We have more than 30 years experience in all levels of management in that industry.

 

 

 

 

 

 

 

 

BIOGRAPHY OF THOMAS W. YAKE
 

Tom Yake is currently the managing partner of Yake & Associates, Inc., a discrete incident management firm that specializes in the area of loss control and asset protection in the retail industry.


Mr. Yake has over 30 years in the retail industry. He has experience in all levels of retail management, starting his career as a clerk and leaving the industry as a vice president of loss prevention for a retailer doing more than 3 billion dollars in annual revenue.


Mr. Yake founded the firm in 1988 and operates offices in Kennebunk, Maine and Indianapolis, Indiana. The practice was launched initially as an executive search firm, finding suitable candidates to solve the complex business issues facing troubled and/or expanding retail companies. As the result of Mr. Yake's advocacy work for shareholder protection issues, specifically relating to the need for an industry standard for measuring shrinkage in the retail business, the firm has evolved today with its largest client focus being institutional investors, law firms, and the United States Government/Internal Revenue Service.


For nearly four years Mr. Yake served as a consultant to the Internal Revenue Service, and is considered an "expert" on the topic of shrinkage in the retail industry by the United States Tax Court. In that capacity, Mr. Yake has done extensive research on the topic of shrinkage in the retail industry dating back to the turn of the century. As the result of that research, Mr. Yake has identified the lack of an industry standard for shrinkage as a primary cause for retail business failures.


Mr. Yake has consulted to many major retail reorganizations / Chapter 11, including Ames/Zayre, Revco D.S., Best Products, Caldor and Stuarts Department Stores. Significant engagements involving shareholder derivative actions against Caldor, Leslie Fay and Woolworth were successfully resovled. Engagements with the Internal Revenue Service regarding shrinkage as a tax deductible expense include: Dayton Hudson Corp. & Subsidiaries: Target, Mervyns, and Daytons Department Stores, Docket No. 21217-91, and Wal-Mart Stores Inc., & Subsidiaries, Docket No. 27022-93.

 

Yake & Associates, Inc., exists as a resource for independent research into matters of business abuse in the retail industry. We have more than 30 years experience in all levels of management in that industry. During the past decade, we have served as consultants in nearly every significant retail reorganization, played a major role in shareholder derivative actions, and provided expert testimony and analysis regarding the issue of "shrinkage" for several Internal Revenue Service cases and written opinions to the United States Tax Court.


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Yake & Associates, Inc.    •     Email    •     207-985-6320    •     P.O. Box 42, Kennebunk, Maine 04043