Retail Execution

Canton, Mass. - Dunkin' Donuts is recruiting franchisees to develop an estimated 10 new Dunkin' Donuts restaurants throughout Birmingham, Alabama, and the surrounding areas. In addition, a number of existing operating restaurants may be available for purchase.

Currently there are 21 Dunkin' Donuts restaurants operating in Alabama.

Coach's efforts to regain its upscale brand identity received a boost this month with the addition of a veteran luxury goods retailer to its board of directors.

“We are extremely pleased that Andrea Guerra has agreed to join our board,” said Victor Luis, CEO at Coach Inc. “As Coach continues its transformation into a modern luxury lifestyle brand, Andrea's extensive exposure to a wide variety of best-in-class brands and his broad retail and international experience will prove valuable to our team."

Sally Beauty Holdings reported decreased profits for the first quarter, but the company’s just-named CEO says new marketing programs will be paying off soon.   Sally Beauty reported a profit of $54.9 million, or 35 cents a share, in its first fiscal quarter ended Dec. 31, compared with a profit of $58 million, or 35 cents a share last year. Analysts surveyed by Thomson Reuters forecast a profit of 38 cents a share and sales increase of 3.7 percent to $975.1 million.  

Owasso, Okla. -- GBT Realty Corporation announced that it has locked in a third Academy Sports & Outdoor location for the Tulsa area, in the suburb of Owasso, Oklahoma. GBT acquired the 5.8-acre site on Dec. 30 for $2 million. Construction is underway on the $10-million development.   

Tarrytown, N.Y. -- DLC Management Corporation announced the promotions of Adam Greenberg and Heather Moon from associate directors of leasing to directors of leasing for their respective regions.
 
According to DLC, both Greenberg and Moon have demonstrated strong deal-making skills through the number of deals they have completed in any given year, problem-solving for key spaces/vacancies, and the execution of overall property business plans.

Cupertino, Calif. – Mickey Drexler, chairman and CEO of J. Crew and former CEO and president of Gap Inc., is retiring from the board of directors of Apple Inc. as of March 2015. Apple disclosed the impending retirement in a filing with the Securities and Exchange Commission (SEC).

Drexler has served on the Apple board since 1999 and is currently its longest-tenured member. No replacement has been announced. Drexler was initially recruited to the Apple board to help the company, which opened its first store in 2001, create a retail strategy.

Melville, N.Y. -- A&G Realty Partners has been retained by Delia’s Inc. to manage the sale of the 71 retail store leases following the company’s recent Chapter 11 bankruptcy filing.
 
A&G Realty is currently accepting bids thru February 2, 2015 to acquire the leases, which range from 3,000 sq. ft. to 5,000 sq. ft. in key retail locations at some of the country’s top malls.

North Plainfield, N.J. -- Levin Management announced it has been awarded three new leasing and management assignments totaling more than 1 million sq. ft. in New Jersey and Pennsylvania. The properties include two grocery-anchored shopping centers and a regional mall.