REAL ESTATE

Dunkin’ Donuts signs agreement for 12 locations in Des Moines

BY Staff Writer

Canton, Mass. — Dunkin’ Donuts announced the signing of a multi-unit store development agreement with father and son team, Jim and Drew Cownie for 12 new restaurants in Des Moines, Iowa.

The first restaurant is slated to open in 2012 and the remainder by 2018.

"We are excited to bring Dunkin’ Donuts to Des Moines and play an important role in the daily lives of people who live, work and visit here," said Drew Cownie, President and CEO, Sip, Sip Bite, LLC. "We have a passion and loyalty for the brand and look forward to the opening of our restaurants in the years to come."

The Cownies secured a partnership with Knapp Properties of Des Moines to find their initial locations.

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FINANCE

Syms Corp. stock to be delisted

BY Staff Writer

Secaucus, N.J. — Syms Corp. said that its stock will be delisted as of November 15, 2011 and that Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the company’s securities from listing and registration on the Nasdaq.

This decision by Nasdaq comes following Syms announcement on November 2, 2011 that it and its subsidiaries filed petitions for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

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News

Urban Outfitters restructures leadership

BY CSA STAFF

PHILADELPHIA — Urban Outfitters Monday announced leadership changes at Anthropologie, Terrain and Urban Outfitters.

David McCreight has been appointed CEO Anthropologie Group, effective Nov. 15. In this new role, McCreight will be responsible for Anthropologie North America, Anthropologie Europe and BHLDN.

McCreight most recently served as president of Under Armour from 2008 until 2010 and president of Lands’ End from 2005 to 2008. McCreight also held the position of SVP merchandising at Lands’ End from 2003 to 2005 and SVP and general merchandising manager of Disney Stores from 2001 to 2003. McCreight had been president of Smith and Hawken and began his career with roles within the merchant organizations at Saks, The May Company and The Limited.

Effective immediately, Anthropologie Brand announced new executive appointments for North America. The Brand’s co-president positions have been eliminated. Wendy Wurtzburger, a 13-year veteran of Anthropologie, will continue to serve as chief merchandising and design Officer. Kristin Norris, a 19-year veteran of the company, has been appointed chief creative officer, most recently having served as the managing director of BHLDN. Denise Albright has been appointed COO, having served as executive director of planning and allocation since she joined the company in 2005.

Wendy McDevitt has been appointed president of Terrain. McDevitt began her career with the company in 1991 and over the years has held a variety of senior operational and creative roles across three of the company’s brands — Anthropologie, Urban Outfitters and Free People – including an overseas assignment for Urban Outfitters, and her most recent role as Global Co-President of Anthropologie.

The company also announced that Charles Kessler joined the Urban Outfitters Brand as chief merchandising officer on Oct. 31 and will oversee the merchandising, design and planning organizations for North America. Kessler most recently served as SVP corporate merchandising for Coach Inc. Prior to joining Coach in 2010, Kessler spent 16 years at Abercrombie & Fitch Co. ascending to the role of EVP womens’ merchandising.

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