Strategy

Seattle -- Nordstrom remains on the move with its off-price division.

Photo: Central Valley Marketplace, Ceres, California

Dallas -- X Team International announced that partner Venture Commercial Real Estate completed three retail anchor leases for landlords and tenants, totaling 110,000 sq. ft. across Texas.

Walmart signed a ground lease to build a 42,000-sq.-ft. Walmart Neighborhood Market store at the site of a former Brookshire Brothers at 1030 N. University Drive in Nacogdoches.

Hobby Lobby signed a lease to open a 50,200-sq.-ft. store at 2200 S. Loop 256 in Palestine.

Oakbrook, Ill. -- InvenTrust Properties Corp. announced a series of appointments to its senior management team. The new appointments, effective immediately, are as follows:

· James Christensen has been named senior VP of asset management.
 
· Chris Dykstra has been named senior VP of property management.
 
· Nicole Horne has been named VP of transactions.
 

Newport Beach, Calif. -- X Team International announced that partner Strategic Retail Advisors has been selected as a broker for the 81,658 sq. ft. of development surrounding a premium outlet center made up of shops and pads fronting Avenida Vista Hermosa in San Clemente, California.

Photo: Fernando’s owner Fernando Padilla with CityLine location general manager Omar Hernandez.

If you’ve been reading this column over the last four years, let me first say, “thank you!” It’s gratifying to think that my musings about retail and retail real estate have kept your attention and interest. In this, my 100th and final (except for an occasional contribution) Retail Rap, I wanted to tackle the big question: What’s next? Where is the retail industry — particularly brick-and-mortar — headed in the months and years ahead?

Kenosha, Wis. – Some things are traditionally assumed not to mix – oil and water, cats and dogs, finance and IT. While the CFO has been taking a more active role in high-level IT decision-making in recent years, vertical apparel retailer Jockey International Inc. mixes money with technology more than most of its competitors.

The Wall Street Journal reports that privately held Jockey recently hired Dain Bussewitz, former VP of finance at Abercrombie & Fitch, to assume the combined role of CIO and CFO.

Bengalaru, India – Bruce Springsteen fans will be delighted by the new store Nike Inc. is opening in Bengalaru, India. Aimed at customers who are “born to run,” the 7,355-sq.-ft., three-level store, Nike’s largest in India, places a special emphasis on the sport of running.

New York -- Fresh off the opening of its store on the Upper East Side of Manhattan, Apple is opening another location in New York City.

The tech giant will open a store on July 11, in the Queens Center mall, in the borough of Queens, giving it a total of eight locations in the city.  

The Queens store will reflect the diversity of the surrounding community. It will feature some 130 associates fluent in 24 languages apart from English.