Store Systems

Santa Clara, Calif. -- Most malls have food courts. Westfield Valley Fair Mall in California’s Silicon Valley has begun construction of a multi-million dollar dining terrace that will feature indoor and alfresco seating.

Where in Silicon Valley is the mall? It straddles the border between two noted Silicon Valley cities: Santa Clara and San Jose.

By Niclas Qvist, Pricer

Dallas-Fort Worth, Texas -- Venture Commercial has completed eight retail leases spanning 133,000 sq. ft. for landlords and tenants across North Texas.

“Significant leasing activity across the area in recent months shows that the DFW market is really heating up,” said Bryan Cornelius, a partner with Venture Commercial.

Walmart, Target, Best Buy and other retailers created a cooperative nearly a year ago to develop a mobile payment approach and this week they welcomed another major player to the fold.

Matthews, N.C. -- Family Dollar reported lower net income in the third quarter of 2013 as its shoppers continue to hold off on discretionary spending.  The discounter also named Jason Reiser to the position of senior VP merchandising.

Family Dollar posted net income of $120.9 million, down 3% from $124.5 million in the year-ago period. Its results, however, topped expectations.

Sales rose 9% to $2.57 billion. Same-store sales increased 2.9% as a result of higher customer transaction totals and traffic volumes.

MATTHEWS, N.C. — Former Sam’s Club executive Jason Reiser is heading to Family Dollar to be the company's SVP of merchandising. He replaces John Scanlon, who left the company at the end of March.

Family Dollar announced the key changes to its merchandising organization on the heels of better-than-expected third quarter results for fiscal 2013 ended June 1. 

San Francisco -- Williams-Sonoma has hired David Jimenez, former VP of visual store design and merchandising for Hallmark, as senior VP of visual store and experience. Prior to Hallmark, David worked at national retailers including Gap Inc., Restoration Hardware and Pottery Barn.

Seattle -- Nordstrom plans to open a third Houston-area Nordstrom Rack location. The approximately 38,000-sq.-ft. store is scheduled to open in fall 2014, at Willowbrook Mall is owned and managed by General Growth Properties  

"We've been looking for opportunities to better serve Houston customers as we continue to grow," said Geevy Thomas, president of Nordstrom Rack.