REAL ESTATE

Nordstrom Rack to open in Thousand Oaks, Calif.

BY Staff Writer

Seattle — Nordstrom announced plans to further expand its Los Angeles-area presence with the addition of a Nordstrom Rack at Janss Marketplace in Thousand Oaks, Calif.

The approximately 40,000-sq.-ft. store is scheduled to open in fall 2015. The Rack location at Janss Marketplace is a development by Seritage Realty Trust, a division of Sears Holdings Corporation.

Nordstrom has operated a full-line store approximately one mile from the new Rack location at The Oaks since 2008.

"Our new Rack store at Janss Marketplace will be right down the street from our full-line store at The Oaks and can offer an additional way to shop for the brands our customers love at great prices," said Geevy Thomas, president of Nordstrom Rack.

The new, two-story Nordstrom Rack will occupy a portion of the existing Sears location at Janss Marketplace with entrances accessible to parking on level one and to the shopping center on level two. Sears will continue to occupy an anchor position on the primary floor of the existing store.

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FINANCE

RetailNext acquires Nearbuy Systems

BY Staff Writer

San Jose, Calif. — Retail Next announced today the acquisition of Nearbuy Systems, a provider of location-based Wi-Fi Analytics solutions for retailers. Based in San Mateo, Calif., Nearbuy is the largest provider of in-store opt-in analytics, enabling retailers to enhance one-to-one engagement and personalization strategies.

“RetailNext has invested more than $25 million in R&D to deliver ecommerce-style analytics to physical stores and shopping centers,” said Alexei Agratchev, CEO, RetailNext. “We are growing over 100% year-over-year and have more than 100 large-scale, global retailers actively using the RetailNext platform. We offer the most comprehensive solution for applied big data for for physical retail ─ the most features, data types and data analytics.”

“By incorporating an industry leading opt-in guest Wi-Fi Analytics platform and the deep mobile expertise of the Nearbuy team, RetailNext can offer retailers a proven, measurable and best-practice way to collect and analyze every aspect of data needed to gain a complete view of what happens in their stores,” added Agratchev.

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SUPPLY CHAIN

Supervalu to unveil east coast’s largest natural gas powered truck fleet

BY Staff Writer

Mechanicsville, Va. – Supervalu is shipping goods to its grocery stores across the Eastern region with a much smaller carbon footprint, thanks to the recent addition of 35 Class 8 Volvo trucks that operate on compressed natural gas (CNG). The fleet is the largest of its kind on the East Coast, and the company plans to add another 20 trucks next year.

To power the new trucks, TrilliumCNG built and will operate a fast-fill CNG station at Supervalu’s distribution center in Mechanicsville, Va., where the fleet is based. Taken together, this effort will reduce the fleet’s annual oil consumption by more than one million gallons and result in 1,300 fewer tons of greenhouse gas emissions.

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