REAL ESTATE

The Chill Thrill to open at Caligo Crossing

BY CSA STAFF

Coconut Creek, Fla. — Jacksonville, Fla.-based Regency Centers said it has leased retail space in Coconut Creek, Fla., at Caligo Crossing to The Chill Thrill.

A self-serve frozen yogurt and ice cream store, The Chill Thrill has leased 1,300 sq. ft. and is slated to open in April.

The 108,927-sq.-ft. shopping center is anchored by Kohl’s.

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IBM, Zave Networks join forces on digital-incentive solution

BY CSA STAFF

Kansas City, Kan. — Zave Networks announced Wednesday an agreement with IBM to collaborate on a digital-incentive solution designed to provide coupon shoppers with an easier way to cash in on savings at the supermarket.

Under the agreement, Zave Networks’ Zavers digital incentive and information management platform will be deployed with IBM’s SurePOS ACE retail application, significantly reducing the time, complexity, and retailer IT resource requirements for launching a digital coupon program.

This tightly integrated solution will help retailers offer digital coupons as part of their existing loyalty programs, enable them to quickly transact discounts and offers at the register, and settle offers with originating consumer goods manufacturers and distributors. Retailers can also use the platform to promote their own private-label products.

This marks the first time a third-party application will be deployed with IBM’s ACE point-of-sale platform. The solution uses retailers’ existing processes and equipment, allowing them to protect current technology investments.

"We are pleased to be working with a leading solutions provider like Zave Networks to deliver a solution to help retailers build loyalty and advocacy for their brands by providing consumers an enhanced shopping experience," said John Gaydac, VP & business line executive, IBM Retail Store Solutions.

The solution was demonstrated by IBM as part of its Smarter Store Checkout exhibit at the National Retail Federation Annual Convention and EXPO on Jan. 10-11 at the Jacob K. Javits Convention Center in New York City.

The solution can be found at in-market programs with A&P, SuperFresh, Waldbaum’s, The Food Emporium, Pathmark and Harris Teeter supermarkets with additional retailers planned for early 2011. The paperless, end-to-end platform addresses the needs of consumers, retailers and manufacturers throughout the life-cycle of an incentive from creation, to distribution to redemption and settlement.

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Sears releases year-end outlook

BY CSA STAFF

Hoffman Estates, Ill.-based Sears Holdings released its year-end outlook for the fiscal year 2010 ending Jan. 29.

For the full year, the company expects a net income of $210 million, with a fourth-quarter income expectation of between $370 million and $450 million, offsetting the company’s past two quarterly losses.

The company also posted up-to-date comparable-store sales for both its Sears Domestic and Kmart stores.

For the quarter-to-date, comparable-store sales for its Sears Domestic stores were down 5.3%, with Kmart stores seeing an increase of 3.4%.

For the year-to-date comparable-store sales, Sears Domestic saw a decline of 3.8%, with Kmart seeing a 0.8% increase.

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