REAL ESTATE

New stores on tap for Miracle Mile Shops

BY Staff Writer

Las Vegas — Miracle Mile Shops at Planet Hollywood Resort & Casino said that five new stores will open at the center, and several tenants will unveil newly renovated spaces.

Garrett Popcorn will open this September in its first Las Vegas location; Jamba Juice has already opened its Miracle Mile Shops outlet, and blow-dry bar Dollheads will open this June. In November, GRATiAE will open a skin care products store.

Ultra Diamonds will launch a new concept within the center, and, in early 2013, Scamp & Scoundrel will open a fashion jewelry boutique.

Retailers undergoing remodels in the shopping center include art dealer Wyland Galleries, dessert café Nestle Toll House Café, ABC Stores, which operates two locations within Miracle Mile Shops, and Tommy Bahama, which has decided to remodel and move into a larger location within the center.

In all, Miracle Mile Shops at Planet Hollywood Resort & Casino features 170 specialty stores, 15 restaurants and three live entertainment venues. It is owned by David Edelstein and Aby Rosen, in conjunction with leasing and marketing consultant Robert K. Futterman & Associates.

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News

Report: Sainsbury in talks to license brand match technology

BY Staff Writer

New York — J. Sainsbury Plc is in talks with retailers in the United States and South America to license the technology behind Sainsbury’s Brand Match, a price promise that has fueled sales outperformance, according to a report by Bloomberg.

The Brand Match program ensures shoppers don’t pay more for branded goods such as Coca- Cola at Sainsbury than at competitors by checking more than 14,000 items, including offers and promotions at the point-of-sale. Customers are given a coupon if an item is priced cheaper at a rival.

According to Sainsbury, the number of customers who believe it sells brands at the same price as other supermarkets has risen to 80% from 68% since the initial pilot of Brand Match in August 2011, the report said. The company issues millions of coupons a week to customers under the program.

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REAL ESTATE

Panera to open South Hill Mall location

BY Staff Writer

Puyallup, Wash. — Youngstown, Ohio-based Cafaro Co. said that Panera Bread will open a new bakery-café at its South Hill Mall property in Puyallup, Wash.

The new Panera Bread, slated to open this fall, will occupy a 4,300-sq.-ft. building recently vacated by Krispy Kreme.

The 1 million-sq.-ft. South Hill Mall is anchored by Target, Macy’s, J.C. Penney, Sears and Regal Cinemas, and features 120 specialty shops.

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