REAL ESTATE

PriceSmart to open third location in Columbia

BY Marianne Wilson

San Diego — PriceSmart announced that it has purchased land on which it will build a PriceSmart Warehouse Club in North Cali, Colombia. It would be the company’s third store in Colombia.

PriceSmart recently began construction of a location in South Cali, that is expected to open in October 2012. It anticipates the North Cali PriceSmart Club will open in the spring of 2013.

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OPERATIONS

Sears Canada launches online points redemption feature

BY Marianne Wilson

Toronto — Sears Financial has launched an online points redemption system for its five million plus card members, making it one of the first major retail loyalty programs in Canada to do so.

Under the program, Sears customers who purchase their products on a Sears Financial credit card earn Sears Club Points that can be redeemed instantly at Sears stores. The new feature allows Sears Financial credit card members to redeem their Sears Club Points online at sears.ca, towards thousands of products across 50 categories, ranging from women’s fashions and cosmetics to appliances and furniture and much more.

To take advantage of the new easy-to-use service, card members must go through the standard checkout process on sears.ca and select a Sears Financial credit card as the form of payment. For every 1,000 Sears Club Points redeemed, the card member will receive $10 off their purchase.

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REAL ESTATE

Bon-Ton to open Herberger’s in Pocatello, Idaho

BY Staff Writer

York, Pa. — The Bon-Ton Stores has signed a lease with General Growth Properties to open a Herberger’s in Pine Ridge Mall, Pocatello, Idaho.

Remodeling is expected to begin in April 2012 and be completed by the end of October 2012.

The Pine Ridge location will be the first store in Idaho for the company.

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