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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REAL ESTATE

River Drive Construction completes Sea Girt Square redevelopment

BY Staff Writer

Elmwood Park, N.J. — River Drive Construction Co. said it has completed the re-development of the 44,000-sq.-ft. Sea Girt Square retail center, on behalf of Gottesman Real Estate Partners.

River Drive served as construction manager for the project, which was completed in three stages to allow several existing tenants to remain in place. River Drive re-built the structure, raised the ceiling heights, re-clad all storefronts with floor-to-ceiling glass and installed entirely new mechanical systems. The project is located in Wall Township, N.J.

Tenants include Wings Fitness, Massage Envy, European Wax Center, Fins Tropicali, Miles Ahead Sports, Carter & Cavero, Village Coffee, The Coal House pizzeria, J. Michael Salon, The Sak, Weight Watchers, Gail’s Optical Shoppe, Shore Spine & Sport Physical Therapy and Ralph’s Famous Italian Ice.

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