REAL ESTATE

Santa Monica Place launches gift card program that benefits schools

BY CSA STAFF

Open-air shopping destination Santa Monica (Calif.) Place has launched a new gift card partnership to benefit local public schools. One dollar from the purchase fee for every Santa Monica Place Gift Card and GIVE Green Gift Card sold at the center will go to the Santa Monica-Malibu Education Foundation.

“Our shoppers care a great deal about supporting their schools and our new per card donation of Santa Monica Place and GIVE Green Gift Cards gives them an easy way to contribute to a favorite cause,” said Adrienne DeVore, senior marketing manager for Santa Monica Place.

The Santa Monica-Malibu Education Foundation is a local nonprofit organization dedicated to enhancing and supplementing the curriculum of the District. “We are pleased to join efforts with Santa Monica Place to build awareness and raise support for our local schools,” said Linda Greenberg Gross, executive director for the Santa Monica-Malibu Education Foundation. “Our goal is to enrich the local public school system with community partners like Santa Monica Place so together, we can make great things happen for our students.”

Shoppers can buy Santa Monica Place Gift Cards and GIVE Green Gift Cards at the Concierge Desk in the main level Plaza of Santa Monica Place.

The new Santa Monica Place is a three-level, all-open-air shopping and dining destination located just two blocks from the beach in Santa Monica. Opened in August 2010, the Macerich-owned property features Bloomingdale’s, Nordstrom, CB2, Nike, Louis Vuitton, Tiffany & Co, Burberry, Love Culture, AllSaints Spitalfields and others.

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Rite Aid’s same-store sales show improvement

BY CSA STAFF

CAMP HILL, Pa. — Same-store sales at Rite Aid increased by 1.3% in May, compared with the year-ago period, the retail pharmacy chain said Thursday.

Reporting sales for the five-week period that ended May 28, Rite Aid said front-end same-store sales increased 1.8%, while same-store sales in the pharmacy increased by 1%, including a 129-basis point offset due to introductions of new generic drugs. Prescription count increased 0.1%.

Total drug store sales during the period were nearly $2.5 billion, a 1% increase over $2.45 billion in May 2010.

Same-store sales for the 13-week quarter that ended May 28 increased by 0.8%, compared with the same period last year, including flat same-store sales at the front end and a 1.1% increase in pharmacy same-store sales.

Total drug store sales for the quarter were flat, with sales of $6.7 billion, compared with $6.4 billion last year. As of May 28, the company had 4,704 stores, compared with 4,767 stores at the same time a year ago.

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Sears Holdings charges up DieHard sales with new deal

BY CSA STAFF

HOFFMAN ESTATES, Ill.— Sears Holdings announced that it has reached a license agreement with Dorcy International, which will allow Dorcy to sell DieHard-branded alkaline/rechargeable batteries and flashlights to retailers in the U.S., Puerto Rico and the Caribbean.

"We are pleased to make it easier for customers to have access to our products by entering into a relationship with Dorcy," said Scott Freidheim, EVP Sears Holdings and president Kenmore, Craftsman and DieHard. "This is a thoughtful way for us to leverage our brands, while ensuring that we deliver product that meets DieHard’s demanding standards. Through this license agreement, we look forward to expanding the reach of the DieHard brand and the availability of DieHard products through retail channels."

The DieHard products to be sold as part of the agreement include AA, AAA, C, D, 9V alkaline and rechargeable batteries.

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