Sears, Kmart to ‘reward’ shoppers just in time for holiday season
HOFFMAN ESTATES, Ill. — With the holiday season just around the corner, Sears Holdings is aiming to make shopping more rewarding by offering five times the Shop Your Way Rewards points — equal to 5% back — on all qualifying purchases.
The offer, which is available to all Sears credit cardholders who also are Shop Your Way Rewards members, begins immediately at both Sears and Kmart stores, and will continue year-round at Kmart. Sears is providing the offer until Jan. 28, 2012.
"We know budgets are tight, so we want to reward our customers by offering them ways to stretch their dollar," Sears Holdings SVP and president of marketing Dave Friedman said. "We believe this program will help families get more out of every visit to Sears and Kmart when they use their Sears card."
The retailer is hoping that the five times the Shop Your Way Rewards points will prove particularly helpful this holiday season. According to the National Retail Federation, the average person will spend an additional $130.43 on holiday gifts this season to take advantage of sales and discounts on apparel, electronics, home goods and other items for themselves and family members, up from $112.20 last year.
"We’re presenting creative, money-saving options to our customers," added Friedman. "We want to reward them for their loyalty to both Sears and Kmart by helping them get the most out of their shopping experiences during the holidays and beyond."
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Kroger to make record investment in new Virginia store
RICHMOND, Va. — Charlotte, N.C.-based Crosland Southeast said it broke ground Friday on Richmond Metropolitan Statistical Area’s newest multi-use development, Stonebridge, which will include a 123,600-sq.-ft. Kroger Marketplace grocery store that will be the region’s largest — and the company’s most expensive — to date.
The Kroger Marketplace will be the region’s largest traditional grocery store in size and will represent the Kroger’s largest single-store investment in the company’s history. This first-of-its-kind store in Virginia offers shoppers an experience that combines a top-quality grocery store with 30,000 sq. ft. of nongrocery, home store offerings, ranging from furniture to home décor. The remaining square footage of the first phase of development will include a Kroger fuel station, 20,400 sq. ft. of smaller retail shops and four outlets.
Stonebridge is a joint venture between Crosland Southeast and Hartford-based Hutensky Capital Partners.
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Target starts Black Friday earlier, extends holiday hours
MINNEAPOLIS — Target is getting an early jump on Black Friday this year, announcing that it will open its stores at midnight on Nov. 25.
“The holidays bring hectic schedules and tight budgets, so extending store hours and offering lots of additional ways to save makes Target a great choice for affordable, one-stop holiday shopping,” Target EVP stores Tina Schiel said.
In addition to opening at midnight on Black Friday, Target said it also is extending store hours throughout the season. On Black Friday and the day after Christmas (Dec. 26), stores will be open until 11 p.m. On Christmas Eve (Dec. 24), stores will remain open until 7 or 8 p.m., depending on the location.
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