Sears celebrates the opening of its new appliances and mattresses store in Honolulu

Sears celebrates the opening of its new appliances and mattresses store in Honolulu

 

Retailer Unveils Innovative Free-Standing Store at Ala Moana Center

HOFFMAN ESTATES, Ill., 2017-Nov-14 — /EPR Retail News/ — Sears announced the grand opening of a new store dedicated to appliances and mattresses today (Nov 9, 2017). Located in Honolulu, the unique retail concept focuses on two of Sears’s strongest categories, appliances and mattresses, while continuing to offer the expertise and capability of its leading integrated services. The new store builds on the success of the first Sears Appliances & Mattresses store located in Pharr, Texas, which has been open since June of this year, as well as the Sears Appliances store, which opened in Ft. Collins, Colo. in 2016.

“We’re delighted by the positive feedback we’ve received from our members around the Ft. Collins, Colo. and Pharr, Texas stores,” said Leena Munjal, senior vice president, Customer Experience and Integrated Retail, Sears Holdings. “At our new Honolulu Sears Appliances & Mattresses store, the community will find an innovative, interactive shopping experience that showcases our leading array of appliances and mattresses, with the support of expert associates. This new store helps our members easily find the best product for them to live life now and enjoy these products in their homes for years to come.”Located in the Mauka wing of Ala Moana Center at 1450 Ala Moana Blvd in Honolulu, the 16,200-sq. ft. Sears Appliances & Mattresses store showcases the top major appliance brands, including Kenmore®, in a bright, spacious setting with interactive displays, allowing members to view home appliances in kitchen vignettes and experience top mattress brands. Members can visualize how new appliances would look in a full-scale kitchen with the “Discover More” 100-inch interactive digital display. Using a tablet, shoppers can select common kitchen layouts and appliances and further customize the experience by choosing colors and finishes. They also can use the “Discover More” digital display to shop for other products on sears.com.The Honolulu store also exhibits an assortment of vacuums, floor care and home environment products, as well as countertop microwaves. Members can also try out mattresses from top brands including Tempur-Pedic®, Beautyrest, Sealy and Stearns & Foster, and shop for select pillows and bedding.

The new location will feature the full suite of integrated retail services for which Sears is known, including:

  • Meet with An Expert: The free service helps members shop for home appliances and mattresses by letting them schedule appointments with in-store experts at a time convenient for them.
  • Buy Online and Ship to the Store, In-Vehicle Pickup: Members can purchase all products available on Sears.com or Kmart.com, ship to the store for free, then pick up their items at the store when they arrive, where they will be ready in five minutes, guaranteed. Members can even choose to have their item brought out to them by using Sears’ innovative In-Vehicle Pickup service.
  • Anyone, Anywhere Pickup: Members can order any item on Sears.com or Kmart.com and send a friend or family member to pick up the purchase—particularly useful for parents purchasing items for their kids who may be away at college.

A grand opening will take place Saturday, Nov. 11 at 9 a.m. with grand opening festivities continuing throughout the day. They include:

  • Store Blessing and Untying of Maile
  • 10 percent off storewide*
  • Goody bags for first 100 customers
  • Appetizer plates from Aloha Plate food truck for first 100 customers, starting at noon
  • Entertainment by Hawaiian musicians Sean Na’auao and Nathan Aweau
  • Gift card store raffles throughout the day, up to $250

The new Sears Appliances & Mattresses store will be open Sunday, 10 a.m.– 7 p.m. and Monday through Saturday, 9:30 a.m.– 9 p.m. In most cases, Sears delivers appliances and mattresses Monday through Saturday.

Sears has been proudly serving Hawaii for over 70 years, with its first Hawaii store opening on Oct. 11, 1939. The Sears Appliances & Mattresses store’s associates and technicians, who provide services such as installation, maintenance and repair, are trained and employed by Sears. Honolulu members will also gain peace of mind knowing they can protect their purchases with one of the industry’s most comprehensive warranty programs, which has made Sears No. 1 in protection agreements.

*Some exclusions apply

About Sears, Roebuck and Co.
Sears, Roebuck and Co., a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a leading integrated retailer providing merchandise and related services and is part of Shop Your Way, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through shopyourway.com. Sears, Roebuck offers its wide range of home merchandise, apparel and automotive products and services through Sears-branded and affiliated full-line and specialty retail stores. Sears, Roebuck also offers a variety of merchandise and services through sears.com and specialty catalogs. Sears, Roebuck offers consumers leading brands including Kenmore, Craftsman, and DieHard — among the most trusted and preferred brands in the U.S. The company is the nation’s largest provider of home services, with more than 6,000 expert technicians who make nearly 11 million service calls annually. For more information, visit the Sears, Roebuck website at www.sears.com or the Sears Holdings Corporation website at www.searsholdings.com.

MEDIA CONTACTS:
Larry Costello
Sears Holdings Corp.
847-286-9036
Larry.Costello@searshc.com

Chloe Zuanich
Havas Formula for Sears
312.229.0605
sears@havasformula.com

SOURCE: Sears, Roebuck and Co.

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General Growth Properties, Inc. and AustralianSuper partner to own and operate Ala Moana Center located in Honolulu, Hawaii

Chicago, Illinois, 2015-3-5 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) and AustralianSuper announced today they have formed a partnership to own and operate Ala Moana Center located in Honolulu, Hawaii. Effective with the partnership formation, GGP will own a 75% equity interest and AustralianSuper will own a 25% equity interest in Ala Moana Center. The transaction values Ala Moana Center at approximately $5.5 billion.

Ala Moana Center is one of the largest and most productive shopping malls in the world with over $1,350 of tenant sales per square foot. The property is comprised of approximately 2.2 million square feet of retail and office space and is undergoing a major redevelopment. Upon completion, an additional 660,000 square feet of retail space will be anchored by Bloomingdale’s first store in Hawaii and Nordstrom.

The transaction will generate approximately $907 million of net proceeds. GGP received approximately $670 million of net proceeds at closing on February 27, 2015. The remaining $237 million of net proceeds will be paid in late 2016 after substantial completion of the redevelopment. GGP expects to use the net proceeds to repay approximately $670 million of debt within the next two months. The weighted average interest rate of the debt is approximately 4.6%.

GGP may sell an additional 12.5% equity interest in Ala Moana Center within the next 60 days on the same economic terms. GGP expects to use the net proceeds to fund a pending acquisition.

Forward-Looking Statements
Certain statements made in this press release may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statement are based on reasonable assumption, it can give no assurance that its expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks, uncertainties and other factors. Such factors include, but are not limited to, the Company’s ability to refinance, extend, restructure or repay near and intermediate term debt, its indebtedness, its ability to raise capital through equity issuances, asset sales or the incurrence of new debt, retail and credit market conditions, impairments, its liquidity demands, and economic conditions. The Company discusses these and other risks and uncertainties in its annual and quarterly periodic reports filed with the Securities and Exchange Commission. The Company may update that discussion in its periodic reports, but otherwise takes no duty or obligation to update or revise these forward-looking statements, whether as a result of new information, future developments, or otherwise.

ABOUT GGP
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

ABOUT AUSTRALIAN SUPER
AustralianSuper is Australia’s largest industry super fund, with more than two million members and more than A$84 billion in funds under management. AustralianSuper’s Balanced Fund has delivered an average annual return of 10.04% over the past five financial years.

 

CONTACTS:

GGP
Kevin Berry
Phone: (312) 960-5529
Mobile: (708) 308-5999

AUSTRALIANSUPER
Stephen McMahon
Phone: +61 3 8648 3828
Mobile: +61 407 507 415