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Coinstar Receives Distinguished Category Captain Award for Third Consecutive Year
4th Wall Category Management Program Selected by Progressive Grocer MagazineBELLEVUE, Wash., Nov 06, 2008 (BUSINESS WIRE) -- Coinstar, Inc. (NASDAQ:CSTR) today announced that Progressive Grocer
Magazine has awarded Coinstar, Inc., the Category Captain award for "other
perimeter" in the nonfood category. For the
third year in a row, the Coinstar 4th Wall(TM)
category management program has been recognized by Progressive Grocer
Magazine for lifting sales in the entire category.
"We're honored to receive this prestigious award and to be recognized as
an industry leader in category management for the 4th
Wall," said Jim Blakely, senior vice president of sales, Coinstar, Inc. "As
the first place a customer visits in the store and the last impression
they have when they leave, Coinstar in partnership with retailers has
identified an opportunity to maximize the value of this important piece
of real estate."
The area between the cash register and the front door is undervalued and
therefore underutilized space representing an untapped opportunity for
retailers. Discovering the potential of the 4th
Wall is Coinstar's vision for offering an
analytical process and expertise to maximize profit through front-end
operations. If managed effectively, this area is estimated to generate
five to ten times the industry average for net profitability per square
foot.
Progressive Grocer Magazine is the leading trade publication for the
food and beverage industry, and their annual award recognizes the best
and most innovative companies in category management. The award is the
highest mark of distinction presented by the magazine. Several factors
were reviewed during the judging process, including product innovation,
consumer insights, dynamic category management tools, and demonstrated
commitment to meeting retail customers' specific needs. Complete
coverage on Coinstar and the Category Captain awards can be found in
Progressive Grocer's November 2008 issue or
online at www.progressivegrocer.com
.
About Coinstar, Inc.
Coinstar, Inc. (NASDAQ:CSTR) is a multi-national company offering a
range of 4th Wall(TM)
solutions for the retailers' front of store
consisting of self-service coin counting, electronic payment solutions,
money transfer, entertainment services and self-service DVD rental. The
company's products and services can be found
at more than 50,000 retail locations including supermarkets, drug
stores, mass merchants, convenience stores, and financial institutions.
For more information, visit www.coinstar.com.
SOURCE: Coinstar, Inc.
Coinstar, Inc.
Marci Maule, 425-943-8277
mmaule@coinstar.com
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