Coinstar Inc. announced plans to rollout the Coinstar service in the United
Agreements have been reached with Asda Stores, a subsidiary of Wal-Mart, and
Sainsbury’s Supermarkets. Combined, Asda and Sainsbury’s operate 680 stores in
the United Kingdom and have a market share of nearly 40 percent.
Today’s rollout announcement was prompted by consumer demand for the Coinstar
service. Coinstar installed its first machines in the United Kingdom just two
years ago as part of an eight store pilot test. Strong initial customer
response prompted Coinstar to install nineteen more pilot machines in 1999 and
“The United Kingdom represents a great expansion opportunity for Coinstar,”
said Alex Camara, managing director of Coinstar’s United Kingdom business.
“With signed contracts from two of the country’s leading retailers, we fully
expect to repeat the success Coinstar has enjoyed in the United States.”
“We know the United Kingdom is a very attractive market for Coinstar based on
the results achieved during our two year pilot,” said Rich Stillman, chief
operating officer of Coinstar. “Additionally, because much of the U.K.
infrastructure is located at our Bellevue headquarters, Coinstar is able to
further leverage its U.S. operation.”
About Coinstar Inc.
Coinstar Inc. (NasdaqCSTR) owns and operates the only nationwide network of
supermarket-based machines that offer coin counting and other electronic
services. Linked by a sophisticated interactive network, the company has more
than 8,500 machines throughout North America as well as in the United Kingdom.
Meals.com, the company’s majority-owned subsidiary, is an infrastructure
provider that helps supermarket retailers and packaged goods manufacturers
communicate directly to consumers through the use of online and in-store