Longs Drug Stores Corporation has signed an agreement with Travelers Express Company, Inc., a Viad Corp subsidiary, to bring both Travelers Express money orders and MoneyGram money transfer services into their stores. Longs, a California-based drug store chain, expects to introduce Travelers Express/MoneyGram services in approximately 350 locations by early next year. Longs stores in California, Nevada, Colorado, Oregon and Washington will be offering these new services.
“Longs is committed to quality and high customer service standards, so we are very pleased our services will be available in their stores,” said Michael Berry, vice president and general manager of Travelers Express/MoneyGram’s retail domestic business. “The addition of these locations will also significantly expand our network in a number of key states, giving more people easy access to our MoneyGram wire transfer service.”
Terry Burnside, Longs senior vice president – marketing, commented, “A commitment to providing Longs’ customers with convenience, professional assistance and value is fundamental to the way we conduct business. Since initiating in-store mailing centers in nearly 80 locations this year, one of our customers’ most frequent requests has been for money order and money transfer services. Travelers has demonstrated an intense desire to do business with Longs and possesses attitudes similar to ours in terms of the high priority placed on integrity and service.”
Longs Drug Stores is one of the most successful drug store chains in North America. Founded in 1938 by brothers Joe and Tom Long as a small neighborhood drug store, the company currently operates 414 stores in California, Nevada, Colorado, Hawaii, Washington and Oregon. Annual sales average more than $8.7 million per store. Longs’ unique strategy includes competencies in the key categories of pharmacy, over-the-counter medications, photo and cosmetics, and numerous other offerings. Longs’ Web site, [www.longs.com], includes community health screening schedules, on-line prescription refills, pharmacist access, coupons, a monthly health topic and the latest company news and investor information.
Travelers Express, which serves more than 5,000 financial institutions and 65,000 retail locations, annually processes more than one billion payment transactions, valued at more that $120 billion. In addition to money orders and MoneyGram wire transfers, the company processes official checks, electronic bill payments, rebate checks, WIC payments and gift certificates.
Viad Corp is a $1.6 billion company based in Phoenix.