Outerwall Inc. Receives Progressive Grocer Magazine Category Captain Award for Eighth Consecutive Year
BELLEVUE, Wash., Nov. 19, 2013 /PRNewswire/ -- Outerwall Inc. (Nasdaq: OUTR), formerly Coinstar, Inc., announced that Progressive Grocer magazine has awarded Outerwall the Category Captain award for the perimeter/nonfood category. Outerwall's category management program has been recognized by Progressive Grocer, acknowledging the company's leadership in automated retail solutions. Outerwall is the company behind well-loved brands like Redbox® entertainment and Coinstar® money services.
"Receiving this award for the eighth consecutive year validates Outerwall's expertise in transforming empty spaces into exciting retail solutions that make life easier for consumers and more profitable for retailers," said James Pinckney, chief strategy, sales and services officer at Outerwall. "Our self-service kiosks offer retailers turn-key solutions that add products and services consumers want while also generating increased foot traffic and revenue for retailers and helping them compete with specialty merchants."
Areas exist in retail stores that are underutilized and represent an untapped opportunity for retailers. Outerwall automated retail kiosks can generate several times the industry average for net profitability per square foot, yet don't require capital expenses or labor from retailers.
Progressive Grocer is the leading trade publication for the retail food and beverage industry, and its annual award recognizes the best and most innovative companies in category management. The award is the highest mark of distinction presented by the leading supermarket trade publication. 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 Outerwall and the Category Captain awards can be found in Progressive Grocer's November 2013 issue or online at www.progressivegrocer.com.
About Outerwall Inc.
Outerwall Inc. (Nasdaq: OUTR) has more than 20 years of experience creating some of the most profitable spaces for their retail partners. The company mission is to create a better everyday by delivering breakthrough kiosk experiences that delight consumers and generate revenue for retailers. As the company that brought consumers Redbox® entertainment, Coinstar® money services, Rubi™ coffee, and ecoATM® electronics recycling kiosks, Outerwall is leading the next generation of automated retail and paving the way for inventive, scalable businesses. Outerwall™ kiosks are in neighborhood grocery stores, drug stores, mass merchants, malls, and other retail locations in the United States, Canada, Puerto Rico, the United Kingdom, and Ireland. Learn more at www.outerwall.com.
SOURCE Outerwall Inc.