Goldstur Announces First Placements of Unique Jewelry Exchange Kiosks in Selected Cub Foods Locations

Dec 16, 2015, 11:00 ET from Goldstur

NEWPORT BEACH, Calif., Dec. 16, 2015 /PRNewswire/ -- Goldstϋr, developer of the world's first and only automated kiosk for converting old or unwanted jewelry into cash or gift cards, has announced the first deployment of the kiosks in an agreement with Supervalu banner Cub Foods, with Goldstϋr kiosks now in place at stores in the Minnesota cities of Silver Lake, Stillwater, Midway, Coon Rapids and Apple Valley.

"As one of the largest grocers in the nation with multiple banners throughout the country, Supervalu represents a tremendous opportunity for us," said Goldstϋr COO Kevin Miller. "Retailers love us because there is no cost of ownership or labor associated with the kiosk, and it provides an immediate revenue source in a very small footprint." 

Consumers have the opportunity to unlock the value of their gold or silver jewelry by exchanging it for cash or gift cards in a trustworthy, professional, secure and accurate process. For the retailer, this unique approach represents a new form of revenue, which is positive from day one, that Goldstϋr can capture in addition to generating additional store traffic. Moreover, it can be a hedge against declining revenues from other in-store services like Redbox and Coinstar.

The process takes just two minutes and a small $2.00 appraisal fee, with offers based on commodities market prices that are updated every hour. Consumers can choose from a cash receipt or store gift card as payout. If the consumer decides not to accept the bid as shown on the kiosk screen, they can simply decline the offer.

The Goldstϋr kiosk is an easy, accurate and pressure-free process, all within the confines of a safe and comfortable supermarket environment. Consumers are not required to part with their jewelry as in a cash-for-gold mail order service. Plus, there are no middlemen or haggling to deal with like those found in pawn shops or store-front gold buying operations.

"We have a strategic marketing plan that we are implementing through Cub Foods to bring consumer awareness to our kiosk concept and drive traffic to these locations," Miller noted. "And we plan to expand rapidly by targeting busy shopping malls, supermarkets and big box retailers nationally."

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About Goldstϋr
Goldstϋr is revolutionizing the process of converting previous-metal jewelry to cash or store gift card through a network of self-serve kiosks using a patented algorithm to quickly assess items and offer a bid within two minutes based on current commodities market pricing. Consumer benefits include convenience, a no-pressure transaction and trustworthy bids. Retailer benefits include an additional source of revenue and patron traffic.

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SOURCE Goldstur