Family Dollar Brings Redbox Kiosks to Its Locations Nationwide
MATTHEWS, N.C.--(BUSINESS WIRE)-- Family Dollar Stores, Inc. (NYSE: FDO) today announced that it has entered into a multi-year agreement with Coinstar (CSTR), Inc.s (Nasdaq: CSTR) Redbox, Americas destination for entertainment, to provide Redbox® kiosks at Family Dollar locations across the U.S.
As Family Dollar continues to broaden its assortment and increase relevancy to our customer, Redbox is a natural addition to our growth initiatives, said Michael Bloom, President and Chief Operating Officer for Family Dollar. The Redbox kiosk is the definition of convenience for movie and game rentals and will provide value, convenience and additional reasons for customers to visit Family Dollar stores more often.
Redbox is proud to be located at Family Dollar retail destinations and to extend our footprint in places where America shops, said Maria Stipp, chief customer officer of Coinstar, Inc. A key component to our success is our retail partners who help us bring consumers greater access to movies and games at a low price.
Family Dollar customers will gain easy access to entertainment at a great value with new release DVDs at Redbox for $1.20 a night, Blu-ray Discs" for $2.00 a night and games for $2.00 a night. For added convenience, Family Dollar customers can ensure their preferred title is available when they arrive at the kiosk by reserving online at redbox.com, via the Redbox iPhone® and Android" apps or by texting FIND to 727272.
About Family Dollar
Beginning with one store in Charlotte, North Carolina, in 1959, the Company currently operates more than 7,200 stores in 45 states. Family Dollar Stores, Inc., a Fortune 300 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.
Josh Braverman, 704-814-3447
Source: Family DollarCopyright Business Wire 2012