OPERATIONS

Coinstar and Safeway to install coin-counting kiosks

BY Katherine Boccaccio

Pleasanton, Calif. — Safeway and Coinstar announced Thursday an agreement to install approximately 1,400 Coinstar kiosks in Safeway’s stores in the United States and Canada by the end of 2011.

Coinstar kiosks are to be installed in Safeway stores and its banners including Vons, Dominick’s, Randalls, Tom Thumb, Genuardi’s, Pavilions, Carrs and Pak N’ Save. Installations are planned to begin this month, according to the companies.

"Coinstar brings a turnkey service and two decades of experience managing the operational intricacies associated with self-service coin kiosks," said Brian Dowling, VP public affairs, Safeway. "We are confident our customers will be pleased with the flexibility of being able to turn their coins into cash, store purchases, or, in the future, a gift card."

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FINANCE

Village Super Market profit plummets in Q3 on charge

BY Katherine Boccaccio

Springfield, N.J. — Village Super Market reported Thursday that net income for the third quarter dropped 68% to $1.7 million, primarily due to a $4.2 million charge for the withdrawal liability from a multi-employer pension plan.

Sales grew 5.2% to $316.2 million. Same-store sales increased 4.8%.

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News

Safeway inks deal with Coinstar

BY CSA STAFF

PLEASANTON, Calif. — Safeway is bringing Coinstar’s self-service coin-counting kiosks to its U.S. and Canada stores, the supermarket retailer announced Thursday.

Safeway said it agreed to install 1,400 Coinstar kiosks by the end of 2011, with installations slated to begin this month in Safeway stores and its banners, including Vons, Dominick’s, Randalls, Tom Thumb, Genuardi’s, Pavilions, Carrs and Pak N’ Save.

"Coinstar brings a turnkey service and two decades of experience managing the operational intricacies associated with self-service coin kiosks," Safeway public affairs VP Brian Dowling said. "We are confident our customers will be pleased with the flexibility of being able to turn their coins into cash, store purchases, or in the future, a gift card."

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