At its 15,400 locations around the world, Bellevue-based Coinstar, known for its green machines, will gladly turn your change into bills...
At its 15,400 locations around the world, Bellevue-based Coinstar, known for its green machines, will gladly turn your change into bills for a small fee.
It also owns 280,000 entertainment machines from kiddie rides to toy-grabbing crane games.
This year, Wal-Mart agreed to install Coinstar’s DVD rental kiosks, called Redbox, at all its stores. However, the retailer is removing Coinstar’s rides and games, which will lead to weaker-than-expected sales for the entertainment business for 2007.
Coins are still Coinstar’s biggest revenue driver. Last year, 340 new coin units were added at Wal-Mart, 1,135 at grocery stores, 250 at drugstores and 115 inside banks.
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The company is experimenting with self-service machines dispensing Seattle’s Best Coffee in a pilot program in Washington state.
Coinstar grew sales by 350 percent in the past five years. It expects more than $800 million this year and $1 billion by 2010.