Published: April 07, 2010
PRN and Costco Renew Relationship
SAN FRANCISCO & ISSAQUAH, Wash. - (BUSINESS WIRE) - Premier Retail Networks, Inc. (PRN), a global leader in innovative
digital place-based media services, and Costco Wholesale Corporation
("Costco") (NASDAQ: COST), the third largest retailer in the U.S., today
announced a multi-year agreement to extend their longstanding
relationship on Costco's in-store media network and content strategy.
PRN and Costco have collaborated on the network since its inception in
2004.
Under this new agreement, PRN will provide Costco with an end-to-end
retail media solution that includes custom HDTV programming, advertising
sales, network operations, media management and scheduling. In addition,
PRN's programming team will produce custom programming highlighting
Costco's unique services and department offerings, network branding,
consumer electronics education, plus custom HD entertainment and sports
programming drawn from PRN's growing alliances with over 150 premier
content providers. The Costco network operates in more than 400
warehouses in the U.S., and reaches more than 41 million members every
four weeks (Costco HDTV Viewership Study, The Nielsen Company, 2008).
"Partnering with PRN continues to provide Costco with premium HD and
advertising content on our display TVs and enhance our members' shopping
experience," said Paul Latham, vice president, membership, marketing &
Costco services. "We're pleased to continue our relationship."
"We value the high quality of Costco's warehouse and membership base,
and their members appreciate how our premium HD programming enhances
their in-warehouse shopping experience," said Richard Fisher, PRN CEO.
"We're thrilled to extend our successful relationship with Costco."
Premier Retail Networks, Inc. (PRN) provides innovative digital
place-based media services that enable retailers and marketers to reach
consumers in more than 10,000 locations across the U.S. PRN works with
leading retailers, advertisers, content and technology companies to
create and deliver place-based media that engages, informs and motivates
consumers where they shop, eat and socialize. PRN's retail customers
include Acme Markets, Albertsons, Associated Food Stores, Bodega
Aurrera, Carrefour, Costco, Jewel-Osco, Pathmark, Sam's Club, Shaw's,
ShopRite, Star Market, Target, Walmart Stores and Walmart Mexico.
Through advertising sales relationships with Retail Entertainment
Design, TargetCast Networks and indoorDIRECT, PRN also represents the
in-venue networks located in Fred Meyer and Fry's Marketplace retail
stores, and in a number of leading quick service, casual and fast casual
dining venues. PRN's programming alliances include major television
networks and other media properties, as well as movie studios, record
labels and magazine and newspaper publishers.
About Costco
Costco currently operates 566 warehouses, including 413 in the United
States and Puerto Rico, 77 in Canada, 21 in the United Kingdom, seven in
Korea, six in Taiwan, nine in Japan, 32 in Mexico and one in Australia.
The Company also operates Costco Online, an electronic commerce web
site, at www.costco.com
and at www.costco.ca
in Canada.
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Chase, Ink. PR
Press Relations
Jodie Chase, 415-492-3494
jodie@chase-ink.com
or
PRN
Press
Relations
Drew Fleming, 415-808-9742
drew_fleming@prn.com
or
Industry
Analyst Relations
Guillaume Trichard, 33141866571
guillaume.trichard@technicolor.com
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