Printer Friendly

TSS LTD. AND PAYLESS DRUG STORES ANNOUNCE ROLL-OUT PLAN FOR 'THE SAVINGS SPOT' PROGRAM TO 120 STORES

 PROVIDENCE, R.I., Sept. 22 /PRNewswire/ -- TSS Ltd. (NASDAQ: TSSL) and PayLess Drug Stores announced today that the companies had signed a contract through which TSS will operate "The Savings Spot"(R) electronic marketing program in 120 PayLess Drug stores. Earlier this year, the companies had announced the execution of a letter of intent to commence a 15-store pilot program.
 Beginning in late October, "The Savings Spot" program will be introduced in 14 stores in the San Francisco market and one store in greater Portland. In January, an additional 105 program stores will be added in San Jose, Salt Lake City, Portland and the San Francisco and Oakland Bay area.
 In making the announcement, Michael A. Clark, president of TSS Ltd., said that the contract to operate the program in a much larger number of stores was made possible by enhancements to the basic retailer deal structure recently made by TSS.
 "The successful testing of our local merchant sales program over the past year enabled TSS to restructure the relationship with our retail partners to provide them with greater program participation and shared control," Mr. Clark said.
 Under terms of the agreement, PayLess will be responsible for soliciting manufacturer participation for a portion of the advertising slots and TSS will be responsible for sales to local merchants and non-competing national marketers. PayLess and TSS will share overall consumer marketing responsibilities.
 Andy Striefel, vice president of merchandising for PayLess Drug Stores, said, "We are pleased to be the first drug store chain in the nation to launch `The Savings Spot' program in our stores. We view `The Savings Spot' program as a strategic marketing tool, providing important values to our customers and community, and enabling us to work closely together with our vendors through a state-of-the-art electronic marketing program."
 -0- 9/22/93
 /CONTACT: John Hochstein, CFO of TSS Ltd., 203-226-5144, or John Swanson of Swanson Communications, Inc., 212-683-4890/
 (TSSL)


CO: TSS Ltd.; Payless Drug Stores ST: Rhode Island IN: REA SU: CON

TW-OS -- NY031 -- 4643 09/22/93 11:21 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 22, 1993
Words:341
Previous Article:HAGGAR ANNOUNCES UNITED KINGDOM JOINT VENTURE
Next Article:TELEPHONE AND DATA SYSTEMS, UNITED STATES CELLULAR PLAN EQUITY FOR DEBT SWAP AS PART OF USM RIGHTS OFFERING
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters