Kodak and CVS/pharmacy continue four-year partnership
(Best Syndication News) - Eastman Kodak Company announced that they would continue to have their photo kiosk services at CVS/pharmacy for four more years. There are 105,000 KODAK Picture Kiosks at various retail locations, according to Kodak’s Retail Systems Solutions (RSS) business. With 7,400 stores nationwide, CVS/pharmacy is the largest customer of the Kodak Retail Systems Solutions.
CVS Caremark Corporation (NYSE:CVS) has over 15,000 KODAK Picture Kiosks at their locations. Part of the new agreement includes CVS/pharmacy improving and adding the KODAK Adaptive Picture Exchange (APEX) dry lab systems. The new photo developing solution is more economical, which can increase profitability.
Additionally, the newer equipment reduces the environmental footprint. Customers will benefit with more options available to them. For instance, customers can now print from FACEBOOK and from Smartphones to the KODAK Kiosk.
The new agreement needs to be approved by the bankruptcy court. A hearing has been scheduled for December 7, 2012.
By: Dave Reddy