NutriSystem appears to be just as healthy business-wise as they try to make their customers. Shareholders have been rewarded with a doubling in stock price this winter, which comes on the heels of some expansion in the availability of their products this year.
NutriSystem rang in the 2009 New Year with the announcement that they struck up a deal with Costco, one of the largest wholesale consumer outlets in the U.S.
Costco members can now walk into any of the 384 warehouse locations and get information on both the men’s and women’s NutriSystem programs through in-store displays. Once they choose the program that is right for them, they can either call NutriSystem or log onto the NutriSystem site to place their order for home delivery.
In early December, NutriSystem announced that Walgreens will be the exclusive retailer to carry NutriSystem-D, a weight loss program designed especially for diabetics. Walgreens is the largest drugstore chain in the U.S.
Walgreens will also offer the 14-day Silver Starter Program for older dieters, and the 14-day Ready-To-Go Starter Program. Cards for these programs will be sold nationwide in nearly 7,000 stores and on Walgreens.com. The cards are activated online, then the user purchases the NutriSystem program of their choice and they will receive it through the company’s home delivery system.
A similar deal was struck with Sam’s Club and Wal-Mart. These announcements add up to a presence in four of the nation’s leading retailers with a total of about 10,000 locations.
(via: Yahoo Finance)
January 1st, 2010