American Drug Stores Inc. Signs Coupon Deal
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The service will be available to shoppers in late spring. American Drug Stores, with 990 stores in 21 states, is a wholly owned subsidiary of American Stores Co. Financial arrangements with San Francisco-based planet U were not disclosed.
U-pons, already in use by other supermarket and drug chains, have generated redemption rates of more than 20 percent on a variety of national branded products from leading consumer packaged goods manufacturers, American Drugs said. Traditional coupons average less than 2 percent redemption.
American Drugs' U-pons program will offer promotional savings on national brands and American Store Private Label products.