Nest Labs, Inc. (nest.com) announced today that the Nest® Learning Thermostat™ is now available in more than 500 Lowe's Companies, Inc., (NYSE: LOW) stores across the country, as well as on lowes.com. Lowe's - the second-largest home-improvement retailer in the world - will feature Nest in its new Innovation merchandising displays in-store, which bring the best new products in home improvement to life with interactive end caps. To purchase or check local availability, visit lowes.com.
"There's a natural affinity between Lowe's and Nest," said Erik Charlton, Nest vice president of sales and marketing. "Both companies are committed to supporting DIY-minded customers seeking quality products. Most Nest owners choose to install the Nest Learning Thermostat themselves - and complete installation within 30 minutes - so it makes sense for them to buy from Lowe's, a great retailer that supports its customers' ingenuity and pride in their homes."
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Many attendees of this weekend's Berkshire Hathaway annual meeting saw something they'd never seen before: a complete retail store in just 2 sq. ft. of floor space. In contrast to the usual large booths selling products made by Berkshire-owned brands. Richline Group, a Berkshire Hathaway-owned jewelry manufacturer, employed the Vigix vending kiosk to sell commemorative, gold and silver coins, pendants, and money clips. Sales were strong throughout the meeting, achieving an annualized sales per square foot of more than $1,125,000.
The Vigix kiosk, with a footprint of just 2 sq. ft., delivered a convenient retail experience for shoppers, including the ability to browse product information on the kiosk's large touch screen, accept payment for items purchased, and dispense the purchases on the spot. In the words of one happy customer, "It was more convenient than shopping on the web because I got my product immediately. It's the best of both worlds!"
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