Sprint Expanding Phone Sales at Costco, Will Sell High-End Products in More Costco Retail Locations
Sprint (NYSE: S) today announced it will sell its products and services in 100 more stores owned by Costco Wholesale Corporation (NASDQ: COST), expanding its relationship with the leading retailer across the country.
Sprint began selling products in 106 Costco membership warehouses last fall. Most products are Sprint's premium, higher-end handsets from its Samsung, HTC and Motorola portfolios and the latest from its line of 4G LTE phones.
Costco operates a chain of membership warehouses that carry quality, brand name merchandise at lower prices than conventional retail sources. The addition of the retail chain's stores will help Sprint target and reach the growing market of small-to-medium-sized businesses – as well as consumers -- that Costco has successfully sold to over the years.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.