E*Trade Expands ATM Network in Target Stores to Diversify Operations

Share this content:
E*Trade Group Inc. has agreed to install 20 E*Trade shops and more than 1,000 automated teller machines in Target Corp. stores nationwide as part of its strategy to diversify its revenue stream away from strictly online brokerage operations, the company said yesterday.


As part of the arrangement, E*Trade will serve as the exclusive ATM network for all Target and Target Greatland Stores in the United States. The company currently operates ATMs in 110 Target stores.


The E*Trade shops are 400-square-foot facilities within Target stores, staffed with E*Trade sales and service representatives to assist customers with brokerage and banking services.


E*Trade also opened up a 30,000-square-foot E*Trade Center in New York last week where investors can make trades through their accounts, attend investment seminars and purchase E*Trade clothing and other gear.


E*Trade announced April 7 that it posted a net loss of $9.2 million, or 3 cents per share, for the first quarter, which ended March 31. The earnings, which met analyst expectations, compared with a net loss of $25.5 million for the same quarter last year.


Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here