CVS sees rise in 5-week sales ended Sept. 29
WOONSOCKET, R.I. CVS Caremark announced on Thursday that same-store sales for the five weeks ended Sept. 29 rose 5 percent.
Pharmacy same-store sales climbed 4.3 percent, and were negatively impacted by about 550 basis points due to recent generic introductions. Front-end same-store sales rose 6.8 percent.
During the five-week period the pharmacy retailer opened 17 stores, closed three and relocated 13 others. As of Sept. 29, the company operated 6,206 stores in 40 states and the District of Columbia.
For the third quarter, same-store sales for the 13 weeks ended Sept. 29 rose 5 percent, while pharmacy same-store sales increased 4.3 percent. Front-end same-store sales increased 6.5 percent.
Rite Aid’s Sammons to receive local award
CAMP HILL, Pa. Mary Sammons, chairman, president and chief executive officer of Rite Aid will receive the Business Achievement Award from the West Shore Chamber of Commerce, which serves the Harrisburg, Pa. area, on Nov. 7, according to a report in the Harrisburg-area Patriot News published Wednesday.
Sammons was chosen for her role in helping move East Pennsboro Twp.-based Rite Aid from the brink of bankruptcy to completion of one of the largest acquisitions in retail drug store history.
According to the Patriot News, Rite Aid’s acquisition of the Brooks and Eckerd drugstore chains is projected to bring 350 jobs to the midstate over the next three years.
Wal-Mart encourages early toy shopping
BENTONVILLE, Ark. Wal-Mart today announced a number of rollbacks on the items it considers the “Top 12 Toys of Christmas,” in order to encourage early holiday shopping.
“Fulfilling her child’s wish list is always first in Mom’s mind, and right now she’s scouting the aisles to see what’s interesting, and what’s affordable,” said Wal-Mart chief toy officer Laura Phillips. “So we’re starting early and aggressively with unbeatable prices on the items we know are on those lists.”
Toys with price reductions include Tonka Trucks, Littlest Pet Shop Digital Pets and Spider-Man Ride-on. According to Wal-Mart, customers will see price drops of 10% to 50% on select toys.