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Kroger declares quarterly dividend of 11.5 cents

BY Allison Cerra

CINCINNATI — Kroger announced that its board of directors have declared a quarterly dividend of 11.5 cents per share.

The dividend will be paid June 1 to shareholders of record as of the close of business on May 15.

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M-Edge introduces cases for new iPad

BY Allison Cerra

ODENTON, Md. — M-Edge has launched a new line of protective cases for the latest Apple iPad.

The new cases feature the uView Mounting System, a molded polycarbonate four-corner iPad frame that snaps in via a universal attachment clip that mounts into the jacket in landscape or portrait modes, or can be detached for lower profile protection, without obstructing access to the iPad’s camera, ports and buttons.

The new line carries a suggested retail price range of $34.99 to $49.99.

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Rite Aid comps increase 3.1% in February

BY Alaric DeArment

CAMP HILL. Pa. — Rite Aid same-store sales increased by 3.1% in February, including a 1.9% increase in front-end comps and a 3.7% increase in pharmacy comps, the company said Thursday.

Total sales for the 4,667-store chain were $2.55 billion, a 2.3% increase over February 2011’s $2.5 billion.

For the 14-week period that ended Saturday, comps were up 3%, including a 1.6% increase in front-end comps and a 3.8% increase in pharmacy comps. For the 53-week period ending Saturday, comps increased by 2%, including a 1.1% increase in front-end comps and a 2.4% increase in pharmacy comps.

The latest sales figures come on the heels of an announcement made last month that Rite Aid had issued $481 million in 9.25% senior notes to refinance its debt, the first time it had been able to tap the unsecured debt market in five years.

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