Rite Aid announces Sept. sales increase
CAMP HILL, Pa. Rite Aid Corporation Thursday morning announced a same-store sales increased of 0.7 (which does not include the Brooks and Eckerd operations) for the four weeks ended Sept. 29.
Pharmacy same-store sales increased 1.3 percent, which included an approximate 395 basis points negative impact from new generic introductions, while front-end same-store sales decreased 0.5 percent.
Total drugstore sales for the four-week period, which does include results from Brooks/Eckerd, increased 52 percent to $2 billion compared to $1.3 billion for the same period last year. Prescription revenue accounted for 68.6 percent of drugstore sales, and third party prescription revenue represented approximately 95.9 percent of pharmacy sales.
Same-store sales for the 30-week period ended Sept. 29 increased 1.6 percent (again, without Brooks/Eckerd results), consisting of a 2 percent lift in pharmacy same store sales increase and a 0.9 percent increase in front-end same store sales. Year-to-date sales totaled $13 billion, representing a 31.4 percent increase.
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.