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Rite Aid comps increase 1.9% in November

BY Alaric DeArment

CAMP HILL, Pa. — Rite Aid’s same-store sales increased by 1.9% in November, compared with the year-ago period, the company said Thursday.

The country’s third-largest retail pharmacy chain said front-end same-store sales decreased by 0.6%, while pharmacy same-store sales increased by 3.1%. Meanwhile, total drug store sales were $2.4 billion, a 1.4% increase over November 2010’s $2.37 billion.

For the 13-week period that ended Nov. 26, same-store sales increased by 2% over the same period last year. Same-store sales on the front end were flat, while pharmacy same-store sales increased by 2.9%. Total drug store sales were nearly $6.3 billion, compared with nearly $6.2 billion last year.

For the year to date, same-store sales increased 1.6%, including a 0.8% increase in front-end same-store sales and a 1.9% increase in pharmacy same-store sales. Total drug store sales  were $18.9 billion, compared with about $18.7 billion during the first 39 weeks of fiscal year 2010.

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Fred’s reports increase in November sales

BY Allison Cerra

MEMPHIS — Fred’s reported that its November sales rose 4% for the four-week fiscal month period ended Nov. 26.

Total sales were $152.1 million, up from $146.1 million in November 2010. Comparable-store sales for the month rose 1.5% on top of an increase of 4.7% in the same period last year, Fred’s said.

During the month, Fred’s opened five new express pharmacy locations.

"Lapping very strong sales in the year-earlier period and facing an extremely aggressive competitive environment, we are pleased with our overall sales performance for November," Fred’s CEO Bruce Efird said. "Comparable-store sales growth, driven largely by increased customer traffic, continues to reflect the success of our sales and marketing initiatives. Our best-performing Core 5 departments during the month included pet, household supplies, and pharmacy. As Christmas nears, our stores are well stocked and our customers will find great values and strong merchandise selections to finalize their holiday shopping."

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Kmart announces holiday promotion for Shop Your Way Rewards members

BY Allison Cerra

HOFFMAN ESTATES, Ill. — Kmart is boosting its Shop Your Way Rewards program by offering members the opportunity to earn $50 in points to put toward their January 2012 Kmart purchases.

From Dec. 1 to Dec. 24, Shop Your Way Rewards members who purchase $250 or $500 of qualifying Kmart merchandise can earn up to $50 in points to put towards purchases made from Jan. 1 through Jan. 31, 2012.

"At Kmart, we are truly thankful to have such loyal customers, and we want to show our appreciation this holiday season through our Shop Your Way Rewards bonus points offer," Sears Holdings VP marketing planning Andrew Stein said. "We realize the economic situation has made the holidays financially difficult for many, and we hope the 10% back in rewards points can help ease the burden."

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