News

Rite Aid reports increased monthly same-store sales

BY Alaric DeArment

CAMP HILL, Pa. Rite Aid experienced same-store sales increases last month, the chain announced Thursday.

For the five-week period ended May 31, Rite Aid posted an increase of 1.3 percent compared with the year-ago period. Total drug store sales during that period totaled $2.5 billion, a 47.9 percent increase over last year’s $1.7 billion.

Sales during the 13-week quarter ending May 31 increased by 1.5 percent, while pharmacy same-store sales increased by 1.4 percent, and front-end same-store sales increased by 1.7 percent. Total drug store sales for the quarter were $6.6 billion, a 48.5 percent increase.

Sales figures did not include those from Brooks-Eckerd stores. Rite Aid acquired the Brooks-Eckerd chain in June of last year and will not factor it into same-store sales until it releases figures for this month.

Rite Aid operates 5,004 stores in 31 states and the District of Columbia, making it one of the country’s largest drug store chains.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

Hallmark announces layoff of 335 workers

BY Alaric DeArment

NEW YORK Hallmark Cards will lay off 335 workers in the U.S. and Canada between now and March 2009, the company announced Wednesday.

The Kansas City, Mo.-based company is consolidating its greeting-card manufacturing, though will keep other areas of the business intact. It has already laid off 195 workers at its manufacturing plant in Toronto. It will gradually lay off 80 more workers from its plant in Siloam Springs, Ark., and 60 workers at its plant in Bloomington, Ind., starting later this year.

It will then move equipment to plants in Topeka and Lawrence, Kan., and also outsource some manufacturing to Asia and Mexico.

The company experienced high growth rates and $4.4 billion in revenue worldwide in 2007.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

Wal-Mart May sales up 9.8 percent

BY DSN STAFF

BENTONVILLE, Ark. Wal-Mart Stores reported that total company sales for May increased 9.8 percent to $31 billion from $28 billion for the same period last year. Total U.S. comparable-store sales for the month (excluding fuel) increased 3.9 percent.

Tom Schoewe, executive vice president and chief financial officer said the company estimated June U.S. comps (excluding fuel) to increase between 2 percent and 4 percent. “This guidance represents both the underlying strength of our existing U.S. businesses and the potential benefit from the stimulus checks.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES