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Rite Aid September Front End Sales Strong Tuesday October 9th, 2012 - 3:17PM
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 For the four weeks ended September 29, Rite Aid Corp. overall comparable store sales decreased 0.7% over the prior-year period, the company announced. However, September front-end comps, including general merchandise such as housewares, increased 2.8%, it noted. Pharmacy comps, which included an approximate 911 basis points negative impact from new generic introductions, decreased 2.3%, the company stated. Prescription count at comparable stores advanced by 4.4% over the prior-year period. Total drugstore sales for the four-week period decreased 1.5% to $1.9 billion compared with the month last year. Prescription sales accounted for 67.8% of drugstore sales, Rite Aid related. Tags: Housewares Cookware & Bakeware Vacuum Cleaners/Electric Cleaning Health & Personal Care Home Décor Home Environment Small Electrics Organization & Cleaning Tabletop Gadgets & Kitchen Tools Retail Financials |
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Dissecting what Ron Johnson got wrong during his brief, calamitous term at the helm of J.C. Penney is sure to be the focal point of retail strategy and tactics lessons for years to come. But Penney’s future could still hinge to some extent on what he got right.
