Rite Aid Is Up In Front For January
Monday February 4th, 2013 - 7:24PM
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For the four weeks ended January 26, Rite Aid Corp. announced that comparable store sales increased 0.3% over the prior-year period. January front-end comps, including general merchandise, increased 4.2% with 2.4 percentage points generated by flu-related over-the-counter products, the company stated.
Pharmacy comps, which included an approximate 665 basis points negative impact from new generic introductions, slipped 1.4%, Rite Aid noted. Prescription count at comparable stores increased 5% over the prior-year period, the company related, of which 3.4 percentage points were attributable to flu-related prescriptions and flu shots.
Total drug store sales for the four-week period fell 0.5% to $1.91 billion versus the month last year, Rite Aid stated. Prescription sales accounted for 68.9% of drug store sales, the company noted.
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
With all the color that has been unleashed on the housewares business this year, asking what the hot colors are is not enough. It’s more important to understand why they might be hot and how they can be applied to generate sustained revenue.