As Rite Aid completed a store purchase deal with Walgreens and appointed a new president, the drug store chain saw its comparable store sales decline in the second quarter.
comparable store sales
Conn’s said that Hurricane Harvey’s impact will hit third quarter results. In its second quarter, the retailer saw comps decline although it did post a profit.
Fred’s pointed to sales improvement in its second quarter, although the drug store retailer’s wider net loss was impacted by the failed acquisition of certain Rite Aid stores.
Dollar General pointed to higher customer traffic as driving a comparable store sales gain in the second quarter.
With its acquisition by a private equity firm pending, Staples’ comps slipped in the second quarter, although the office superstore did post a profit.
It was another strong quarter for Ross Stores, as the off-price retailer posted gains in overall sales, comps and earnings.
Rite Aid reported a challenging first quarter with a deeper net loss, following the scrapped merger deal with Walgreens, and the formation of a new pending agreement to sell about half its stores to its drug store rival.
As Walgreens Boots progresses on its new plan to acquire 2,186 Rite Aid stores, the company reported net earnings and sales gains in its third quarter.
For the fiscal month of June, the five weeks ended July 2, Costco Wholesale Corp. posted net sales of $12.17 billion, up 7% from the period last year.