Rite Aid Posts Higher January Front End Comps, Prepares New D.C.

Rite Aid Corp. reported sales results for January including a comparable store sales increase of 4.8% over the prior-year period. January front-end comps, including those for general merchandise such as home goods, gained 2.9%.

Total drug store sales for the four-week month increased 4.3% to $2.03 billion. Prescription sales accounted for 70.3% of drug store sales.  

In addition to sales January sales results, Rite Aid also announced plans to build a 900,000 square foot distribution center in Spartanburg, SC. The new facility will support the inventory and fulfillment needs of approximately 1,000 Rite Aid stores in the southeastern United States, the company maintained. The Spartanburg distribution center, a $90 million investment, will be Rite Aid’s first new distribution facility in 15 years, noted the company.

In April 2014, Rite Aid revealed, after a comprehensive review of its supply chain and logistics network, that it would consolidate three of its existing distribution centers, located in Tuscaloosa, AL, Charlotte, NC, and Poca WV, into one new facility as part of its ongoing efforts to improve corporate operating efficiency.