first quarter

Rite Aid Loss Grows In Q1

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.

Hudson’s Bay Implements Reorganization Plan

Following a first quarter in which retail sales were down low-single digits, Hudson’s Bay has named a new president of its Canadian division and is implementing a “transformational plan” that includes reducing 2,000 positions company wide.

Fred’s Q1 Sales Down

As Fred’s continues to see improvements in pharmacy sales and a positive impact from front of store remodels, these factors were still not enough to allow the company to grow sales in the first quarter.

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