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Retail News

Jean Coutu reports uptick in sales, earnings

Despite the deflationary impact of new generic drugs, Jean Coutu Group posted a slight revenue and same-store sales gains for its fiscal 2014 first quarter, while adjusted earnings were in line with analysts’ forecast.

Comp-store sales edge up at Rite Aid

Rite Aid Corp. reported an uptick in comparable-store sales for June after posting a decline the previous month. The drug chain said Wednesday that for the four weeks ended June 29, same-store sales rose 0.7% year over year. The result marked a gain from a 1.5% decrease in May and continued

Sales rise in June at Walgreens

Walgreen Co. saw its comparable-store sales stay on the upside in June. Walgreens said Wednesday that comp-store sales rose 2.3% in June, reflecting negative impacts of 1.5 percentage points from calendar day shifts (one extra Sunday and one fewer Friday) and 1.

Key health reform rule suspended for a year

The Obama administration is giving larger employers another year to comply with the Patient Protection and Affordable Care Act (ACA) mandate that they provide health insurance coverage for their workers or pay a penalty.

Rite Aid completes debt refinancing

Rite Aid Corp. has wrapped up transactions aimed at refinancing more than $800 million of debt. The drug chain said Tuesday that it has closed an offering of $810 million of its 6.75% unsecured senior notes due in 2021. The debt offering was announced June 18. Along with cash and/or borrowings