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Retail News

Rite Aid reports drop in same-store sales

Citing the shaky economy, among other factors, Rite Aid Corp. in August turned in its third straight month of declined same-store sales. The drug store chain said Thursday that overall same-store sales decreased 1.9% year over year for the five weeks ended August 29. Same-store results had dipped 0.

August same-store sales edge up at Walgreens

August same-store sales edge up at Walgreens

Walgreen Co. saw little change in its same-store sales for August, posting only a small gain due to weak front-end results. The drug store chain said Wednesday that comparable-store sales inched up 1.9% in August, a bit less than the 2% increase in July. On the front end, same-store sales dipped 1.

Shoppers Drug Mart readies first Murale store in Toronto

Shoppers Drug Mart Corp. this week plans to open its first Murale prestige beauty store in Toronto. The Canadian drug store chain said Tuesday that the store, its third Murale unit, is scheduled to open its doors on Friday, September 4. It will be located in the Shops At Don Mills shopping center.

Cardinal Health finishes CareFusion spin-off

Cardinal Health Inc. said Tuesday that it has completed the spin-off of its Clinical and Medical Products business, now a new public company called CareFusion Corp. As of Tuesday, CareFusion common stock began trading under the symbol "CFN" on the New York Stock Exchange.

Walgreens, CVS among top retail web sites

Walgreen Co. and CVS Caremark Corp. were among the top 25 most-trafficked retail web sites last month and, as in the brick-and-mortar arena, the chains are battling it out for online customers, according to online marketing firm Compete. In July, Walgreens.com came in No.

Rite Aid founder Alex Grass dies

Alex Grass, who founded Rite Aid Corp. nearly 50 years ago, died late Thursday night at age 82 after a lengthy battle with lung cancer, according to published reports. Grass stepped down as chairman and chief executive officer of Rite Aid in 1995. He launched the retailer in the early 1960s

NACDS, Delaware reach accord on Medicaid Rx reimbursement

NACDS, Delaware reach accord on Medicaid Rx reimbursement

The National Association of Chain Drug Stores has dropped a lawsuit against Delaware after the state’s Department of Health and Social Services agreed to restore much of the funding that would have been lost due to rate cuts in Medicaid pharmacy reimbursements.