Rite Aid promotes Robert Thompson to Northeast svp
CAMP HILL, Pa. Rite Aid on Thursday announced that Robert Thompson, formerly Rite Aid vice president, pharmacy business development, has been promoted to senior vice president of the Northeast division where he will supervise operations of more than 1,000 stores.
“We are fortunate to have Robert in this new position because he brings a breadth of experience to the job with his background in pharmacy, store operations and new business development,” Brian Fiala, Rite Aid executive vice president of store operations, stated. “His recent experience integrating our newly acquired stores will be particularly valuable since so many of them are located in the Northeast.”
Thompson, 54, joined Rite Aid in 2004 and has been integrally involved in planning and implementing Rite Aid’s integration of the recently purchased Brooks and Eckerd drugstore chains.
Thompson will report to Fiala.
Thompson started his chain drug career in 1978 as a practicing pharmacist with Revco, a former drug store chain operating 2,600 stores. He climbed the ranks to store manager, district manager, director of store operations and regional director of pharmacy operations. In 1995, he was named vice president, pharmacy operations for Revco.
MinuteClinic opens 500th unit
MINNEAPOLIS MinuteClinic, which is owned by CVS Caremark, has opened its 500th clinic with the addition of three new centers in Dallas, Los Angeles and Orlando, Fla.
MinuteClinic, which has a clinic network that expands to 25 states, expects to open 150 to 250 additional locations in 2008.
“We’re proud to have seen more than 1.8 million patient visits since our inception,” stated Michael Howe, MinuteClinic chief executive officer. “This reflects both the growth in our number of clinics, as well as the enthusiastic adoption of this model of care by consumers.”
Costco Q2 sales up 12 percent
ISSAQUAH, Wash. Costco Wholesale today announced that net sales for the second quarter of fiscal 2008 increased 12% to $16.62 billion, from $14.8 billion during the second quarter of fiscal 2007. Net sales for the first half of fiscal 2008 increased 12% to $32.09 billion, from $28.66 billion during the first half of fiscal 2007.
For the second quarter, Costco’s total comps were up 7%. For the first half of 2008, compas were up 7%. The U.S. comparable sales figure includes, among other things, the effect of recent gasoline price inflation, with the average sales price per gallon of gasoline up 29% year-over-year for the quarter. Excluding this, U.S. comparable sales in the second quarter would have been 3% (instead of the 5% reported).
Net income for the second quarter of fiscal 2008 was $327.9 million, or 74 cents per diluted share, compared to $249.5 million, or 54 cents per diluted share, during the second quarter of fiscal 2007. Net income for the first half of fiscal 2008 was $589.8 million, or $1.33 per diluted share, compared to net income for the first half of fiscal 2007 of $486.4 million, or $1.05 per diluted share.