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Rite Aid rings in $12.9 billion over 26-week fiscal period, up 3.2%

BY Michael Johnsen

CAMP HILL, Pa. — Rite Aid on Thursday reported a 3.2% lift in sales for the 26 weeks ended Aug. 30, ringing in $12.9 billion. 
 
Same-store sales for the period increased 3.6% over the prior-year period. Front-end same store sales increased 0.6%, while pharmacy same store sales increased 5.1%. Prescription count at comparable stores increased 3% over the prior-year period.
 
Prescription sales represented 68.6% of total drug store sales for the 26-week period, and third-party prescription sales represented 97.5% of pharmacy sales.
 
Same-store sales for the 13-week period ended Aug. 30 increased 4.1% over the prior-year period. Front-end same store sales increased 1.1% while pharmacy same store sales increased 5.6%. Prescription count at comparable stores increased 3.7% over the prior-year period.
 
Total drug store sales for the 13-week period increased 3.7% with sales of $6.5 billion. Prescription sales represented 68.8% of total drug store sales.
 
Rite Aid posted sales of $2.5 billion for the five weeks ended Aug. 30, representing a 3.7% lift. Same-store sales increased 3.9% over the prior-year period. August front-end same-store sales increased 1.1%. Pharmacy comparable sales, which included an approximate 219 basis points negative impact from new generic introductions, increased 5.2%. Prescription count at comparable stores increased 3.7% over the prior-year period.
 
Prescription sales accounted for 69.3% of drug store sales.
 
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Costco sees increase in August, Q4 net sales

BY Antoinette Alexander

ISSAQUAH, Wash. — Costco reported on Thursday a boost in net sales for August and the fourth quarter.

During the month of August, net sales were $8.8 billion, an increase of 10% from $8 billion during the similar period last year. Same-store sales in the United States increased 7%.

For the 16-week fourth quarter, the company reported net sales of $34.8 billion, an increase of 9% from $31.8 billion in the year-ago period. Same-store sales in the United States increased 6%.

For the 52-week fiscal year ended Aug. 31, Costco reported net sales of $110.2 billion, an increase of 7% compared with the year-ago period. U.S. same-store sales rose 5%.
 

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Alliance Data Systems to provide co-brand and private-label credit card services for Meijer

BY Michael Johnsen

DALLAS — Alliance Data Systems on Thursdy announced it has signed a multi-year agreement to provide co-brand and private-label credit card services for Meijer.
 
Alliance Data will provide credit card marketing services for the Meijer store-branded credit card and the Meijer Platinum MasterCard, which will offer cardmembers the opportunity to accrue Meijer Rewards points for every dollar spent at Meijer, Meijer gas stations and Meijer.com, as well as on all other purchases made with the card. The accrued points allow customers to earn certificates for discounts on future Meijer purchases. 
 
Alliance Data will also work with Meijer to enhance program features designed to recognize and reward cardmembers, and will leverage its loyalty and mobile marketing capabilities to further support one-to-one customer engagement and increase value to cardmembers. 
 
Additionally, Alliance Data signed an agreement to acquire Meijer's existing portfolio of co-brand and private label credit card accounts. Details of the purchase price will not be disclosed, other than to note it is well within norms of the industry, Alliance Data reported. Alliance Data believes that the performance of the acquired portfolio will be consistent with traditional expectations. 
 
The transaction is scheduled to close before the end of 2014, subject to customary closing conditions.  
 
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