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Rite Aid’s sales, comps increase in November

BY Alaric DeArment

CAMP HILL, Pa. — Rite Aid’s same-store sales increased by 2.8% in November, the retail pharmacy chain said Thursday.

The increase included a 0.4% increase in front-end same-store sales and a 3.9% increase in pharmacy same-store sales, offset by 0.81% due to new generic drugs, which can reduce sales because of their lower price, but are good for a pharmacy retailer’s margins. Same-store scripts increased by 0.1%.

Total sales for November were $2.434 billion, a 1.6% increase compared with the same period last year.

During the previous 13 weeks, same-store sales increased by 2.3%, including a 0.2% decrease in front-end same-store sales and a 3.5% increase in pharmacy same-store sales. Total sales during the 13-week period were $6.33 billion, compared with $6.21 billion during the same period last year. From the beginning of the year up until Saturday, same-store sales increased by 0.3%, with flat front-end same-store sales and a 0.4% increase in pharmacy same-store sales, as well as a 0.2% increase in same-store scripts. Total sales were $18.84 billion, a 0.1% decrease compared with the same period last year.

The 4,595-store chain also said that last year’s Hurricane Sandy boosted front-end same-store sales by 0.4% while increasing same-store prescription growth by 1.6%.

 

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Dollar General reports 3Q sales increase of 10.5%

BY Michael Johnsen

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported $4.4 billion in sales, up 10.5%, for the company’s third quarter ended Nov. 1. Same-store sales increased 4.4%, with increases in both customer traffic and average transaction value, the dollar store operator reported.

"Dollar General once again delivered strong results in the third quarter, even in the face of an ongoing challenging consumer environment," Rick Dreiling, Dollar General’s chairman and CEO said. "Our merchandising initiatives have continued to be successful in driving traffic and sales," he said. "Looking ahead, while we are cautious on the current macroeconomic trends, we remain excited about the long-term growth prospects for our business."

Consumables sales continued to increase at a higher rate than non-consumables in the 2013 third quarter, with the most significant growth due to strong sales of tobacco products, perishables and candy and snacks. Same-store sales growth was solid in seasonal and home products, while apparel sales were affected by a planned merchandising initiative that reduced apparel inventories in more than 4,000 stores during the 2013 third quarter, Dollar General stated.

 

 

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McKesson announces voluntary takeover offer to acquire Celesio

BY Michael Johnsen

SAN FRANCISCO — McKesson on Thursday announced that the company has launched the voluntary public takeover offer for the outstanding shares of Celesio through its indirect, wholly-owned subsidiary Dragonfly in connection with the announcement on Oct. 24 of McKesson’s agreement to acquire Celesio.

The publication of the offer document for the takeover offer has been approved by the Bundesanstalt für Finanzdienstleistungsaufsicht and is now available on GlobalHealthcareLeader.com in German and in an English translation. 

Celesio shareholders can now accept the takeover offer and tender their shares in Celesio at the offer price of 23 Euros per share ($31.29 per share). The acceptance period will end on Jan. 9.

 

 

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