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Rite Aid’s same-store sales edge up 0.5%

BY Alaric DeArment

CAMP HILL, Pa. — Rite Aid’s same-store sales for April increased by 0.5%, compared with April 2010, the pharmacy retailer said Wednesday.

This included a 0.4% decrease in sales at the front end and a 1% increase in pharmacy sales, offset by 133 basis points due to new introductions of generic drugs. Prescription count at comparable stores increased by 0.7%.

Total store sales decreased by 0.4% to $1.95 billion, compared with $1.96 billion in April 2010. Prescription revenue accounted for 68.3% of sales, while third-party prescription revenue accounted for 96.5% of pharmacy sales.

Year-to-date same-store sales for the eight weeks ended April 23 increased by 0.2%, including a 1.1% decrease in front-end sales and a 0.9% increase in pharmacy sales, while prescriptions filled at comparable stores increased by 0.6%. Rite Aid’s fiscal year 2010 ended Feb. 26.

Also during that period, total store sales decreased by 0.7% to nearly $3.91 billion, compared with $3.93 billion during the same period last year. Prescription revenue accounted for 68.8% of total store sales, while third-party prescription revenue accounted for 96.5% of pharmacy sales.

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ECRM launches new website

BY Allison Cerra

CLEVELAND — Efficient Collaborative Retail Marketing, known to industry executives as ECRM, announced the launch of its updated website.

The new site offers retailers and suppliers a unique approach to conducting business by incorporating social media to facilitate communication among Efficient Program Planning Session, or EPPS, event attendees and MarketGate users, ECRM said.

To view the revamped site, visit ECRM.MarketGate.com.

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Target chills with green refrigeration

BY DSN STAFF

MINNEAPOLIS — Target announced that it will adopt green refrigeration technologies in its stores as part of its new membership in the U.S. Environmental Protection Agency’s GreenChill program.

"Target is excited to join the GreenChill partnership and extend our sustainability initiatives to the refrigeration systems in our stores," said Dan Riley, VP property development operations for Target. "We are committed to reducing our carbon footprint by forging new partnerships, achieving milestones in our business and progressing toward our sustainability goals. Today’s announcement represents an important step in reducing Target’s refrigeration emissions."

By joining the GreenChill program, Target will be able to utilize an industry benchmarking system and obtain greater access to EPA research.

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