More Retailers Aid Hurricane Harvey Victims
More retailers are coming to the aid of Southeast Texas and Louisiana as residents of the region work to recover from Hurricane Harvey.
More retailers are coming to the aid of Southeast Texas and Louisiana as residents of the region work to recover from Hurricane Harvey.
Second quarter net revenue at CVS was up 4.5% as growth in the company’s pharmacy services segment offset declines in comparable store-based pharmacy sales and front end sales.
Fred’s has appointed Jason Jenne as evp/chief financial officer. He succeeds Rick Hans, who is stepping down from the company to pursue other opportunities.
Rite Aid reported a challenging first quarter with a deeper net loss, following the scrapped merger deal with Walgreens, and the formation of a new pending agreement to sell about half its stores to its drug store rival.
As Walgreens Boots progresses on its new plan to acquire 2,186 Rite Aid stores, the company reported net earnings and sales gains in its third quarter.
Walgreens and Rite Aid have terminated their merger agreement. The decision to terminate the merger agreement follows feedback on the merger’s prospects received from the Federal Trade Commission, Rite Aid said. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission’s clearance to complete the merger.
General Colin Powell will keynote the upcoming National Association of Chain Drug Stores Total Store Expo.
As Fred’s continues to see improvements in pharmacy sales and a positive impact from front of store remodels, these factors were still not enough to allow the company to grow sales in the first quarter.
As the retailers continue to pursue their merger deal, Walgreens Boots Alliance and Rite Aid Corp. have certified substantial compliance with the “Request for Additional Information” issued by the United States Federal Trade Commission.
Fred’s reported a soft first quarter, although the retailer saw some improvement in its April results.