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Financial News

  • Consumables, tobacco, BPC see big sales boosts at Family Dollar in FY2013

    MATTHEWS, N.C. — More than 1,000 new and relocated stores and an increase in a partnership with supply chain services firm McLane Co. were among the highlights in fourth quarter fiscal year 2013 at Family Dollar, the discount store chain said Wednesday.

  • Jean Coutu Group profits soar in Q2

    LONGUEUIL, Quebec — The Jean Coutu Group reported sales of C$653.8 million in second quarter 2014, compared with C$658.7 million in second quarter 2013.

  • Revlon completes acquisition of Colomer Group

    NEW YORK — Revlon on Wednesday announced that its wholly-owned operating subsidiary, Revlon Consumer Products, completed its previously disclosed acquisition of the Colomer Group, including the Revlon Professional business, for a cash purchase price of $665 million.

  • Harris Teeter shareholders approve proposed Kroger merger agreement

    MATTHEWS, N.C. — Harris Teeter Supermarkets on Thursday announced that Harris Teeter’s shareholders overwhelmingly voted to approve the previously announced merger agreement among Harris Teeter, Hornet Acquisition and Kroger. Approximately 98.6% of the votes cast during the day's special meeting were voted in favor of the merger agreement, representing approximately 82.5% of Harris Teeter’s outstanding common stock as of Aug. 22, 2013, the record date for the special meeting. 

  • Green Equity Investors exchanges nearly 1.9 million shares of Rite Aid preferred stock for common stock

    CAMP HILL, Pa. – A private equity firm that is a major Rite Aid shareholder has exchanged its preferred stocks for common stock, according to a regulatory filing.

  • NRF predicts 4% holiday sales increase this season

    WASHINGTON, D.C. — The National Retail Federation expects sales in the months of November and December to increase 3.9% to $602.1 billion, up slightly from last year’s actual 3.5% holiday season sales growth. The forecast is higher than the 10-year average holiday sales growth of 3.3%.

  • Rite Aid comps increase 1.9% in September

    CAMP HILL, Pa. — Rite Aid's same-store sales increased last month despite being offset by slightly lower front-end same-store sales and new generic drug introductions, the retail pharmacy chain said Thursday.

    During the four-week period that ended Saturday, same-store sales increased 1.9% compared with September 2012. The increase included a 0.5% decrease in front-end comps and a 3.1% increase in pharmacy comps, offset by 1% due to new generics. Same-store prescription count increased by 0.9%.

  • Walgreens posts September comp sales gain of 7.4%

    DEERFIELD, Ill. — Walgreens on Thursday posted September sales of $5.9 billion, an increase of 8% as compared with the same month in fiscal 2013.

    Total front-end sales increased 4.1%, while comparable store front-end sales increased 2.9%. Customer traffic in comparable stores decreased 0.8% while basket size increased 3.7%.

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