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Rite Aid sees sales rise across board for June
CAMP HILL, Pa. — Same-store sales at Rite Aid increased by 1.8% in June, the retail pharmacy chain said Thursday.
During the four-week period ended June 25, front-end sales were up 1.5% over the same period last year, while pharmacy sales increased by 1.9%, including a reduction of about 163 basis points due to new introductions of generic drugs.
Total drug store sales for the month increased 1% to $1.93 billion, compared with $1.91 billion in June 2010.
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Bigger push into men's grooming may mean more dollars for retailers
WHAT IT MEANS AND WHY IT'S IMPORTANT — Does Family Dollar's expansion of health and beauty items, which contributed to its overall inventory growth during the third quarter, and Ulta's plan to create men's grooming boutiques within most of its nearly 400 stores mean a new competitive threat for drug stores?
(THE NEWS: Inventories swell as Family Dollar boosts beauty. For the full story, click here.)