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Cullinan appoints direct of leasing in Chicago office
Peoria, Ill. — Cullinan has announced the appointment of Victor Ambrosio and VP, director of leasing in the company’s Chicago office. In his new role, Ambrosio will direct Cullinan’s leasing, sales and marketing functions and manage third party broker relationships.
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Rite Aid swings to Q2 profit; lifts view
Camp Hill, Pa. -- Rite Aid Corp. reported that it swung to profit in the second-quarter profit, fueled by increased sales and stronger margins. The drugstore chain raised its full-year forecast.
Rite Aid reported a profit of $32.8 million for the quarter ended Aug. 31, compared with a year-earlier loss of $38.8 million. It was the chain’s fourth-straight quarterly profit.
Sales for the quarter were $6.3 billion, up from $6.2 billion in the year ago period. Same-store sales were up by 1%,