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Coming off strong Q1, Walgreens' Dec. sales grow
DEERFIELD, Ill. - Shortly after announcing a record-setting first quarter last month, Walgreens reported that its December sales rose 7.5% to $6.8 billion.
The chain said that Duane Reade stores, which Walgreens acquired in April 2010, contributed 2.5 percentage points.
Meanwhile, Walgreens also raked in a 9.5% increase for its total front-end sales, thanks to a spike in customer traffic and basket size. Pharmacy sales for the chain, which accounted for 58.6% of total sales for the month, saw a 6% boost.
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La Colombe Torrefaction signs Center City lease
Plymouth Meeting, Pa. -- Fameco Real Estate, L.P. said that coffee retailer La Colombe Torrefaction has signed a lease for 1,230 sq. ft. at The Residences at the Ritz Carlton, in Philadelphia.
The new location is slated to open April 2011 and will complement La Columbe’s other location on Rittenhouse Square, also in Philadelphia.