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CPG Holiday Forecast: Humbug sales, with only 2.9% growth
New Canaan, Conn. -- Continuing a two-year slide in retail spending momentum, American shoppers will generate only a lackluster 2.9% rise in holiday sales, according to Customer Growth Partners’ 13th Annual Holiday Forecast. The CPG report paints a scenario that is decidedly less cheery than some of the other holiday forecasts that have been released to date.
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Rite Aid sees comps increase in October
Rite Aid's same-store sales increased by 2.1% this month compared with October 2012. The pharmacy chain also issued an estimate of the negative effects of Hurricane Sandy on its sales.
The increase included a 0.6% decrease in front-end same-store sales and an increase in pharmacy same-store sales of 3.4%, which were lowered by 0.85% due to introductions of new generic drugs. Same-store script count increased by 1.1%. Total sales for the month were $1.961 billion, a 2.2% increase over October 2012. The chain currently operates 4,599 stores.