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Rite Aid fiscal 2016 year-end revenue exceeds $30 billion for first time
Rite Aid on Friday reported revenues of $8.3 billion for its fourth quarter ended Feb. 27, representing an increase of 20.8%. Retail Pharmacy Segment revenues were $6.8 billion and decreased 0.3% compared to the prior year period primarily as a result of a decrease in same-store sales. Pharmacy Services Segment revenues were $1.5 billion.
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Discount grocer on fast-track
Aldi is expanding its fledgling footprint in Southern California.
On Thursday, April 21, the grocer will open six stores in Los Angeles County, three in Orange County and one store in San Bernardino County.
The April openings are part of Aldi’s plan to open approximately 45 stores in Southern California by the end of 2016, eight of which opened last month.
Currently, Aldi operates nearly 1,500 U.S. stores in 33 states.

