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Study: Dollar store boom good for retail landlords
Seattle -- The combined store count of the four national dollar store (or extreme value) chains — Dollar General, Dollar Tree, Family Dollar and 99 Cents Only — has now surpassed that of the three biggest national drugstore chains (Walgreens, CVS, and Rite Aid), according to a new report by Colliers International, the third-largest commercial real estate services company in the world.
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Walgreens November sales up 4.2%
Deerfield, Ill. -- Walgreens reported that for November same-store sales rose 1.8% while total sales climbed 4.2% to $6.09 billion, from $5.84 billion in the year-ago period.
Comparable pharmacy sales rose 1.2%, while total pharmacy sales rose 3.4%.
Total sales for the first quarter of fiscal 2012, which ended Nov. 30, were $18.16 billion, up 4.7% from $17.34 billion in the first quarter of fiscal 2011. Same-store sales increased 2.5%, while front-end comp-sales for the quarter also increased 2.5%.