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Rite Aid comps increase 2.9% in October
CAMP HILL, Pa. — Same-store sales at Rite Aid increased by 2.9% in October, compared with last October, the retail pharmacy chain said Thursday.
The increase included a 1.3% increase in same-store sales on the front end, as well as a 3.6% increase in pharmacy same-store sales, including a negative offset of about 160 basis points due to the introduction of new generic drugs.
Total sales for the month were nearly $2 billion, a 2.8% increase over October 2010's $1.9 billion.
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OfficeMax profit edges up in Q3 amid declining sales
Naperville, Ill. -- OfficeMax reported Thursday that net income for the quarter ended Sept. 24 rose to $21.5 million, compared with $20 million in the year-ago period.
Sales dipped 2.1% to $1.77 billion from $1.81 billion, barely meeting Wall Street’s expected $1.807 billion. Same-store sales dropped 4.3%.
“We remain focused on driving operational efficiencies as we position the company for long-term growth," said Ravi Saligram, president and CEO, OfficeMax.