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Rite Aid same-store sales up 0.4% in August
Camp Hill, Pa. — Rite Aid posted a 0.4% increase in same-store sales for the month of August.
The increase included a 2.4% increase in front-end comps and a 0.6% decrease in pharmacy comps.
Total store sales for the five-week period that ended Saturday were $2.406 billion, a 0.4% decrease from last year's $2.414 billion. Same-store prescription count increased by 4.5%.
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Report: Hudson’s Bay planning IPO
New York -- Hudson’s Bay Co., owner of the Lord & Taylor and The Bay chains, plans to file for an initial public offering, according to The New York Times.
A listing, which is expected to be on the Toronto Stock Exchange, could come this fall, before the end of November, the report said, with as much as 20% of the company being sold to the public.