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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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Organic online grocery start-up has Costco-like business model
Thrive Market, a fast-growing fee-based online retailer that sells organic groceries, is expanding. According to TechCrunch, the company offers members wholesale prices and two-day shipping for $1.95 per order, or free for orders of more than $49. To read more, click here.

