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Walgreens sees lift in June comp sales
DEERFIELD, Ill. — Walgreens reported June sales of $5.8 billion, an increase of 2.5% from the same month in fiscal 2012.
June pharmacy sales increased by 2.9%, while comparable store pharmacy sales increased 3.3% and increased by a calendar day-shift adjusted 560 basis points. This year's June had one additional Sunday and one fewer Friday compared with June 2012, Walgreens reported. Calendar day-shift adjusted comparable store pharmacy sales were negatively impacted by 280 basis points due to generic drug introductions in the last 12 months.
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Men’s Wearhouse to suit up the unemployed
FREMONT, Calif. — Men’s Wearhouse is looking to find new homes for used men’s and women's business attire, including suits, and in the process, looking to generate foot traffic to its stores.
The company has launched its sixth annual National Suit Drive and has set a goal to collect 150,000 gently used professional clothing items through July 31, to donate to unemployed men and women who are trying to re-enter the workforce.