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Rite Aid sees sales rise across board for June
CAMP HILL, Pa. — Same-store sales at Rite Aid increased by 1.8% in June, the retail pharmacy chain said Thursday.
During the four-week period ended June 25, front-end sales were up 1.5% over the same period last year, while pharmacy sales increased by 1.9%, including a reduction of about 163 basis points due to new introductions of generic drugs.
Total drug store sales for the month increased 1% to $1.93 billion, compared with $1.91 billion in June 2010.
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Study: Retailers Eye Consumer Behavior as Economy Evolves
With sales experiencing the peaks and valleys of a slowly recovering economy, retailers are watching their customers even closer than ever.
According to a study by accounting and consulting firm BDO USO, LLP, New York City, retailers have been less concerned in 2011 about consumer confidence and spending and, instead, are more watchful of consumer demand and interest.