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Fred's sees improvements in August
Just two days after reporting second-quarter results, Fred's posted August results. Improved sales and traffic in the month were driven, according to CEO Bruce A. Efird, by initiatives that the company implemented for the first time in August.
Total sales for the month increased 6% to $147.6 million from $139.4 million in August 2013. Comparable store sales for the month increased 2.3% compared with flat store sales in the same period last year.
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Rite Aid sees lift in August sales
Rite Aid reported a 3.2% lift in sales for the 26 weeks ended Aug. 30, ringing in $12.9 billion.
Same-store sales for the period increased 3.6% over the prior-year period. Front-end same store sales increased 0.6%, while pharmacy same store sales increased 5.1%. Prescription count at comparable stores increased 3% over the prior-year period.
Prescription sales represented 68.6% of total drug store sales for the 26-week period, and third-party prescription sales represented 97.5% of pharmacy sales.
to design innovative products for female athletes and athletic females.