After years of trying to expand its online presence through organic growth, giant drug store chain Walgreen has decided to buy a bigger Web footprint, acquiring drugstore.com, the country’s eighth-largest e-tailer — and it’s p…
Not everyone is happy about the mild start to the cold-and-flu season. The nation’s drugstore chains, already under pricing pressure from Walmart and each other, would be happier if the rest of us had coughs and sniffles. Here are bull and bear cases for the three big chains. [Video]
Continue reading Face-Off on Stocks: Walgreen, CVS, Rite Aid [Video]
Face-Off on Stocks: Walgreen, CVS, Rite Aid [Video] originally appeared on DailyFinance on Wed, 22 Dec 2010 16:00:00.
Filed Under: Investing, Stock Picks, Video
Holiday sales are historically make-or-break for many retailers, and every year, several break — and even go out of business. Others make large cuts in their store numbers and employees. 24/7 Wall St. combed through the number…
Holiday sales are historically make-or-break for many retailers, and every year, several break — and even go out of business. Others make large cuts in their store numbers and employees. 24/7 Wall St. combed through the number…
Rite Aid Corporation (RAD) announced a quarterly loss of 23 cents per diluted share, compared to a loss of 14 cents per share a year earlier, thanks to refinancing costs and falling revenues.
Revenue for the quarter ending Aug. 28 was $6.2 billion, compared with $6.3 billion a year earlier, the company said in a statement. Same store sales fell 1.5%.
The net loss included a charge…
Continue reading Rite Aid Earnings Highlight Another Rough Quarter
Rite Aid Earnings Highlight Another Rough Quarter originally appeared on DailyFinance on Thu, 23 Sep 2010 08:16:00.
Filed Under: Company News, Economy, Health Care, Retail