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Fred Meyer, QFC Introduce $4 Generic Drugs

BY CSA STAFF

Portland, Ore. Fred Meyer Stores and grocery chain QFC will begin offering pharmacy customers some generic drugs for $4 per prescription. Both chains are a division of Kroger Co.

The $4 generic prescriptions will be available at all QFC pharmacies in Washington and Oregon, and at all Fred Meyer pharmacies in Idaho, Oregon and Washington.

The $4 price will apply to more than 300 generic drugs that are prescribed in 30-day supplies for commonly prescribed dosages.

The prescriptions are available in Fred Meyer and QFC pharmacies as well as through online and telephone orders for customers to pick up in a store.

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Charming Shoppes: Directors should be re-elected

BY CSA STAFF

BENSALEM, Pa. Charming Shoppes announced that it has mailed proxy materials to its shareholders calling for the re-election of its chairman, president and ceo, Dorrit Bern, Alan Rosskamm and Jeannine Strandjord.

Charming Shoppes’ annual meeting of shareholders will take place on Thursday, May 8.

 

Charming Shoppes also urged shareholders to reject the three individuals nominated by a dissident shareholder group led by the Crescendo Partners and Myca Partners hedge funds in opposition to Charming Shoppes’ incumbent directors.

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Rite Aid March comps up 2.6%

BY CSA STAFF

CAMP HILL, Pa. Rite Aid reported that total drug store sales for the four weeks ended March 29 increased 50.7% to $2.04 billion as compared to $1.3 billion for the same period last year. Prescription revenue accounted for 67.6% of drug store sales, and third party prescription revenue represented 96.2% of pharmacy sales.

Same-store sales for the month of March increased 2.6 % over the prior-year period. Pharmacy same-store sales increased 1%, which included an approximate 493 basis points negative impact from new generic introductions. Front-end same-store sales were up 5.7%. March same-store sales were positively affected by a shift to a March Easter this year from an April Easter last year, the company reported.

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