FINANCE

GE Capitol is co-collateral agent on $1.65 billion credit facility for Supervalu

BY Staff Writer

Norwalk, Conn. — GE Capital, Corporate Retail Finance announced it is co-collateral agent on a $1.65 billion asset-based credit facility for Supervalu Inc.

The loan will be used for working capital needs and to refinance existing debt. GE Capital Markets served as joint lead arranger and joint bookrunner.

“This financing will provide Supervalu with more financial flexibility as we execute our business turnaround.” said Sherry Smith, executive VP and CFO of Supervalu.

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News

Rite Aid comps increase 0.4% in August

BY CSA STAFF

CAMP HILL, Pa. — Rite Aid posted a 0.4% increase in same-store sales for the month of August, the retail pharmacy operator said Wednesday.

The increase included a 2.4% increase in front-end comps and a 0.6% decrease in pharmacy comps. Total store sales for the five-week period that ended Saturday were roughly $2.41 billion, a 0.4% decrease from last year’s $2.414 billion. Same-store prescription count increased by 4.5%.

For the 13 weeks that ended Saturday, comps were flat, compared with the same period last year, including a 1.4% increase in front-end comps and a 0.7% decrease in pharmacy comps. Total store sales decreased 0.7%, to $6.21 billion, compared with $6.25 billion last year. Same-store prescription count increased by 4%.

For the 26-week period ended Saturday, comps increased by 1.2%, including a 2% increase in front-end comps and a 0.8% increase in pharmacy comps. Total store sales increased by 0.5%, to $12.646 billion, compared with $12.581 billion last year. Same-store prescription count increased by 3.5%.

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FINANCE

Rite Aid same-store sales up 0.4% in August

BY Staff Writer

Camp Hill, Pa. — Rite Aid posted a 0.4% increase in same-store sales for the month of August.

The increase included a 2.4% increase in front-end comps and a 0.6% decrease in pharmacy comps.

Total store sales for the five-week period that ended Saturday were $2.406 billion, a 0.4% decrease from last year’s $2.414 billion. Same-store prescription count increased by 4.5%.

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