Ralphs Introduces $4 Generic Drugs
Los Angeles Ralphs will begin offering pharmacy customers generic drugs for $4 per prescription at its stores in Southern California.
The $4 price will apply to hundreds of generic drugs prescribed for 30-day supplies and will be available at 90 pharmacies in Ralphs stores throughout Southern California. The $4 prescriptions are available in Ralphs pharmacies and for online and telephone orders for customers to pick up in-store.
Charming Shoppes: Directors should be re-elected
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.
Rite Aid March comps up 2.6%
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.