FINANCE

Rite Aid Foundation donates $15,000 to Red Cross tornado relief efforts

BY Alaric Dearment

Camp Hill, Pa. — In the wake of tornadoes that hit communities in Kentucky on Friday, retail pharmacy chain Rite Aid has donated to a local Red Cross chapter to assist victims.

The company said Sunday that the Rite Aid Foundation, its philanthropic arm, had donated $15,000 to the Bluegrass chapter of the American Red Cross. The foundation also will provide supplies and items to assist with disaster relief efforts. Eli Lilly Foundation also pledged to donate $100,000 to the Red Cross.

"We are extremely grateful for the immediate support of the Rite Aid Foundation," American Red Cross Bluegrass Chapter director of development Winn Stephens said. "Thanks to their generosity, the Red Cross will be able to provide much-needed help and hope to those who need it most."

According to media reports, at least 38 people died Friday and Saturday as an outbreak of severe thunderstorms and tornadoes swept across a area that included Kentucky, Indiana, Alabama and Georgia.

keyboard_arrow_downCOMMENTS

Leave a Reply

F.Reviews says:
Aug-04-2012 06:21 am

In times like this, everybody
In times like this, everybody should help each other. Glad that there are helping hands offering when situations get worse. FXDD Reviews

F.Reviews says:
Aug-04-2012 06:21 am

In times like this, everybody should help each other. Glad that there are helping hands offering when situations get worse. FXDD Reviews

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Stop & Shop donated more than $22 million in 2011

BY Allison Cerra

New York — Stop & Shop announced that its New England and New York Metro divisions and its customers were able to give back more than $22 million in 2011 into the hundreds of communities in which they operate.

The supermarket chain said 2011 was a benchmark year of commitment to alleviating hunger, supporting health and wellness initiatives with emphasis on healthy kids, as well as developing partnerships to support local communities. These accomplishments were achieved through partnerships with Feeding America, the American Red Cross, the Juvenile Diabetes Research Foundation and more, as well as such campaigns as Triple Winner, the chain’s Food for Friends campaign and more.

"Stop & Shop is thankful to have customers, associates, and partners who care about making a difference in the communities we serve," Stop & Shop New England division president Mark McGowan said. "The need is great everywhere — from providing meals to those who are going hungry or ensuring our kids grow to be healthy, productive adults. With the power of all of us coming together, we were able to make a real impact and truly help change lives last year. Stop & Shop cannot thank everyone enough for their unending generosity."

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Walgreens’ overall sales up 1.5% for the month of February

BY Michael Johnsen

Deerfield, Ill. — Higher front-end sales for the month of February helped counter-balance lost revenue from Express Scripts prescriptions, Walgreeens reported Monday. Overall, the drug store chain reported a 1.5% sales increase to $5.9 billion.

Shares of Walgreens were up slightly by 8 cents to $32.77 in early morning trading.

This year’s total February sales benefited from one extra day because of leap year, the company noted. Prescriptions filled at comparable stores decreased 9.5% in February (comp sales do not include that extra day). In addition to Express Scripts, lower incidence of flu negatively impacted comparable store prescriptions filled by 1.2 percentage points.

February pharmacy sales decreased 1.4%, while comparable-store pharmacy sales decreased 8.6%. Comparable-store pharmacy sales were negatively impacted by 2.2 percentage points due to generic drug introductions in the last 12 months, by 2.4 percentage points due to lower incidence of cough, cold and flu and by 10.6 percentage points due to no longer being part of the Express Scripts network.

Additionally, the negative impact on comparable-store prescriptions filled, due to no longer being part of the Express Scripts pharmacy network, was 10.7 percentage points. Prescriptions processed by Express Scripts comprised 12.6% of Walgreens prescriptions in February 2011.

Pharmacy sales accounted for 61.6% of total sales for the month.

Total front-end sales increased 6.9% compared with the same month in 2011, while comparable-store front-end sales increased 2%. Customer traffic in comparable stores was down 0.2% while basket size was up 2.2%.

Flu shots administered at pharmacies and clinics season-to-date were 5.5 million versus 6.3 million last year.

Total sales for the second quarter of fiscal 2012 were $18.6 billion, up 0.7% from the same period a year ago.

Fiscal 2012 year-to-date sales for the first six months were $36.8 billion, up 2.6%. Calendar year-to-date sales were $11.6 billion, a decrease of 0.6%.

Walgreens opened 10 stores during February, including one relocation, and acquired one store.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...