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Rite Aid July same-store sales rise

BY Dan Berthiaume

Camp Hill, Pa. – Same-store sales increased 4.6% at Rite Aid Corp. in July 2014. Total drugstore sales for the four-week period increased 4.1% to $1.97 billion, compared to $1.9 billion for the same period the prior year.

July front-end same-store sales increased 1.5%. Pharmacy same-store sales increased 6%. Prescription count at comparable stores increased 3.9% from the prior-year period.

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Havertys net income stays flat in Q2

BY Dan Berthiaume

Atlanta – Havertys reported essentially flat net income growth in the second quarter of fiscal 2014. Net income was $4.82 million, compared to $4.83 million in the second quarter of the prior fiscal year.

Net sales rose 2.5% to $175.13 million, from $171.11 million. Same-store sales climbed 3.2%.

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Susser Holdings to vote on Energy Transfer Partners purchase Aug. 28

BY Dan Berthiaume

Corpus Christi, Texas — Susser Holdings Corp. has set a date for a special meeting of its stockholders to consider and vote on the previously announced proposed acquisition of Susser Holdings by Energy Transfer Partners L.P. (ETP) and certain other matters. The special meeting will be held on Aug. 28, at Susser’s corporate offices.

Susser Holdings stockholders of record as of July 22, 2014, are entitled to vote at the special meeting. The proposed acquisition is subject to approval by Susser’s stockholders and certain other customary closing conditions.

Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of ETP and Susser, stockholders of Susser Holdings will have the option to elect to receive either cash, ETP stock, or a combination of both, for each share held.

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