FINANCE

Rite Aid same-store sales climb

BY Dan Berthiaume

Camp Hill, Pa. – Rite Aid reported a same-store sales increase of 2.1% for October 2013 as compared to the same month in the prior year. Front-end same-store sales actually decreased 0.6%, but gains of 3.4% in pharmacy same-store sales and a 1.1% jump in prescription count drove the total growth.

The company estimates that the cycling of the impact of pre-storm sales on prior year’s results had a negative impact of 1.4% on front-end same store sales results and 0.3% on comparable store prescription count growth, as prior year results benefited from an increase in sales in the days immediately preceding Superstorm Sandy. Rite Aid anticipates that the cycling of the impact of Superstorm Sandy will have a positive impact on November’s sales results.

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REAL ESTATE

Dick’s Sporting Goods opens three new stores, one remodeled store Nov. 8

BY Dan Berthiaume

Pittsburgh – Dick’s Sporting Goods will open three new stores and one remodeled store on Nov. 8. The new stores will be located at Newport Pavilion in Newport, Ky., Bartonsville Square in Stroudsburg, Pa., and South County Mall in South County, Mo.

Dick’s will also open its newly remodeled store in Saratoga Springs, NY on Sunday, Nov. 10.

The new stores will mark Dick’s 10th store in Kentucky, 37th store in Pennsylvania, and 13th store in Missouri. Dick’s will operate 555 stores in the U.S. as of Nov. 10.

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REAL ESTATE

Lane Bryant opens two new stores, refreshes two stores Nov. 1

BY Dan Berthiaume

Columbus, Ohio – Lane Bryant opened four new stores on Nov. 1. The stores are located at University Mall in Carbondale, Ill., and Bey Lea Plaza in Toms River, N.J.

The retailer also opens two refreshed stores on Nov. 1, at Pavilion Center in Dallas and Las Palmas Marketplace Shopping Center location in El Paso, Texas.

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