REAL ESTATE

Rite Aid on track for 300 remodels; equips some associates with iPad technology

BY Marianne Wilson

New York City — Rite Aid has started the rollout of its new wellness store format, with 40 stores completed as of the end of the second quarter (Aug. 27, 2011). It expects to complete a total of some 300 wellness remodels in its current fiscal year, management said during a conference call with investors.

“Our new wellness format is all about empowering our customers in their pursuit of wellness,” Rite Aid president and CEO John Standley said during the call. “Customers are telling us they like the look and feel of these stores, which offer expanded clinical pharmacy services, new health and wellness product offerings and our unique on-site Wellness Ambassadors who serve as a bridge from the front end of the store to the pharmacy.”

Standley added that the “ambassadors” are specially trained to provide customers with information on over-the-counter medications and vitamins and supplements, and are equipped with special iPad technology to assist customers in making decisions based on their individual symptoms and needs.

“Our customers have responded very favorably to this unique service and approach,” he said.

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REAL ESTATE

Dick’s Sporting Goods opening stores in New York and Georgia

BY Staff Writer

Pittsburgh — Dick’s Sporting Goods announced it is opening two stores this week, in Yonkers, N.Y., and Norcross, Ga.

The Yonkers location will be the retailer’s 32nd store in the state of New York and their 458th nationwide. The Norcross location will be the retailer’s fifteenth store in the state of Georgia and their 459th nationwide.

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Citi Trends pulls back on expansion

BY Marianne Wilson

Savannah, Ga. — Citi Trends said Friday that it would cut jobs and open fewer stores than it planned in an effort to save money after losing $10 million in the second quarter. The company said it would open new stores only where it had already made commitments, resulting in about 55 new locations in 2011 and five in 2012.

The company also said it would cut 40 jobs at its stores, distribution centers and corporate offices in Savannah, Ga.

Citi has lost money in three of the past five quarters and been forced to slash prices to clear merchandise.

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