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  • Harris Teeter reports Q1 2013 sales of $1.2 billion, up 3.7%

    MATTHEWS, N.C. — Harris Teeter Supermarkets on Thursday reported that sales for the first quarter of fiscal 2013 ended Jan. 1 increased by 3.7% to $1.2 billion. The increase in sales was driven by an increase in comparable store sales of 2.5%, the grocer added. 

  • RAD posts positive January comps amid strong flu season

    CAMP HILL, Pa. — Rite Aid reported a 0.3% increase in comps for the month of January, the retail pharmacy chain said Thursday.

    The increase included a 4.2% increase in front-end comps, 2.4% of which came from sales of OTC flu products. Pharmacy comps decreased by 1.4%, while same-store prescription count increased 5%, 3.4% of which came from flu-related prescriptions and flu shots. Total store sales for the four-week period, which ended Saturday, decreased 0.5% to $1.91 billion.

  • Eli Lilly reports 1% Q4 decline from Zyprexa patent expiration

    INDIANAPOLIS — Eli Lilly and Company on Tuesday reported that its fourth quarter revenue for the period ended Dec. 31 declined 1% to $6 billion because of its Zyprexa patent expiration. Full-year 2012 revenue declined 7% to $22.6 billion.

  • Changing of the guard at 99¢ Only Stores as acquirer Ares Management fills top exec spots

    CITY OF COMMERCE, Calif. — 99¢ Only Stores last week announced that Richard Anicetti has assumed the role of interim CEO. In addition, Michael Fung will join the company as interim chief administrative officer overseeing finance, information technology, real estate and various administrative functions of the company. 

    In connection with the foregoing changes, the original family management team Eric Schiffer, Jeff Gold and Howard Gold are no longer employed by the company. 

  • WSJ: J&J shopping women's care unit

    NEW YORK — Johnson & Johnson is shopping its women's health unit, according to a report Friday in The Wall Street Journal, which suggested that the business no longer coincided with J&J's "growth priorities." 

    The brands managed by the unit include intimacy health KY and women's personal care brands, o.b. tampons and Stayfree and Carefree pads. 

  • ABC Q1 2013 revenue up 6%

    VALLEY FORGE, Pa. — AmerisourceBergen on Thursday reported revenue of $21.5 billion, up 5.7%, for the first quarter ended Dec. 31. “We are off to a solid start in our fiscal year 2013, with December quarter results in line with our expectations,” said Steven Collis, ABC president and CEO. “During the quarter, we successfully implemented our previously announced new contract with our largest customer, and we continued to make progress on the integration of World Courier.

  • Hurricane Sandy efforts drive Ahold 4Q sales

    AMSTERDAM — Ahold reported sales of $10.4 billion for fourth quarter 2012 and $43.6 billion for the entire fiscal year, the company said in an earnings report.

    That marked a 7.5% sales increase compared with fourth quarter 2011 and an 8.5% increase compared with fiscal year 2011, respectively.

  • Healthy holiday shopping season, but trouble could lie ahead, NRF says

    NEW YORK — Despite caution among consumers, retailers wrapped up 2012 with a healthy holiday shopping season, according to a new report by a retailing trade group.

    The National Retail Federation said Tuesday that holiday retail sales increased 3% over the year before, to $579.8 billion. December retail sales increased 0.8% seasonally adjusted from November and 2.1% unadjusted year over year. Nevertheless, the 3% increase was still below the NRF's projected 4.1% growth. Meanwhile, nonstore holiday sales grew 11.1%.

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