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Study finds skepticism about organic among consumers
NEW YORK — A majority of surveyed adults in the United States regards organic as an excuse to charge more for food, according to a new study.
The March Harris Poll of 2,276 adults found that those expressing concern for the environment grew from 31% last year to 38% this year, but 59% of respondents saw labeling foods and other products as organic was an excuse to charge more.
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Rite Aid benefits from customer loyalty, investment
Rite Aid reported a $123.1 million profit for fourth quarter 2013 and $118.1 million for the fiscal year — its first profitable year since 2007 — amid greater generic drug penetration and retention of at least three-quarters of the customers who switched over to the chain during the dispute between Walgreens and pharmacy benefit manager Express Scripts, among other factors.