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Low flu incidence a drag on February sales at Rite Aid, but comparable sales still up 1.5%
CAMP HILL, Pa. — Rite Aid on Thursday posted a 1.5% increase in same-store sales for the five weeks ended March 1. February front-end same-store sales decreased 1.8%, of which 0.5% was attributable to a decrease in sales of flu-related over-the-counter products. Pharmacy same-store sales, which included an approximate 138 basis points negative impact from new generic introductions, increased 3.1%.
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Kroger declines to comment on potential Safeway transaction, posts strong Q4 results
CINCINNATI — Kroger danced around "the elephant in the room" in declining to discuss future merger and acquisition plans on its fourth-quarter conference call Thursday morning. While neither Kroger executives nor analysts actually referenced any potential Safeway transaction, Rodney McMullen, Kroger CEO did provide some color as to what strategic opportunities the company would be interested in: "The thing that was attractive about Harris Teeter as a transaction — it's a well-run company that overall we admired a whole lot," he said.