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RAD comps increase 3.6% in December
CAMP HILL, Pa. — Rite Aid's same-store sales increased 3.6% in December 2011, compared with December 2010, the company said Thursday.
Front-end same-store sales increased by 0.7%, while pharmacy same-store sales increased by 5.2% and prescription count at comparable stores increased 3.2%. Total store sales increased by 3.3% to $2.6 billion, compared with December 2010's nearly $2.6 billion.
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Duane Reade to move corporate headquarters to 40 Wall St.
NEW YORK — Manhattan-based pharmacy retailer Duane Reade has confirmed plans to relocate its corporate headquarters to 40 Wall St., which is already home to its mega flagship store.
The company’s current lease at its corporate headquarters at 440 Ninth Ave. was nearing its August expiration so the retailer, which is owned by Walgreens, began searching for a new space.