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Stock Market & Financial Investment News

News Breaks
November 12, 2012
12:30 EDTRADRite Aid says Hurricane Sandy to have negative impact on November SSS
As of November 12, all stores impacted by Hurricane Sandy, with the exception of the Rite Aid store in Lavallette, N.J., have been reopened and are servicing customers. The Company’s store in Lavallette remains closed due to restricted access to the barrier island. Additionally, four stores—three in New York and one in New Jersey—have established temporary pharmacies to ensure patients have access to prescription and other medications while the front-end of the stores are being repaired, which is expected to be completed by next month. At the height of the storm, 790 Rite Aid stores were closed. The company has re-opened the affected stores as quickly as possible over the past two weeks. It is anticipated that Hurricane Sandy will have a negative impact on same store sales results for the month of November, but the company does not expect the storm to have a material impact on the company’s FY13 financial results.
News For RAD From The Last 14 Days
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October 30, 2014
08:31 EDTRADRite Aid reports October SSS up 5.5%
For the four weeks ended Oct. 25, 2014, same store sales increased 5.5 percent over the prior-year period. October front-end same store sales increased 2.0 percent. Pharmacy same store sales, which included an approximate 228 basis points negative impact from new generic introductions, increased 7.1 percent. Prescription count at comparable stores increased 4.9 percent over the prior-year period. Total drugstore sales for the four-week period increased 5.0 percent to $2.058 billion compared to $1.961 billion for the same period last year.
06:28 EDTRADMajor merchant group could accept NFC technology, NY Times says
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06:04 EDTRADMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
07:53 EDTRADMCX member stores block Apple Pay amid threat of fines, NY Times says
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October 28, 2014
06:38 EDTRADApple says Apple Pay in 220,000 locations already, Business Insider reports
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06:05 EDTRADApple head responds as retailers bar Pay service, Reuters says
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October 27, 2014
10:00 EDTRADOn The Fly: Analyst Initiation Summary
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08:33 EDTRADRite Aid initiated with a Buy at ISI Group
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07:15 EDTRADWal-Mart, Best Buy among companies rejecting Apple Pay, Business Insider says
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06:09 EDTRADCVS may be disabling NFC to shut down Apple Pay, Google Wallet, MacRumors says
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October 23, 2014
12:12 EDTRADRite Aid management to meet with Guggenheim
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October 21, 2014
08:03 EDTRADCVS offering drug plan with higher co-pay at stores selling tobacco, WSJ says
CVS Health (CVS), which stopped selling tobacco products last month, is now offering a prescription-drug plan via its pharmacy benefits unit Caremark that charges patients copayments that are up to $15 higher on prescriptions filled where tobacco is sold, which includes at rival pharmacies operated by Walgreen (WAG) and Rite-Aid (RAD), reported The Wall Street Journal. Reference Link

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