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Rite Aid's December sales up, year-end sales gain less than 1 percent

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Rite Aid Corp., the Cumberland County-based pharmacy chain, today said its December sales increased were worth $2.1 billion, a 2.7 percent increase, yet sales figures for the entire year increased less than a percent.

Rite Aid had year-end drugstore sales of slightly less than $21 billion, just 0.2 percent more than a year ago, according to the company.

Same-store sales -- those excluding new or closed stores -- saw similar but slightly better results, according to Rite Aid. December same-store sales increased 2.9 percent and year-end sales increased by half a percent.

Pharmacy same-store sales increased 4.1 percent in December, despite the introduction of new lower-cost generic drugs onto the market, according to the company.

Rite Aid, based in East Pennsboro Township, operates 4,592 stores nationwide, 38 stores less than a year ago. The company trades its shares on the New York Stock Exchange under the ticker symbol RAD.

Jim T. Ryan

Jim T. Ryan

Jim T. Ryan covers Cumberland County, manufacturing, distribution, transportation and logistics. Have a tip or question for him? Email him at jimr@cpbj.com. Follow him on Twitter, @JimTRyanCPBJ.

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