Walgreen posts higher Oct. sales, Rite Aid lags
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Walgreen Co. (WAG.N: Quote, Profile, Research) , the top US drugstore chain, on Tuesday reported higher October sales, but growth at rival Rite Aid Corp.
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CHICAGO, Sept. 25  &#151; The Walgreen Company, the drugstore chain, posted a 25 percent increase in quarterly profit on Monday driven by strong sales of prescription medications, but its shares declined as earnings before unusual items fell short of expectations.
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Wal-Mart Stores Inc. , the world's largest retailer, said on Saturday that it still sees a 2 to 4 percent increase in October sales at its stores open at least a year.
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Walgreen Co., the largest US drugstore chain, said fourth-quarter profit rose 18 percent, helped by sales of prescription drugs. Net income had its biggest gain in almost two years, climbing
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CVS Corp. , the No. 2 U.S. drugstore chain, posted a 2.7 percent rise in quarterly profit on Thursday, driven by strong sales of prescription medications and greater use of generic drugs, which are more profitable for pharmacies.
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Walgreen's comps for September are once again healthy.
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Stocks to watch on Monday: WALGREEN CO. :
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U.S. chain store retail sales rose in  the latest week, as consumers picked up the pace of holiday  shopping, a retail report said on Tuesday.
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Wal-Mart Stores Inc. WMT.N, the  world's largest retailer, on Thursday said sales at stores open  at least a year rose 2.4 percent in September, slightly higher  than its preliminary report but still toward the low end of its  forecast range.
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Wal-Mart Stores Inc.  on Monday said it still expects a 2 percent to 4 percent increase in September sales at its U.S. stores open at least a year, and back-to-school demand picked up after a sluggish start.
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Walgreen Co.  on Monday posted a greater-than-expected 9.3 percent rise in sales at stores open at least a year in November, sending its shares up more than 3 percent.
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U.S. chain store sales rose in the  fifth week of September, with stores indicating that business  picked up toward the end of the week as temperatures in parts  of the country turned cooler, a report said on Tuesday.
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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) , the world&#39;s largest retailer, on Thursday said sales at stores open at least a year rose 2.4 percent in September, slightly higher
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Rite Aid Corp. RAD.N, the   third-largest U.S. drugstore chain, posted a smaller quarterly   loss on Thursday, aided by stronger sales of prescription   medications.
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Walgreen says its fiscal fourth-quarter earnings topped forecasts, rising 18 percent on higher prescription sales at stores open at least one year.
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Chain store sales rose last week  boosted by sales of fall apparel and back-to-school items, a  report showed on Tuesday.
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Walgreen Co. WAG.N, one of the  largest U.S. drugstore chain operators, on Monday posted a 30.5  percent jump in quarterly profit, boosted by increased sales of  prescription drugs.