Generic drugs weigh on June sales at CVS, Rite Aid
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Drugstores CVS/Caremark Corp.  and Rite Aid Corp.  on Thursday posted higher June sales at stores open at least a year, but both chains' pharmacy sales growth was tempered by the introduction of cheaper generic drugs.
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Wal-Mart Stores Inc.'s plan to sell   some generic drugs for just $4 should not impact leading U.S.   drugstores Walgreen Co. and CVS Corp. as much as initially   feared, analysts said on Friday.
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Wal-Mart Stores Inc. , the  world's largest retailer, said on Thursday it would cut the  prices of nearly 300 generic drugs to $4 per prescription  starting in the retirement haven of Tampa, Florida.
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TAMPA, Fla  - Wal-Mart Stores Inc. WMT.N, the   world's largest retailer, said on Thursday it would cut the   prices of nearly 300 generic drugs to $4 per prescription   starting in the retirement haven of Tampa, Florida.
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Wal-Mart Stores Inc. on  Thursday said it will expand a program offering generic drugs  for $4 per prescription throughout Florida on Friday, and said  it may bring the program to other U.S. states by the end of the  year.
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Kmart said on Wednesday that it is  adding more than 70 new generic medications to its program that  offers a 90-day supply of certain generic drugs for $15,  including some not offered under a similar plan at Wal-Mart.
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Retailers reported modest June sales  results on Thursday as industry leader Wal-Mart Stores Inc   and teen favorite Abercrombie & Fitch Co  topped  Wall Street&#39;s conservative expectations while a number of  department stores and women&#39;s specialty retailers foundered.
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Wal-Mart Stores Inc said on Thursday it has added more medicine to its $4 prescription program, including certain new generic drugs, as part of its push to expand its health and wellness services.
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TAMPA, Florida  - Wal-Mart Stores Inc. WMT.N,   the world's largest retailer, said on Thursday it would cut the   prices of nearly 300 generic drugs to $4 per prescription   starting in the retirement haven of Tampa, Florida.
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Drugstore chain Rite Aid Corp. RAD.N  on Tuesday warned that full-year profit and revenue would fall  short of expectations as it loses pharmacy sales to mail-order  rivals, sending its shares down 16 percent.
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Wal-Mart Stores Inc.'s plan to sell   some generic drugs for just $4 should not impact leading U.S.   drugstores Walgreen Co. and CVS Corp. as much as initially   feared, Merrill Lynch said on Friday.
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ORLANDO, Fla. -- Wal-Mart announced Thursday that it will sell select generic prescription drugs at a sharply reduced price in all of Florida, nearly four months earlier than expected.
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Pfizer Inc. PFE.N on Wednesday said  third-quarter earnings rose on higher sales of cholesterol and  arthritis drugs, but the company cautioned that 2005 results  will likely be hurt by generic competition for four other  popular medicines.
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-- Wal-Mart Stores Inc. is expanding its national $4 generic prescription drug program by about 10 percent, adding drugs for some new conditions.
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Wal-Mart Stores Inc., said on Thursday   it would cut the price of nearly 300 generic drugs to $4 per   prescription starting in the retirement haven of Tampa,   Florida.
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Pharmaceutical companies launched an effort yesterday to provide significant price discounts for 275 brand-name drugs to 36 million Americans who lack prescription drug coverage.
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Wal-Mart, the world's largest retailer, plans to slash the prices of almost 300 generic prescription drugs, offering a big lure for bargain-seeking customers and presenting a challenge to competing pharmacy chains and makers of generic drugs.