Rite Aid Sales Fall in January - TheStreet

Rite Aid Sales Fall in January

Rite Aid sales slip 2.1% in January, as both of its divisions struggle.
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CAMP HILL, Pa. (

TheStreet

) --

Rite Aid

(RAD) - Get Report

sales sank yet again in January, with both its prescription and non-pharmacy businesses suffering.

Comparable sales for Rite Aid fell 2.1%, with both divisions also dropping 2.1%.

Rite Aid said its pharmacy business was hurt by the introduction of new generic drugs. The drugstore filled 1.1% fewer prescriptions during the month.

Shares of Rite Aid are nearly flat at $1.38.

-- Reported by Jeanine Poggi in New York.

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