Rite Aid ( RAD) is slowly putting its turnaround back on track. The company, the nation's third-largest drugstore chain, said Thursday that its losses were less than anticipated in the fourth quarter as sales continued to pick up. The results offered the latest evidence of increasing spending by consumers as the economy makes its way back from a brief recession. Thursday's news was perhaps most notable because a drugstore chain other than Walgreen ( WAG) had good news for Wall Street. Walgreen, the clear industry leader, has
benefited lately from problems at virtually all its rivals, including CVS ( CVS), which has had to take hefty charges to close stores, and J.C. Penney's ( JCP) Eckerd chain, which has been beset by lawsuits. larger than anticipated and gave cash flow projections that disappointed.