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STOCKS NEWS US-Drug stores fall after June sales data
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1056 ET 02July2009-Drug stores fall after June sales data
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Sales were up at Walgreen Co (NYSE: WAG - news) and down at rival Rite Aid Corp (NYSE: RAD - news) in June, as shoppers filled more prescriptions but bought less
discretionary summer merchandise.
Walgreen posted same-store sales growth of 3.4 percent in the month, while
comparable sales were down 0.6 percent at Rite Aid.
For details, see
Shares of Walgreen fell 0.9 percent to $29.09 while Rite Aid plunged 8.4
percent to $1.41 and CVS Caremark dropped 1.2 percent to $31.36.
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