Groupon Debuts Groupon Basics and Rite Aid Corporation Sees Comparable Store Sales in April
Groupon, Inc. (NASDAQ: GRPN) debuted an online bulk shopping website service called Groupon Basics. This is a service that allow shoppers to purchase products in warehouse sizes. Shipping is free with purchases of over $24.99 and will be available without membership requirements or subscription fees. Groupon Basics will kick off with around 100 items on offer including Gillette razor heads, Dove deodorant, and Airborne immune supplement. The discounts are generally at 20%-30% off retail prices.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record. The company offers deals in various categories, including food and drink, events and activities, beauty and spa, health and fitness, home and garden, and automotive; deals on various product lines comprising electronics, sporting goods, jewelry, toys, home, and apparel; features travel offers that include hotels, airfare, and package deals, which covers domestic and international travel; and tools, such as payments and credit card payment processing service, as well as point-of-sale solutions to merchants.
Get more information on Groupon, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/GRPN
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Rite Aid Corporation (NYSE: RAD) reported a 5% increase in comparable-store sales in April 2014 compared to the same month last year and also reported that front-end comparable-store sales increased 4.7% with 4.6% of that increase attributable to a change in the date of Easter, which fell on April 20 in 2014 and March 31 in 2013. Rite Aid had 4,583 drugstores toward the end of April, coming in 36 fewer than last year. The drug store's Pharmacy comparable-store sales increased 5.2%, while prescription count at comparable stores rose 2.3%. Total drugstore sales increased 4.9% to $1.995 billion from $1.902 billion.
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products. It also offers health coaching, shared decision making tools, and health care analytics, including health coaching for medical decisions, chronic conditions, and wellness; population analytic solutions; and consulting services, as well as various photo processing services in its stores.
Get more information on Rite Aid Corporation and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/RAD
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