Acquisitions, Product and Services Launches, Merger Agreement Updates and Monthly Sales Results - Research Report on Walgreen, Cardinal Health, Sears, Saks, and Rite Aid
NEW YORK, September 16, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Walgreen Co. (NYSE: WAG), Cardinal Health, Inc. (NYSE: CAH), Sears Holdings Corporation (NASDAQ: SHLD), Saks Incorporated (NYSE: SKS), and Rite Aid Corp. (NYSE: RAD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Walgreen Co. Research Report
On September 10, 2013, Walgreen Co. (Walgreen) announced that it has entered into a definitive agreement with Kerr Drug, a privately held regional pharmacy chain in North Carolina. Under the agreement, Walgreen will acquire certain assets of Kerr Drug's retail drugstores and specialty pharmacy business. "The Kerr Drug retail drugstores and specialty pharmacy business are an exceptional addition to the Walgreens family of companies," said Walgreens President and CEO Greg Wasson. "We are closely aligned on the important task of expanding the health care role that community pharmacists can have with their patients, and we share the common goal of stepping out of the traditional drugstore format to create a new experience for our customers." The Full Research Report on Walgreen Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-12/WAG]
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Cardinal Health, Inc. Research Report
On September 3, 2013, Cardinal Health Inc. (Cardinal Health) announced that it has recently launched a customizable medicare Enrollment Toolkit to help retail pharmacy customers educate the rapidly growing Medicare-eligible population about coverage options. Myles Hoover, Vice President of Marketing and Customer Solutions for Cardinal Health commented, "This toolkit equips retail pharmacists - who are often their community's most accessible healthcare resource -- with the materials they need to let patients know about the Medicare open enrollment period and to reinforce that they can help patients navigate the system and better understand their coverage options." The Full Research Report on Cardinal Health, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-12/CAH]
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Sears Holdings Corporation Research Report
On September 9, 2013, Sears Holdings Corp.'s (Sears) wholly owned subsidiary, Kmart, announced the launch of check cashing service for Shop Your Way members and customers at store locations nationwide. "With the addition of check cashing to our Kmart financial services portfolio, our Shop Your Way members now have the convenience of cashing checks where they shop, saving them time and money," said Jai Holtz, Vice President, Financial Services, Sears Holdings. "Along with Kmart's other financial services offerings, including Layaway, walk-in bill pay, money transfer, money orders, ATMs and prepaid debit cards and reloads, we are providing one-stop shopping for our members' needs." The Full Research Report on Sears Holdings Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-12/SHLD]
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Saks Incorporated Research Report
On September 10, 2013, Saks Inc. (Saks) provided an update regarding its "go-shop" period related to its merger agreement with Hudson's Bay Company (HBC). According to the Company, the merger agreement was entered into on July 28, 2013 and contained a 40-day "go-shop" period during which Saks was permitted to solicit alternative proposals from third parties. The Company informed that the "go-shop" period expired on September 6, 2013, and Saks is now subject to customary "no-shop" provisions which are outlined in the merger agreement. The planned transaction has been approved by each Company's board of directors and is expected to close before the end of the calendar year 2013. The Full Research Report on Saks Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-12/SKS]
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Rite Aid Corp. Research Report
On September 5, 2013, Rite Aid Corp. (Rite Aid) reported its sales for August 2013. The Company reported same store sales growth of 1.1% YoY, pharmacy same store sales increased 2.5% YoY, while front-end same store sales declined 1.7% YoY. For the month, the Company reported total drugstore sales growth of 1.1% YoY to $2.4 billion. Further, for the 13-week period ended August 31, 2013, same store sales increased 1.0% YoY, Pharmacy same store sales grew 1.7% YoY, while front-end same store sales declined by 0.3% YoY. The Company's total drugstore sales for the 13 weeks ended August 31, 2013, grew 0.7% with total sales of c.$6.3 billion. The Full Research Report on Rite Aid Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-12/RAD]
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