Chain Drug Stores Shrug at $4 Generic Impact

Chain drug stores Rite Aid and Walgreen in separate earnings calls late last week shrugged off the effects of $4 generic drug programs instituted by Wal-Mart Stores and copied by a number of other mass and grocery merchants in recent months.

Chain drug stores Rite Aid and Walgreen in separate earnings calls late last week shrugged off the effects of $4 generic drug programs instituted by Wal-Mart Stores and copied by a number of other mass and grocery merchants in recent months. “It had limited impact on our business as customers chose location, convenience and service over the small price differential,” Mary Sammons, chief executive officer of Camp Hill, Pa.-based Rite Aid, said in a conference call. “I continue to wonder how lo

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