Walgreen Battles For Express Scripts Customers As Generics Slow Drugstores Sales

Leading pharmacy chains Walgreen and Rite-Aid recently released their monthly sales figures for October 2012. Both companies reported declines in same store sales with Rite Aid’s sales declining 1.1% over the prior year period and Walgreen’s declining 5.9%. Both companies identified the increased proliferation of generic drugs to be a major contributor to the decline. While Rite Aid reported a 4.7% increase in prescription count at comparable stores, Walgreen saw a decline of 1.8%....