Duane Reade sees sales increase
November 14, 2008 08:45AM
Drugstore chain Duane Reade reported sales of $431 million in the third quarter, a 5.4 percent increase from the same time last year. The increase likely stems from shoppers watching their budgets more carefully, as New York state consumer confidence fell to a 10-year low in October, according to a Siena Research Institute poll. Front-end sales, which include food and beverages, cosmetics and cleaning supplies, increased 6 percent in the third quarter, compared to last year. Duane Reade has 245 locations in the U.S., with 216 in the city as of July.
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Comments
winick boy
keep shoppping at the DR holla
Comment #1 Posted By: winick boy 11/14/08
Anonymous
Was there an upscale substitute for buying chips and toothpaste?
Comment #2 Posted By: Anonymous 11/14/08
Anonymous
With DR being so overpriced, I don't know how you can attribute a rise in sales to "shoppers watching their budgets." Doing that would mean shopping in other stores where there are better deals.
Comment #3 Posted By: Anonymous 11/08/09