Rite Aid Same-Store Sales Up 1.1% In January

Rite Aid Corp.'s (RAD) same-store sales for the four weeks ended Jan. 22 grew 1.1%. The increase follows a surprise same-store sales boost of 0.6% in December, the drugstore's first monthly growth since May 2009. Though the No. 3 U.S. drugstore chain behind Walgreen Co. (WAG) and CVS Caremark Corp. (CVS) has cut costs and refinanced debt, it has struggled to turn revenue around in recent years. The company has posted losses since its 2007 acquisition of the Brooks and Eckerd chains that saddled it with debt just before consumers slashed spending. For the January period,