Rite Aid’s loss nearly triples
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TIMES WIRE REPORTS
Drugstore chain Rite Aid Corp.’s quarterly loss almost tripled because of interest costs and expenses to close stores.
The retailer’s third-quarter loss widened to $243.1 million, or 30 cents a share, from $84.8 million, or 12 cents, the Camp Hill, Pa.-based company said. Revenue fell less than 1% to $6.47 billion from $6.5 billion.
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