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Tennessee-based company $FRED said in 2Q16, front-store comp sales were down 1.6% while retail pharmacy comps were down 1.3% and specialty pharmacy comps were down 5.4%. Total company traffic was down 3.4% to last year and basket was up 1.4%. Household goods and softlines sales increased to 23.6% while consumables fell to 24.8%.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.