Retail Focus 6/28/20 – Rite Aid’s Front-Store Boost; Dick’s Goes Off-Price

Rite Aid’s sales trends flip during the pandemic, with pharmacy sales tepid but front-store sales surging. We discuss retail pharmacy, along with GNC’s transition into Chapter 11 bankruptcy. From there, we touch on two different clearance projects for Dick’s Sporting Goods and how they may be able to leverage their real estate footprint to expand one of them. We close with more Sears and Kmart closures, Microsoft exiting brick-and-mortar retail, and Brandless making a return.