CarMax ranks No. 85 at FORTUNE magazines’ 100 Best Companies to Work For in 2016

RICHMOND, Va., 2016-Mar-05 — /EPR Retail News/ — For 12 consecutive years, CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has been named by FORTUNE magazine as one of its 100 Best Companies to Work For®. CarMax ranks No. 85 for 2016.

The company continues to grow and CarMax plans to open between 13 and 16 stores each year for the next two years. In the last year, the unique CarMax experience has been introduced in Cleveland and in the Boston area, and will soon be introduced in theSan Francisco Bay Area.

CarMax is currently hiring for more than 1,600 positions across the country in all store business areas including sales, purchasing, business office and service operations. Career opportunities are also available at CarMax Auto Finance in Atlanta, Georgia, and at the CarMax Home Office in Richmond, Virginia, including 50 digital and technology positions at that location. Interested candidates can visit the CarMax careers website to apply.

“Our associates take pride in maintaining the strong CarMax culture of transparency, respect and integrity,” said Tom Folliard, CarMax chief executive officer. “By investing in our associates, we are equipping them to provide the exceptional experience our customers deserve.”

CarMax was founded more than 20 years ago to fundamentally change car buying. The company makes the process more ethical, fair and transparent by offering a no-haggle, no-hassle experience and an incredible selection of CarMax Quality Certified vehicles.CarMax customers can shop for nearly every make and model at the store locations or online at carmax.com, with prices clearly listed for each of the nearly 50,000 vehicles nationwide. CarMax also takes the hassle out of selling your car by offering fast, commitment free appraisals.

To identify the 100 Best Companies to Work For®, each year FORTUNE partners withGreat Place to Work® to conduct the most extensive employee survey in corporate America. Two-thirds of a company’s survey score is based on the results of the Trust Index © Employee Survey, which is sent to a random sample of employees from each company. This survey asks questions related to employees’ attitudes about management’s credibility, overall job satisfaction and camaraderie. The other third is based on responses to the Culture Audit ©, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs and diversity efforts.

CarMax’s well-established, team-oriented culture is also recognized each year for additional national and local awards as an employer of choice and great company to work for. CarMax has been named on Fortune magazine’s “50 Best Workplaces for Diversity,” and “20 Best Workplaces in Retail,” as well as one of Training magazine’s“Training Top 125” companies in America.

About CarMax
CarMax, a member of the FORTUNE 500 and the S&P 500 is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 158 superstores in 78 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. During the 12 months ending February 28, 2015, the company retailed 582,282 used cars and sold 376,186 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com

Source: CarMax, Inc.

Media Contact
Jennifer Bartusiak, CarMax Public Relations, pr@carmax.com
Twitter: @CarMax, Facebook: facebook.com/CarMax

Rite Aid Corporation announces sales results for February

CAMP HILL, Pa., 2016-Mar-05 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today announced sales results of its retail pharmacy segment for February.

Monthly Sales
For the five weeks ended Feb. 27, 2016, same store sales decreased 0.8 percent over the prior-year period. February front-end same store sales decreased 0.5 percent. Pharmacy same store sales, which included an approximate 269 basis points negative impact from new generic introductions, decreased 0.9 percent. Prescription count at comparable stores increased 1.4 percent over the prior-year period.

Total drugstore sales for the five-week period increased 0.1 percent with isalessales of $2.562 billion compared to $2.559 billion for the same period last year. Prescription sales accounted for 69.4 percent of drugstore sales, and third party prescription sales represented 98.0 percent of pharmacy sales.

Quarterly Sales
Same store sales for the 13-week period ended Feb. 27, 2016 decreased 0.6 percent over the prior-year period. Front-end same store sales decreased 0.4 percent while pharmacy same store sales decreased 0.8 percent. Prescription count at comparable stores increased 0.1 percent over the prior-year period.

Total drugstore sales for the 13 weeks ended Feb. 27, 2016 decreased 0.3 percent with sales of $6.775 billion compared to $6.796 billion for the same period last year. Prescription sales represented 68.1 percent of total drugstore sales, and third party prescription sales represented 97.9 percent of pharmacy sales.

Year-to-Date
Same store sales for the 52-week period ended Feb. 27, 2016 increased 1.3 percent over the prior-year period. Front-end same store sales increased 0.2 percent while pharmacy same store sales increased 1.8 percent. Prescription count at comparable stores increased 0.5 percent over the prior-year period.

Total drugstore sales for the 52 weeks ended Feb. 27, 2016 increased 1.3 percent with sales of $26.681 billion compared to $26.349 billion for the same period last year. Prescription sales represented 69.1 percent of total drugstore sales, and third party prescription sales represented 97.8 percent of pharmacy sales.

Going forward, Rite Aid will no longer report sales and comparable store sales results on a monthly basis. Rite Aid will continue to provide this information on a quarterly basis as part of its quarterly reporting.

Rite Aid is one of the nation’s largest drugstore chains. On Feb. 27, 2016, the company operated 4,561 stores compared to 4,570 stores in the like period a year ago. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at http://www.riteaid.com. Note that all sales data in this release is preliminary, unaudited and subject to revision.

Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties that are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

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Contact:

Investors: Matt Schroeder 717-214-8867 or investor@riteaid.com

Media: Susan Henderson 717-730-7766