FoxMeyer/Rite Aid supply agreement terminated as of July -- FoxMeyer annual report.
Executive Summary
FOXMEYER/RITE AID SUPPLY AGREEMENT TERMINATED AS OF JULY, FoxMeyer discloses in its recently released annual report. FoxMeyer predicted the Rite Aid supplier contract, for which shipments began in July 1995, would bring in annual revenues of $750 mil. ("The Pink Sheet" Feb. 5, T&G-10). The drug store chain accounted for net sales of $416.8 mil. during its 1996 fiscal year ended March 31, the report states.