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Technology Stocks : eDrugstores: Drugstore.com, PlanetRx and Soma

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To: Tom D who wrote (51)	3/31/1999 3:04:00 PM
From: Tom D	Read Replies (1) of 254

WSJ: Rite Aid gets aggressive with suppliers March 31, 1999 Rite Aid's Large Cash Deductions Irk Suppliers at Bill-Paying Time By MARK MAREMONT and ROBERT BERNER Staff Reporters of THE WALL STREET JOURNAL The U.S. consumer unit of Bayer AG received an unusual notice from Rite Aid Corp. this month. The drugstore chain said it had deducted about $300,000 from money due Bayer for aspirin and other goods. The deduction was from a payment Rite Aid sent in February, just as its fiscal year was ending. The notice gave only a sketchy indication of what the deduction was for,says a Bayer manager; it cited damaged and outdated merchandise removed from acquired and remodeled stores. Bayer wasn't alone. Of two dozen Rite Aid suppliers that agreed to discuss the issue, about three-quarters say the drugstore chain cut their payments in the February pay period, by amounts ranging from under 1% to 16% of their annual sales to the chain. Bic Corp., Dial Corp. and the M&M/Mars unit of Mars Inc. say they were hit with deductions, ranging from $45,000 at Bic to $100,000 at Mars. Some suppliers say the notices, like the one Bayer got, included only a cryptic explanation. [I am not reproducing the whole article. It is copyrighted. Here is a link to the article, and to an article about the article] interactive.wsj.com nt.excite.com Tom

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