Despite being on the upswing for the last three years, cereal has lost ground in supermarkets, slipping 1.4% in dollar sales to $6 billion. The drug store channel, however, posted a 4.3% rise in dollar sales to $179.9 million for the 52 weeks ending June 13. A big factor in the growing drug store business is that CVS, Walgreens and other big chains are expanding their food offerings, allowing shoppers to pick up household food staples while getting their prescriptions filled. Meanwhile, ...
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