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NEW YORK -- Duane Reade's third quarter results reveal the New York-based drug chain, after being derailed temporarily by the New York City terrorist attacks last year, is now back on its growth track.
The news pleased Wall Street as shares of Duane Reade soared more than 16 percent. or $2.76, to close at $19.70 on Friday.
The 9/11 terrorist attacks, which destroyed two lower Manhattan Duane Reade stores and temporarily closed about 20 other locations, impacted Duane Reade's front-end sales. However, the chain reported Friday that front-end sales have since returned to pre-9/11 levels. Also, chairman and chief executive officer Anthony Cuti outlined a 2 …