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Rite Aid

Rite Aid reopens Harrisburg Market Street store

Rite Aid reopens Harrisburg Market Street store

CAMP HILL, Pa. — Rite Aid Corp. is officially reopening its relocated Harrisburg Market Street store, now remodeled to the drug chain’s Wellness Store format. On Tuesday morning, Rite Aid plans a grand reopening ceremony for the 14,000-square-foot store, now situated at 304 Market Street inside Strawberry Square, a 1 million-square-foot, mixed-use center in the

Fred’s boosts funding for Rite Aid store purchase

Fred’s boosts funding for Rite Aid store purchase

MEMPHIS, Tenn. — Fred’s Pharmacy has procured $550 million in additional funding for its deal to buy up to 1,200 Rite Aid stores in connection with the Walgreens-Rite Aid merger. In an 8-K filing with the Securities and Exchange Commission yesterday, Fred’s said that for a second time it has amended and restated a commitment

Rite Aid execs: Merger approval not guaranteed

Rite Aid execs: Merger approval not guaranteed

NEW YORK — In a memo to employees this week, Rite Aid Corp.’s top executives appear to acknowledge that the company’s acquisition by Walgreens Boots Alliance (WBA) may not be cleared by the Federal Trade Commission. “We remain actively engaged in discussions with the FTC to attempt to gain regulatory approval, and there can be

RediClinic goes live with redesigned website

RediClinic goes live with redesigned website

HOUSTON — RediClinic has launched a redesigned website that aims to make it easier for people to access care as well as information on its services and health topics. The Rite Aid Corp. retail clinic subsidiary said Tuesday that at the new RediClinic.com, patients can make an appointment with one click, customize their RediClinic experience,

Fred’s Pharmacy records 1Q net loss

Fred’s Pharmacy records 1Q net loss

MEMPHIS, Tenn. — Fred’s Pharmacy posted a fiscal 2017 first-quarter net loss, stemming largely from charges related to store closings and its planned purchase of at least 865 Rite Aid stores. Fred’s said Tuesday that for the first quarter ended April 29, the company had a net loss of $36.5 million, or 98 cents per

WBA pushes FTC for decision on Rite Aid acquisition

WBA pushes FTC for decision on Rite Aid acquisition

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) has taken action to force the hand of federal regulators deciding whether to approve its pending acquisition of Rite Aid Corp. WBA and Rite Aid last month notified the Federal Trade Commission that they have complied with the agency’s second request for information on the deal. While

Rite Aid keeps immunizations top of mind

Rite Aid keeps immunizations top of mind

A new video from Rite Aid emphasizes the importance of staying up to date on recommended vaccinations, including the pneumonia vaccine. In the clip, a Rite Aid certified immunizing pharmacist notes that seniors are at a higher risk of catching pneumonia, which afflicts about 900,000 Americans annually, and the chain provides the shot at its

Fred’s sees same-store sales uptick for May

Fred’s sees same-store sales uptick for May

MEMPHIS, Tenn. — Fred’s Pharmacy saw same-store sales edge up in May, though store closings led to a year-over-year revenue decline for the month. Fred’s said Thursday that sales for the four weeks ended May 27 totaled $160.1 million, down 3.1% from $165.2 million a year earlier. The company attributed the sales decrease to the closure

Amazon eyeing pharmacy space?

Amazon eyeing pharmacy space?

Amazon’s move into groceries shook up the food retail scene. That scenario may be in store for pharmacies. CNBC reported Tuesday evening that Amazon is ushering in a “business lead” to explore a foray into the pharmacy business and that the company has stepped up recruiting from the pharmacy arena. Citing unidentified sources, CNBC said

Report: FTC seeks more info on WBA-Rite Aid deal

Report: FTC seeks more info on WBA-Rite Aid deal

Walgreens Boots Alliance and Rite Aid last week said they’ve complied with the Federal Trade Commission’s second request for information on their merger deal. But it appears the FTC still wants to know more. The New York Post reported Tuesday that the FTC has issued civil investigative demands (CIDs) to Walgreens vendors and competitors to

WBA, Rite Aid certify compliance with FTC

WBA, Rite Aid certify compliance with FTC

DEERFIELD, Ill., and CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) and Rite Aid Corp. said they have met the Federal Trade Commission’s second request for information on their planned merger. Late Monday, WBA and Rite Aid announced that they have “certified substantial compliance,” meaning that they have provided the information needed to determine if

Sales decline at Fred’s Pharmacy

Sales decline at Fred’s Pharmacy

MEMPHIS, Tenn. — Fred’s Pharmacy reported declined sales for April and its fiscal 2017 first quarter, though seasonal business lifted same-store sales for the month. Fred’s said Thursday that sales for the four weeks ended April 29 totaled $159.1 million, down 3% from $163.9 million a year earlier. April same-store sales edged up 1.2% year

It’s a wrap: NACDS Annual Meeting final day recap

It’s a wrap: NACDS Annual Meeting final day recap

A new NACDS chairman was inaugurated on the final day of the 2017 NACDS Annual Meeting. Alex Gourlay, co-chief operating officer of Walgreens Boots Alliance, took the gavel from outgoing chairman Martin Otto, chief merchant and chief financial officer at H-E-B, at the conference’s Tuesday morning Business Program. “I think my role, really, is to

Rite Aid finishes fiscal year on positive note

Rite Aid finishes fiscal year on positive note

CAMP HILL, Pa. — Despite declines in net income, Rite Aid Corp. posted increased sales and exceeded Wall Street’s adjusted earnings per share forecast for its fiscal 2017 fourth quarter and year. Chairman and chief executive officer John Standley, however, noted that the ongoing regulatory review of Rite Aid’s deal to be acquired by Walgreens

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