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Rite Aid

WBA’s Pessina still bullish about Rite Aid acquisition

WBA’s Pessina still bullish about Rite Aid acquisition

NEW YORK — Walgreens Boots Alliance Inc. (WBA) executive vice chairman and chief executive officer Stefano Pessina has expressed confidence that the company’s planned merger with Rite Aid Corp. will be approved by the end of July. “I am still optimistic that we will bring this deal to a successful conclusion, but there is no

FTC reportedly may sue to block WBA-Rite Aid deal

FTC reportedly may sue to block WBA-Rite Aid deal

Rite Aid saw its stock price sink to a 52-week low on Wednesday after a report that the Federal Trade Commission may challenge the drug chain’s acquisition by larger rival Walgreens Boots Alliance. Citing trade publication The Capital Forum, Bloomberg reported that the FTC was mulling a lawsuit to block the deal. Rite Aid’s share

Rite Aid names ‘Favorite Pharmacy Team Member’ winners

Rite Aid names ‘Favorite Pharmacy Team Member’ winners

CAMP HILL, Pa. — Rite Aid Corp. has announced the two winners of its “Vote for Your Favorite Pharmacy Team Member” contest. The drug chain said Tuesday that this year’s winners are Amanda Bourque, a Rite Aid pharmacy technician from Coventry, R.I., and JoAnn Lankford, a loyal Rite Aid customer from Providence Forge, Va. Bourque

WBA readies new proposal for FTC

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) is reportedly prepared to sell additional stores and other assets to Fred’s Inc. in an effort to win Federal Trade Commission approval for its merger with Rite Aid Corp. WBA, which had initially agreed to sell 865 Rite Aid stores to Fred’s, is planning to raise that

Chain drug retailing is at a turning point

Chain drug retailing is at a turning point

April is here — and still no resolution on the pending acquisition of Rite Aid Corp. by Walgreens Boots Alliance Inc. As time stretches out, this indecision bodes ill for an acquisition that was until recently viewed as an agreement with benefits for both parties. Now, confusion is apparently overtaking certainty — and there is

FTC pressed to decide on WBA-Rite Aid deal

FTC pressed to decide on WBA-Rite Aid deal

Walgreens Boots Alliance has gone ahead and set a deadline for the Federal Trade Commission to approve its deal to acquire Rite Aid Corp. According to the New York Post, WBA has “certified compliance” in its application, meaning that it has provided the FTC with the information needed to determine if the Walgreens-Rite Aid merger

Rite Aid launches in-store donation campaign

Rite Aid launches in-store donation campaign

CAMP HILL, Pa. — Rite Aid Corp. has kicked off an in-store fundraising campaign for Children’s Miracle Network Hospitals. The drug chain said Monday that through May 6, customers will be encouraged to support their local children’s hospital by buying $1 paper Miracle Balloon. In return, they will get $7 in coupon offers for select

Southeastern Grocers joins Plenti rewards coalition

Southeastern Grocers joins Plenti rewards coalition

NEW YORK — Southeastern Grocers LLC has become the first supermarket operator to join the Plenti coalition loyalty program operated by American Express. The program, which allows members to earn and use rewards at a number of businesses, including Exxon and Mobil gas stations and Rite Aid and Macy’s stores, will roll out to the

Rite Aid ready with MMR vaccines for mumps outbreaks

Rite Aid ready with MMR vaccines for mumps outbreaks

CAMP HILL, Pa. — Citing an upswing in mumps cases around the country, Rite Aid Corp. is spotlighting its pharmacies as a destination for the MMR vaccine. Rite Aid said Wednesday that MMR (measles, mumps and rubella) vaccinations are available on a walk-in basis during pharmacy hours at its drug stores in 28 states and

WBA reportedly ups ante for Rite Aid deal approval

WBA reportedly ups ante for Rite Aid deal approval

The latest scuttlebutt on the Walgreens-Rite Aid merger: Walgreens Boots Alliance looks to be divesting even more stores and other assets to Fred’s. Citing anonymous sources, Bloomberg reported Tuesday that WBA is “nearing an agreement” to raise the number of stores to sell to Fred’s as well as include distribution centers, software and staff. No

Rite Aid’s RediClinic nears 100 locations

Rite Aid’s RediClinic nears 100 locations

TOMS RIVER, N.J. — Rite Aid Corp.’s RediClinic retail health clinic subsidiary is approaching a milestone. With the grand opening of six clinics late last month — inside Rite Aid stores in Toms River (two locations), Belford, Little Egg Harbor, Neptune and Old Bridge, N.J. — RediClinic has 99 locations overall. The 100th is due

Fred’s revamps its board of directors

Fred’s revamps its board of directors

MEMPHIS, Tenn. — Fred’s Inc. has overhauled its board of directors, including the appointment of chief executive officer Michael Bloom and retail industry veterans Christopher Bodine and Peter Bocian as members. Fred’s said Tuesday that Bloom, Bodine and Bocian join the board effective immediately. Former Fred’s CEOs Jerry Shore and Michael Hayes and longtime director

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