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Rite Aid

Albertsons-Rite Aid to create wellness powerhouse

Albertsons-Rite Aid to create wellness powerhouse

CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview with Chain Drug Review. The Albertsons-Rite Aid merger deal, announced Tuesday, will transform Rite Aid through

Albertsons Cos., Rite Aid to merge

Albertsons Cos., Rite Aid to merge

BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and

Rite Aid stocks up to help battle the flu

Rite Aid stocks up to help battle the flu

CAMP HILL, Pa. — As flu cases mount in one of the most severe U.S. flu seasons in the past decade, Rite Aid Corp. is ensuring that its pharmacies are well-prepared. Rite Aid said Monday that its pharmacies are stocked with flu shots, which are available on a walk-in basis at all locations, as well

Rite Aid starts to revamp merchandising team

Rite Aid starts to revamp merchandising team

CAMP HILL, Pa. — Rite Aid Corp. is making changes to its category management team as it proceeds with an asset sale in which more than 40% of its drug stores will be transferred to Walgreens Boots Alliance (WBA). The Rite Aid category management staff changes are under way, a company spokeswoman confirmed but declined

Corporate giants team up on employee health care

Corporate giants team up on employee health care

NEW YORK — Three of the largest U.S. companies — Berkshire Hathaway, Amazon and JPMorgan Chase & Co. — have joined together to take employee health care into their own hands. Berkshire Hathaway, Amazon and JPMorgan Chase said Tuesday that they plan to form an independent health care company to provide their employees accessible, affordable and quality care.

2018 Retail Forecast: Learning to Adapt

2018 Retail Forecast: Learning to Adapt

What will the second year of the Trump administration look like? Is the demise of the Affordable Care Act imminent? Will pharmacists get the greater role in health care they have long sought? These are among the questions top chain drug industry executives are pondering as they look to 2018. With spiraling health care costs and

Strategy to build a new Rite Aid takes shape

Strategy to build a new Rite Aid takes shape

CAMP HILL, Pa. — Rite Aid Corp. president and chief operating officer Kermit Crawford said he’s confident the company “will succeed in building the new Rite Aid” following its $4.375 billion asset sale to Walgreens Boots Alliance (WBA). Under the deal, announced in September, Rite Aid is selling 1,932 stores, three distribution centers and related

Rite Aid sounds call for vaccinations as flu season peaks

Rite Aid sounds call for vaccinations as flu season peaks

CAMP HILL, Pa. — Heightened influenza activity nationwide has prompted Rite Aid Corp. to spotlight its pharmacies as a convenient destination to get vaccinated for the flu. Rite Aid said Thursday that the Centers for Disease Control and Prevention (CDC) reports widespread flu activity in 46 states. While the nation is now in peak flu

Effort to build ‘new Rite Aid’ under way

Effort to build ‘new Rite Aid’ under way

CAMP HILL, Pa. — There’s a “new Rite Aid” taking shape that executives say will emerge as a smaller but stronger company. Rite Aid Corp. president and chief operating officer Kermit Crawford said he’s confident the company “will succeed in building the new Rite Aid” following its $4.375 billion asset sale to Walgreens Boots Alliance

Sales surge in 1Q at Walgreens Boots Alliance

Sales surge in 1Q at Walgreens Boots Alliance

DEERFIELD, Ill. — Strong sales gains by the U.S. retail pharmacy division propelled Walgreens Boots Alliance (WBA) in its fiscal 2018 first quarter, which also saw the company exceed Wall Street’s earnings forecast. WBA said Thursday that, for the quarter ended Nov. 30, sales totaled  $30.74 billion, up 7.9% from $28.5 billion a year earlier.

Rite Aid edges above Wall Street’s forecast for 3Q

Rite Aid edges above Wall Street’s forecast for 3Q

CAMP HILL, Pa. — Rite Aid Corp. topped Wall Street’s earnings projections for its fiscal 2018 third quarter, in which the company proceeded with the transfer of stores under its $4.375 billion asset sale to Walgreens Boots Alliance (WBA). Rite Aid said late Wednesday that for the quarter ended Dec. 2, net income totaled $81

Alex Gourlay named Retailer of the Year

Alex Gourlay named Retailer of the Year

DEERFIELD, Ill. — To the casual observer, the dominant story line at Walgreens might appear to be the phased acquisition of 1,932 drug stores and related assets from Rite Aid Corp., and plans for their subsequent assimilation. But, important as the deal is, it shouldn’t be allowed to obscure other compelling developments at Walgreens Boots

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