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Rite Aid

Rite Aid promotes senior VP of operations

Rite Aid promotes senior VP of operations

CAMP HILL, Pa. — Derek Griffith has been appointed executive vice president of store operations at Rite Aid Corp. With the promotion, Griffith takes over the position vacated by Bryan Everett, who in early September was named chief operating officer of Rite Aid stores. Everett was promoted to that post with the departure of Rite

WBA, Rite Aid look ahead after FTC acts

NEW YORK — Wall Street analysts say the fog around Walgreens Boots Alliance Inc. and Rite Aid Corp. is set to clear after a nearly two-year process that culminated in an unsuccessful merger and a deal to sell over 40% of Rite Aid’s stores to WBA. The Federal Trade Commission late last month approved a

Drug chains contribute to Hurricane Maria relief

Drug chains contribute to Hurricane Maria relief

NEW YORK — Chain drug retailers have stepped forward with donations and other aid for relief efforts on Puerto Rico, which is still reeling from the infrastructural damage wrought by Hurricane Maria. Walgreens, CVS Pharmacy, Rite Aid and Discount Drug Mart are among the chains contributing funds and other assistance to the U.S. territory, where

Rite Aid to recognize its ‘pharmacy champions’

Rite Aid to recognize its ‘pharmacy champions’

CAMP HILL, Pa. — For American Pharmacists Month in October, Rite Aid is honoring its more than 11,000 pharmacists for their care and dedication to their patients and communities. The drug chain said Tuesday that through Oct. 31, the Rite Aid Pharmacy Champions program, customers can recognize any Rite Aid pharmacist, pharmacy technician or wellness

Addition of Crawford is well-timed for Rite Aid

Addition of Crawford is well-timed for Rite Aid

September was an eventful month for Rite Aid Corp. In the wake of belated action by the Federal Trade Commission, the company moved quickly to dispel doubts about its future direction and begin the challenging task of operating more profitably from a smaller store base. Rite Aid had been under a cloud of uncertainty for

Rite Aid posts mixed results in second quarter

Rite Aid posts mixed results in second quarter

CAMP HILL, Pa. — Rite Aid Corp. reported declined sales and adjusted earnings per share in line with Wall Street’s forecast for its fiscal 2018 second quarter. Rite Aid said Thursday that for the second quarter ended Sept. 2, revenue totaled $7.68 billion, down 4.4% from $8.03 billion a year earlier. Sales in retail pharmacy

Kermit Crawford named Rite Aid president, COO

Kermit Crawford named Rite Aid president, COO

CAMP HILL, Pa. — Former Walgreen Co. pharmacy chief Kermit Crawford is joining Rite Aid Corp. as president and chief operating officer. Rite Aid said Thursday that Crawford is slated to start in the post on Oct. 5 and report to chairman and chief executive officer John Standley. Most recently at Walgreens, Crawford was a

WBA-Rite Aid deal is approved

WBA-Rite Aid deal is approved

DEERFIELD, Ill. — Winding down a nearly two-year process, Walgreens Boots Alliance Inc. (WBA) has gained Federal Trade Commission approval to buy 1,932 stores, three distribution centers and inventory from Rite Aid Corp. for $4.375 billion in cash. The transaction also includes the WBA’s assumption of related real estate leases and an option for Rite

Martindale leaves Rite Aid to run GNC

Martindale leaves Rite Aid to run GNC

CAMP HILL, Pa. — Ken Martindale, who was an integral part of the turnaround team at Rite Aid Corp., has left the company to head GNC Holdings Inc. Martindale, who was president of Rite Aid and chief executive officer of stores, has become CEO of GNC, which has almost 2,400 stores within a store at

Rite Aid’s KidCents begins mobile flu clinics

Rite Aid’s KidCents begins mobile flu clinics

CAMP HILL, Pa. — The Rite Aid Foundation has kicked off KidCents Mobile Flu Clinics, a three-week tour to provide free flu shots to children’s charities in communities served by Rite Aid. Also through its KidCents program, the Rite Aid Foundation has named 428 students as 2017 Folds of Honor scholarship recipients. Starting off in

Analysts size up new WBA-Rite Aid deal

Analysts size up new WBA-Rite Aid deal

NEW YORK — The impending closure of Walgreens Boots Alliance’s purchase of nearly 2,000 Rite Aid stores will clear the fog around both companies since their terminated merger deal and enable them to move ahead, Wall Street analysts say. WBA and Rite Aid yesterday announced that the Federal Trade Commission approved a downsized agreement in

WBA cleared by FTC to buy 1,932 Rite Aid stores

WBA cleared by FTC to buy 1,932 Rite Aid stores

DEERFIELD, Ill. — Winding down a process that has taken nearly two years, Walgreens Boots Alliance Inc. has gained Federal Trade Commission approval to acquire 1,932 stores, three distribution centers and related inventory from Rite Aid Corp. for $4.375 billion in cash. The companies said Tuesday that the transaction also includes the WBA’s assumption of

Report: WBA to fine-tune Rite Aid store deal

Report: WBA to fine-tune Rite Aid store deal

NEW YORK — Walgreens Boots Alliance (WBA) reportedly is modifying its agreement to buy 2,186 stores from Rite Aid Corp. to gain Federal Trade Commission approval for the deal, reached upon the termination of their planned merger. Bloomberg reported early Monday that WBA is winding down talks with the FTC and could soon unveil an

Fred’s appoints new chairman, posts 2Q net loss

Fred’s appoints new chairman, posts 2Q net loss

MEMPHIS, Tenn. — Fred’s Inc. has named recently added board member Heath Freeman, president and founding member of Alden Global Capital LLC, as chairman. Also on Wednesday, Fred’s reported a net loss for its fiscal 2017 second quarter. Adjusted earnings per share (EPS) were in line with Wall Street’s forecast. Freeman, who joined the Fred’s board

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