CAMP HILL, Pa. — Ahead of the August 9 shareholders vote on the proposed merger with Albertsons, Rite Aid Corp. reported operating results for its first fiscal quarter ended June 2, 2018. For the first quarter, the company reported net loss from continuing operations of $41.7 million, or $0.04 per share, Adjusted net loss from
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies. Announced in late February, the merger will join the nation’s second-largest supermarket operator with its third-largest drug chain. Overall, the company will generate
BOISE, Idaho — Albertsons Cos. has promoted Sean Barrett to senior vice president of advertising and marketing. Barrett has been at Albertsons since 2015. At the time of his promotion, he was serving on the retailer’s own brands team as group vice president of innovation, product and brands. “Sean’s depth of expertise in retail makes
BOISE, Idaho — Albertsons Cos. has withdrawn its plan for an initial public offering. In its filing with the Securities and Exchange Commission, Albertsons noted that the registration statement for the offering was originally filed by the company on July 8, 2015, and was most recently amended on November 8, 2017. Albertsons said in its
BOISE, Idaho — Albertsons Cos. is launching a new digital marketplace for food and wellness products, and the retailer is inviting suppliers of new and niche brands to be a part of it. “At Albertsons Cos., we have always prided ourselves on our wide assortment,” said Narayan Iyengar, who joined the company last year as
NEW YORK — The U.S. health care industry has been in flux for a number of years, but the pace of transformation now appears to be accelerating rapidly. Several of the biggest players in the U.S. health care sector are making moves to confront an uncertain future — one that may bring unwelcome competition and
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
BOISE, Idaho — Albertsons Cos. is highlighting no-appointment flu shots at its pharmacies in response to reports of heightened influenza activity in parts of the country. The food and drug retailer said late Wednesday that the Centers for Disease Control and Prevention (CDC) Flu Surveillance Report indicated local, regional and widespread flu activity in the United States,
NEW YORK — Community pharmacy operators continue to respond to an unprecedented string of natural disasters across the United States. CVS Pharmacy, Walgreens, Rite Aid Corp., Discount Drug Mart, Albertsons Cos., Kroger Co. and Walmart are among the community pharmacy operators contributing funds and other assistance. The Albertsons Cos. Foundation organized an in-store fund-raiser to
NEW YORK — Hurricane Irma, one of the most powerful storms ever to hit the United States, sent retail spending in the Miami, Fort Lauderdale and West Palm Beach area of Florida spiraling downward, with sales plunging more than 72% over a three-day period, according to payment technology company First Data Corp. The company, which
ARLINGTON, Va. — Though Hurricane Harvey has dissipated, it has left many in the Greater Houston area as well as parts of southwestern Louisiana reeling in its aftermath. From initial estimates it appears Harvey’s economic impact will be every bit as staggering as its winds were. Financial analysis firm Moody’s Analytics tallies the costs of
NEW YORK — Retailers stepped forward to help with relief efforts for Hurricane Irma even as they continued their own recovery efforts to get stores and other facilities back into operation. Across Florida, where Irma made landfall in the continental United States last Saturday, drug chains, supermarkets and mass merchandisers shuttered stores as winds topping
BOISE, Idaho — Albertsons Cos. has appointed former Sam’s Club chief executive officer Kevin Turner to serve as vice chairman of the board of managers at its direct parent company, AB Acquisition LLC. Turner will also serve as senior advisor to Albertsons chairman and chief executive officer Bob Miller. Turner brings extensive retail and technology
The biggest stories to come out of chain drug retailing thus far in 2017 are non-stories. Indeed, it’s grocery and discount store retailers that are making all the news, while drug chains continue to anticipate the newest developments — or, more likely, wait for them to happen. In the supermarket business, Albertsons Cos. is making
