PP_1170x120_10-25-21

Heyward Donigan

Rite Aid opens new modern headquarters in Philadelphia’s Navy Yard

Rite Aid opens new modern headquarters in Philadelphia’s Navy Yard

PHILADELPHIA — Rite Aid unveiled its new headquarters in Philadelphia’s thriving Navy Yard district on Wednesday. The Rite Aid Collaboration Center, located on the second floor of 1200 Intrepid Avenue, will bring Rite Aid’s remote corporate workforce and associates together in a modern space with state-of-the-art amenities. The new headquarters, with its accessibility to major

Rite Aid’s Q4 revenue beats projections

Rite Aid’s Q4 revenue beats projections

PHILADELPHIA — Rite Aid Thursday reported fourth quarter revenue that topped Wall Street’s forecast. The company posted revenue of $6.065 billion for the period ended February 26, up 2.5 percent from $5.917 billion in the year-ago quarter and far greater than the FactSet consensus of $5.470 billion. The gain was driven by retail segment growth,

Rite Aid offering free COVID-19 tests to Medicare beneficiaries

Rite Aid offering free COVID-19 tests to Medicare beneficiaries

PHILADELPHIA — Beginning Monday, people with Medicare Part B can visit any Rite Aid  location and receive up to eight over-the-counter COVID-19 tests every month at no cost. As part of the Medicare COVID-19 Over-the-Counter Test Initiative, people covered by Medicare Part B can bring their red, white, and blue Medicare card to any Rite

Rite Aid realigns management and streamlines operations

Rite Aid realigns management and streamlines operations

PHILADELPHIA — Rite Aid Corp. announced on Tuesday steps to realign its management team and streamline the company’s operations, including the elimination of the Rite Aid chief operating officer (COO) position and consolidation of its pharmacy leadership. As a result, Jim Peters, COO, and Jocelyn Konrad, executive vice president and chief pharmacy officer, have left

Rite Aid announces new corporate workplace

Rite Aid announces new corporate workplace

PHILADELPHIA — Rite Aid has announced its corporate workplace of the future – a remote-first work approach for corporate associates, supported by a network of collaboration centers throughout the company’s geographic footprint. The reimagined workplace model focuses on flexibility for associates, while also creating an official headquarters space in Philadelphia designed specifically for in-person collaboration

Rite Aid promotes Andre Persaud to chief retail officer

Rite Aid promotes Andre Persaud to chief retail officer

CAMP HILL, Pa. — Rite Aid announced on Monday that Andre Persaud has been named chief retail officer. Persaud was appointed executive vice president, retail for Rite Aid in February 2020 and assumed responsibility for orchestrating new in-store experiences and retail operations processes in line with the company’s RxEvolution strategy. “Andre has not only proven

Rite Aid to present at J.P. Morgan Healthcare Conference

Rite Aid to present at J.P. Morgan Healthcare Conference

CAMP Hill, Pa. — Rite Aid Corp. announced today that Heyward Donigan, president and chief executive officer; Jim Peters, chief operating officer and Matt Schroeder, executive vice president and chief financial officer will participate in a fireside chat with investors at the on Monday, Jan. 11th at approximately 11:40 a.m. ET. The conference is a virtual

Rite Aid reports Q1 results for fiscal 2021

Rite Aid reports Q1 results for fiscal 2021

CAMP HILL, Pa. — As part of its ongoing efforts to closely manage and reduce costs, Rite Aid has eliminated 254 corporate office positions across its retail pharmacy and pharmacy services segments, the company reported today in the release of its earnings report for the first quarter. Rite Aid has also taken steps to reduce other

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