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
CAMP HILL, Pa. — As America grapples once again with profound issues regarding race, justice and the treatment of people of color in the wake of tragic events in recent weeks, The Rite Aid Foundation commits to combat racism and foster more diverse, inclusive and equitable opportunities in communities by launching a Racial Equity Awareness
Entrenched assumptions about the role of community pharmacy are being uprooted by the COVID-19 crisis, and leaders of five of the nation’s largest retailers accelerated the process earlier this week during a meeting with President Trump and the Coronavirus Task Force at the White House. The executives were there to lend support to the public-private
CAMP HILL, Pa. — Rite Aid expanded COVID-19 testing criteria to include all individuals 18 and older exhibiting any of the following symptoms: fever, cough, shortness of breath, chills, repeated shaking with chills, muscle pain, headache, sore throat, new loss of taste or smell. Rite Aid currently offers self-swab testing sites at 25 store locations
WASHINGTON – At the White House yesterday, NACDS chairman of the board Richard Ashworth, president of Walgreens, lauded the dedication and professionalism of pharmacists serving in communities throughout the nation. Remarks of Ashworth and of the leaders of four other NACDS member companies signaled ongoing expansion of COVID-19 testing through public-private partnerships, and were delivered
Editor’s note: This is part of a series of articles on how retailers are responding to the COVID-19 crisis. As the COVID-19 pandemic shutters schools, clears freeways and shuts down entire cities, more than 50,000 Rite Aid associates have found themselves on the front lines of a once-in-a-generation public health crisis. We’re living our mission
CAMP HILL, Pa. — Rite Aid Corp. reported on Thursday its earnings for its fourth quarter as well as the fiscal year, which ended February 29, 2020. For the fourth quarter, the company reported net loss from continuing operations of $343.5 million, or $6.43 per share; adjusted net loss from continuing operations of $19.9 million,
CAMP HILL, Pa. — Rite Aid plans to expand COVID-19 testing sites as part of its partnership with the White House Coronavirus Task Force. In addition to the current testing site in Philadelphia, Rite Aid has added a new location, at a Rite Aid store located at 2604 Linglestown Road in Harrisburg, Pennsylvania. In coordination
Intense focus on the COVID-19 pandemic and its pervasive impact on life in this country should not be allowed to obscure what at any other time would be seen as one of the year’s most important developments in the retail pharmacy sector. Rite Aid’s new management team, headed by president and chief executive officer Heyward
CAMP HILL, Pa. — Rite Aid announced on Monday expanded actions the company is taking in response to the COVID-19 pandemic. Beginning immediately, Rite Aid plans to hire 5,000 associates for full and part-time roles across the country to support store and distribution center teams. Positions will include cashiers, pharmacy technicians and distribution center associates.
CAMP HILL, Pa. — Rite Aid announced Wednesday it has taken several steps to support its employees, customers and the local communities the company serves during the global coronavirus (COVID-19) pandemic. Medication Availability/Delivery Beginning immediately, home-delivery service from Rite Aid will be available upon request and the company will waive delivery-service fees for eligible prescriptions.
CAMP HILL, Pa. — Rite Aid Corp provided an outline of the company’s corporate strategy and growth plan at its Analyst Day held via webcast on Monday. The company also is also detailed how its strategic initiatives are designed to drive revenue and Adjusted EBITDA growth, as well as reduce the company’s leverage ratio. “Rite
CAMP HILL, Pa. – Rite Aid announced on Tuesday the appointment of Andre Persaud as executive vice president, retail. Persaud will lead the retail operations for more than 2,400 Rite Aid locations. His responsibilities will include inventory and supply chain management, field team management, store operations, asset protection and facility maintenance and repairs. His retail
CAMP HILL, Pa. — Rite Aid Corp. Thursday reported better-than-expected third quarter sales and earnings. The company also narrowed its fiscal 2020 earnings forecast while maintaining its revenue guidance. The results lifted the retailer’s shares more than 20% to over $10. For the quarter ended November 30, adjusted net income was $29.1 million, or 54 cents
