February 12, 2018 by Bill Schiffner
John Standley, Rite Aid, Rite Aid category management staff, Walgreens Boots Alliance
2018, Issue 02-12-2018, Issues, News
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
February 9, 2018 by Chain Drug Review
John Standley, Rite Aid, Rite Aid asset sale, Walgreens Boots Alliance
Business, Retail News
CAMP HILL, Pa. — Rite Aid Corp. has completed the transfer of more than half of the stores it agreed to sell to Walgreens Boots Alliance last fall. Rite Aid said that, as of Feb. 8, it has transferred ownership of 1,114 stores and related assets to Walgreens Boots Alliance for cash proceeds of $2.424 billion.
January 23, 2018 by Chain Drug Review
John Standley, Rite Aid, Rite Aid asset sale, Walgreens Boots Alliance
Business, Leading Headlines, Retail News
CAMP HILL, Pa. — Rite Aid Corp. has transferred ownership of nearly a third of the stores sold to Walgreens Boots Alliance (WBA) under a $4.375 billion deal announced in September. Rite Aid said late Monday that WBA has taken ownership of 625 stores and related assets thus far, for which it has paid Rite Aid
January 17, 2018 by Chain Drug Review
2018 Retail Forecast, Albertsons, Alex Gourlay, AmerisourceBergen, Brian Nightengale, Cardinal Health, Care Pharmacies, Carmen Churcott, Chris Dimos, CVS Health, Discount Drug Mart, Fruth Pharmacy, Genoa, Good Neighbor Pharmacy, Hy-Vee, Jeff Leger, John Figueroa, John Standley, Kristin Williams, Larry Merlo, Lynne Fruth, Mark Panzer, McKesson, Medicine Shoppe, Michael Wysong, Mike Eby, Pharmaca, Pharmasave, Richard Willis, Rite Aid, Robert Mauch, Shoppers Drug Mart, Steve Lawrence, Todd Treon, Walgreens Boots Alliance
Featured Articles, Leading Headlines, Pharmacy, Retail News
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
January 9, 2018 by Chain Drug Review
Darren Karst, John Standley, Kermit Crawford, new Rite Aid, Rite Aid
Business, Featured Articles, Leading Headlines, Retail News
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
January 3, 2018 by Chain Drug Review
John Standley, Rite Aid, Walgreens Boots Alliance
Business, Leading Headlines, Retail News
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
December 11, 2017 by Geoff Walden and Chain Drug Review
John Standley, Rite Aid, Stefano Pessina, Walgreens, Walgreens-Rite Aid merger
2017, Issue 12-11-2017, Issues, News
CAMP HILL, Pa. — Walgreens Boots Alliance has taken over the first 97 of its acquired Rite Aid Corp. stores. WBA purchased 1,932 stores under a revised deal with Rite Aid after the government thwarted its acquisition of the entire chain. WBA also picked up three distribution centers and related inventory from Rite Aid as
November 28, 2017 by Chain Drug Review
John Standley, Rite Aid, Walgreens Boots Alliance, Walgreens-Rite Aid merger deal
Business, Featured Articles, Leading Headlines, Retail News
CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) has taken over the first group of Rite Aid stores as part of the asset sale agreement the companies unveiled in September. Rite Aid Corp. said late Monday that it has transferred 97 stores and related assets to WBA. This completes the pilot closing and first subsequent
October 9, 2017 by Chain Drug Review
John Standley, Ken Martindale, Kermit Crawford, Rite Aid Walgreens, Walgreens Boots Alliance
2017, Issue 10-09-2017, Issues, News
CAMP HILL, Pa. — Rite Aid Corp. has landed a high-profile industry executive to help steer it through a transition phase into a much smaller company. Last week, former Walgreen Co. pharmacy chief Kermit Crawford joined Rite Aid as president and chief operating officer. Most recently at Walgreens, Crawford was a corporate executive vice president
September 28, 2017 by Chain Drug Review
John Standley, Kermit Crawford, Rite Aid, Walgreens, Walgreens Boots Alliance, Walgreens-Rite Aid merger
Business, Featured Articles, Leading Headlines, Retail News
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
September 28, 2017 by Chain Drug Review
John Standley, Ken Martindale, Kermit Crawford, Rite Aid, Walgreens
Business, Featured Articles, Leading Headlines, Retail News
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
September 25, 2017 by Bill Schiffner
John Standley, Rite Aid, Stefano Pessina, Walgreens Boots Alliance, Walgreens-Rite Aid merger
2017, Issue 09-25-2017, Issues, News
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
September 25, 2017 by Geoff Walden and Chain Drug Review
Bob Moran, Bryan Everett, GNC Holdings, John Standley, Ken Martindale, Rite Aid, Tricia Tolivar
2017, Issue 09-25-2017, Issues, News
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
September 19, 2017 by Bill Schiffner
John Standley, Rite Aid, Stefano Pessina, Walgreens Boots Alliance, Walgreens Boots Alliance Development GmbH, Walgreens-Rite Aid merger
Featured Articles, Leading Headlines, Retail News
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