PHILADELPHIA — Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation. In connection with this process, Rite Aid said it has
PHILADELPHIA — Rite Aid has appointed Jeanniey Walden chief marketing officer, making permanent an interim role the seasoned executive has held since March. Walden will continue to play a critical role in the company’s growth strategy to help create meaningful customer, client, and member experiences for millions of Americans. As CMO, she will also oversee
PHILADELPHIA — Rite Aid Corp. reported a narrower first quarter loss than analysts had projected, and beat revenue forecasts. The company posted an adjusted loss per share loss of 73 cents, which was much better than Wall Street’s estimate of $1.50. Revenue for the period ended June 3 dipped to $5.653 billion from $6.015 billion
PHILADELPHIA _ Thomas Sabatino has joined Rite Aid as chief legal officer. He will play a pivotal role in the company’s strategy to help create meaningful customer, client, and member experiences for millions of Americans. As chief legal officer, he will oversee legal affairs, including enterprise risk management, compliance, regulatory affairs, and privacy. “As we
PHILADELPHIA — Rite Aid reported a net loss of $241.3 million, or $4.39 per share, for its fourth quarter, compared to a net loss of $389.1 million, or $7.18 per share in the year-ago period. The adjusted net loss of $68.2 million, or $1.24 per share, was wider than the 78 cents per share expected
PHILADELPHIA — Rite Aid reported a narrower than projected loss and topped Wall Street’s revenue forecast for its third quarter. The company reported an adjusted loss of $7.9 million, or 14 cents a share. Analysts had estimated it would be 15 cents a share. Revenue of $6.08 billion bettered Wall Street’s expectation of $5.94 billion.
PHILADELPHIA – Rite Aid Corp. announced Mpox vaccine offerings at select locations in Philadelphia in partnership with the Philadelphia Department of Health. The Centers for Disease Control and Prevention (CDC) recommends vaccination for people who have been exposed to monkeypox and people who may be more likely to contract monkeypox in the future. Currently, 10
NEW YORK – ValueBlue, creators of the BlueDolphin agile enterprise application collaboration platform, today announced that Rite Aid is the latest retailer to adopt BlueDolphin, the enterprise SaaS tool that helps organizations map out and execute business transformation. ValueBlue is working with Rite Aid to standardize business processes and increase connectivity between business units. Rite
PHILADELPHIA, Pa. – Rite Aid Corp. on Thursday opened its first Rite Aid Pharmacy location in Craigsville, Virginia, the first in a pilot program to improve access for pharmacy services in “pharmacy deserts” and underserved communities. The company plans to open two more Rite Aid Pharmacy locations in Virginia by early 2023. Each new Rite
PHILADELPHIA — Rite Aid and Grubhub announced on Thursday that they’ve partnered to deliver thousands of Rite Aid’s drugstore products right to customers’ doorsteps. More than 2,000 locations in 16 states are available on the Grubhub Marketplace for delivery. Cold and flu season peaks between December and February, but there has already been a high and early
PHILADELPHIA — Rite Aid announced that president and CEO Heyward Donigan and CFO Matt Schroeder will present at the Credit Suisse 31st Annual Healthcare Conference in Rancho Palos Verdes, California, on November 9th at 4:25 p.m. Eastern Time. The presentation can be viewed live via webcast accessible on Rite Aid’s Investor Relations site: https://investors.riteaid.com/overview/default.aspx.
PHILADELPHIA — As the U.S. Centers for Disease Control & Prevention (CDC) warns of early increases in seasonal influenza cases, Rite Aid (NYSE: RAD) addresses common misperceptions about vaccination and stresses the importance of staying up to date on flu and COVID-19 vaccinations before Halloween. “People are looking forward to celebrating Halloween and the upcoming holiday
PHILADELPHIA — With flu and respiratory illnesses expected to increase during fall and winter months, Rite Aid is making diagnostic testing easier for Michigan customers with rapid point-of-care testing now available at all stores throughout the state. Point-of-care testing provides customers with rapid turnaround of test results combined with onsite prescriptions for those who test
PHILADELPHIA _ Following FDA authorization and new CDC recommendations, Rite Aid stores, including Bartell Drugs in the Pacific Northwest, are now offering updated boosters of the Pfizer-BioNTech and Moderna COVID-19 vaccines for children ages five and older. Both vaccines require that it has been at least two months since completion of primary COVID vaccination series