CAMP HILL, Pa. — Rite Aid Corp. said slim reimbursement rates, new generic drugs and the ongoing antitrust talks for the merger with Walgreens Boots Alliance (WBA) squeezed sales and earnings for its fiscal 2017 third quarter. Rite Aid said Thursday that for the third quarter ended Nov. 26, sales dipped 0.8% to $8.09 billion
CAMP HILL, Pa. — Rite Aid Corp. is providing American Express cardholders extra incentive to shop at Rite Aid by offering those participating in the Membership Rewards program the opportunity to use rewards points for eligible purchases. Eligible American Express Card members who have accumulated enough Membership Rewards points to pay for their purchase will
Chain drug industry watchers have kept hearing and reading the scuttlebutt about the closing of the Walgreens-Rite Aid merger deal. But a report late Friday afternoon suggested that approval of the $17.2 billion transaction may be imminent. Investor website Seeking Alpha reported that Walgreens Boots Alliance (WBA) is slated to have a package of store
MEMPHIS, Tenn. — In reporting a net loss for its fiscal 2016 third quarter, Fred’s Inc. said it plans to shut 40 underperforming stores in the first half of next year. Fred’s also announced at the start of its earnings call Thursday that it wouldn’t take any questions from analysts following its quarterly report —
RESEARCH TRIANGLE PARK, N.C. — Rite Aid Corp. has renewed its use of SciQuest’s Advanced Sourcing Optimizer (ASO) global sourcing software. SciQuest said Wednesday that Rite Aid, the nation’s third-largest drug chain, is a longtime customer and uses ASO to source major indirect spend categories. The solution provides the retailer with a tool for analyzing
The pending acquisition of Rite Aid Corp. by Walgreens Boots Alliance hasn’t interrupted the Camp Hill, Pa.-based drug chain’s rollout of its innovative Wellness Store format. About 49% of Rite Aid’s store base now has the Wellness concept in some way, shape or form. As of the company’s most recently reported quarter (fiscal 2017 second
NEW YORK — In support of National Influenza Vaccination Week, Rite Aid and CVS Pharmacy are giving consumers more reasons to come to their pharmacies for a flu shot. Rite Aid is offering customers $5 off the cash price of a flu vaccination through Dec. 17. The standard trivalent flu shot costs $27.99 and the
As the year nears its end, surprises continue to make news in chain drug retailing. Mostly, negative surprises. Earlier this month, CVS downsized its headquarters staff by some 600 employees, stopping for a moment the retailer’s uninterrupted string of good news. Following that announcement, the Woonsocket, R.I.-based drug chain issued a warning that results might
CAMP HILL, Pa. — Rite Aid Corp. is providing extra incentive for American Express cardholders to shop in its stores. This week, the drug chain announced that American Express card users participating in the Membership Rewards program can use those points for eligible purchases at Rite Aid’s nearly 4,600 stores nationwide. After building up enough
Walgreens Boots Alliance and Rite Aid recently extended the agreement end date for their merger transaction until late January, with the expectation that the deal will get the Federal Trade Commission’s OK in early 2017. As WBA’s store divestiture talks with the FTC roll on, Deutsche Bank Securities analyst George Hill shed some light on
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. have extended the time frame for completing their planned $17.2 billion merger. The companies have pushed back the end date for the deal by three months to January 27, and they expect the transaction to close early next year. Both companies had the
The United Nations Foundation last month recognized five individuals and organizations whose support has helped the UN address a range of serious issues around the globe. Honorees included President Obama for his efforts to end armed conflict and fight climate change; Ertharin Cousin, executive director of the World Food Programme; Maina Kiai, UN special rapporteur
CAMP HILL, Pa. — The Rite Aid Foundation is donating more than $1.8 million to charities in its KidCents program to honor customers who protect themselves, their families and their communities by getting flu shots this flu season. Each of the more than 360 KidCents charities, which are located in communities served by Rite Aid,
CINCINNATI — Procter & Gamble Co. and its home cleaning brands have teamed up with Rite Aid Corp. and the Pittsburgh Steelers’ Antonio Brown to give consumers a chance to win a trip to Super Bowl LI. In a video released Monday on Rite Aid’s YouTube channel and Brown’s Facebook page, the NFL wide receiver calls
