As the year 2015 winds down, the chain drug community must face the reality that the coming year will be unlike any that has preceded it. The same drug chains still rule the U.S. landscape. But the content of their character and the face of the people who guide them are vastly different than in
CAMP HILL, Pa. — To celebrate American Pharmacist Month, Rite Aid Corp. has launched its annual “Vote for Your Favorite Pharmacy Team Member Contest.” The drug chain said Thursday that the contest, which runs to Oct. 31, gives customers a chance to win $2,500 in Rite Aid gift cards by nominating a favorite member of
CAMP HILL, Pa. — Same-store sales at Rite Aid Corp. edged up in September despite flat results in the front end. Rite Aid said Thursday that for the four weeks ended Sept. 26, comparable-store sales rose 1.5% year over year, about the same as the 1.6% comp-store gain in August. Front-end same-store sales dipped 0.1%
CAMP HILL, Pa. — A new chapter opened for Rite Aid Corp. in its fiscal 2016 second quarter, as the company began reporting financial results under a new structure that incorporates recently acquired pharmacy benefit manager (PBM) EnvisionRx. Going forward, Rite Aid will report results in two business segments: retail pharmacy (including Rite Aid drug
CAMP HILL, Pa. — Rite Aid Corp. trimmed its full-year earnings guidance to reflect pharmacy margin pressure and lower expectations for same-store sales. The company also pruned its revenue forecast. “Our guidance reflects our expectations for continued reimbursement rate pressure and the benefits from the McKesson purchasing agreement, as well as the anticipated benefits of
VIRGINIA BEACH, Va. — Rite Aid Corp. is recognizing 274 students around the country who are receiving Folds of Honor educational scholarships made possible by a $1.3 million donation from the Rite Aid Foundation’s KidCents program. The celebration kicked off earlier this month at a Virginia Beach Rite Aid store, where Rite Aid president and
CAMP HILL, Pa. — A new marketing campaign by Rite Aid Corp. targets the worksite as a place to stop the spread of flu. The drug chain has begun airing television and radio spots and launched print, digital and in-store advertising that convey a simple message: Most people get sick at work, so protect yourself
CAMP HILL, Pa. — Rite Aid Corp. saw revenue surge in its fiscal 2016 second quarter, its first including results for recently acquired pharmacy benefit manager EnvisionRx. Rite Aid said Thursday that sales for the second quarter ended Aug. 29 totaled $7.66 billion, up 17.5% from $6.52 billion a year earlier. For the first time,
CAMP HILL, Pa. — Rite Aid Corp. has purchased pharmacy files from 12 A&P supermarkets for about $8.1 million. The deal was approved late last month in bankruptcy court. The files are from pharmacies in stores — including seven in New Jersey — that A&P earmarked for immediate closing when it filed for bankruptcy in
DENVER — Pharmacy veteran Robert Thompson received the Harold W. Pratt Award, considered pharmacy’s highest honor, from the National Association of Chain Drug Stores during a business program at the 2015 NACDS Total Store Expo. Thompson’s pharmacy career spans nearly four decades. Joining Rite Aid Corp. in 2004, he served in a variety of management
CAMP HILL, Pa. — This month, Rite Aid associates across the country will honor 274 students receiving Folds of Honor educational scholarships provided by The Rite Aid Foundation’s KidCents program. On Wednesday, Ken Martindale, CEO of stores and president at Rite Aid, and Major Dan Rooney, CEO and founder of Folds of Honor, will inaugurate
VANCOUVER, British Columbia — NeutriSci International Inc. has entered a national distribution agreement for its NeuEnergy chewable energy tablets with Rite Aid Corp., which has nearly 4,600 drug stores in 31 states and the District of Columbia. “The addition of such a strong retail partner like Rite Aid to our current distribution network further demonstrates
CAMP HILL, Pa. — Rite Aid Corp. posted a slight gain in comparable-store sales for August. Rite Aid said Thursday that for the five weeks ended Aug. 29, same-store sales edged up 1.6% year over year. The increase continued the drug chain’s positive trend in comp-store sales for 2015 but was down from gains earlier
Rite Aid Corp. chairman and chief executive officer John Standley recently explained how retail pharmacies can promote value-based care in an opinion piece for the Philadelphia Inquirer/Daily News on Philly.com. Standley stresses that new payment models and value-based payments, which focus on the quality rather than the quantity of care, can help the nation grapple
