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Rite Aid

Rite Aid expands loyalty plan by joining coalition

Rite Aid expands loyalty plan by joining coalition

NEW YORK — Rite Aid Corp. has joined with a group of blue-chip companies to launch Plenti, described as the first U.S.-based coalition loyalty program. Operated by American Express, the free program will let consumers earn and redeem points for purchases at all of the participating companies, regardless of the payment method. Along with Rite

New store represents milestone for Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. has opened its first newly built store since 2010 in Harrisburg, Pa., not far from the company’s headquarters here. The 14,500-square-foot store features the chain’s wellness store format: Customers entering the store see a wooden path that leads to the pharmacy department. As at other of the chain’s

Rite Aid sees same-store sales climb in March

Rite Aid sees same-store sales climb in March

CAMP HILL, Pa. — Gains in both the front end and pharmacy lifted same-store sales at Rite Aid Corp. in March. Rite Aid said Thursday that for the four weeks ended March 28, comparable-store sales climbed 4.3% year over year. That was up from a 3.3% comp-store sales increase in February. In the front end,

Chain drug industry backs ‘better, smarter’ care

Chain drug industry backs ‘better, smarter’ care

WASHINGTON — The National Association of Chain Drug Stores joined President Barack Obama and Secretary of Health and Human Services Sylvia Burwell at the White House to launch the Health Care Payment Learning and Action Network, whose participants include Rite Aid, Walgreens and Walmart. Announced Wednesday, the Health Care Payment Learning and Action Network brings

Rite Aid to fund EnvisionRx buy with $1.8 billion bond offering

Rite Aid to fund EnvisionRx buy with $1.8 billion bond offering

CAMP HILL, Pa. — Rite Aid Corp. plans a $1.8 billion bond offering to finance its pending acquisition of pharmacy benefit manager Envision Pharmaceutical Services (EnvisionRx). Rite Aid said late Wednesday that it will offer $1.8 billion of senior unsecured notes due in 2023. Plans call for the offering’s net proceeds, together with other available

Rite Aid partners in coalition loyalty program

Rite Aid partners in coalition loyalty program

NEW YORK — Rite Aid Corp. is the exclusive drug store partner in what’s being called the first U.S.-based coalition loyalty program. Named Plenti, the program will enable consumers to earn and use points for purchases at all of the participating companies, regardless of the payment method. Along with Rite Aid, Plenti’s inaugural partners include

Rite Aid enters PBM business via acquisition

CAMP HILL, Pa. — Rite Aid Corp. has broadened and deepened its health care footprint by agreeing to acquire pharmacy benefits manager Envision Pharmaceutical Services (EnvisionRx) for around $2 billion in cash and stock from TPG, a private investment firm. The transaction, which has been approved by the boards of directors of both companies, is

Rite Aid seeks innovative ideas

CAMP HILL, Pa. — Rite Aid Corp. has launched what the company calls a nationwide Innovation Challenge aimed at gathering original product ideas that can improve the health and well-being of its customers. The challenge, which runs through March 31, is being conducted in partnership with Edison Nation Medical, a leader in medical and health

Rite Aid opens first net new store in five years

Rite Aid opens first net new store in five years

CAMP HILL, Pa. — In another sign of its financial turnaround, Rite Aid Corp. has opened its first newly built store since 2010. Rite Aid on Tuesday held a ribbon-cutting ceremony for the new 14,500-square-foot store, located at 4999 Jonestown Rd. in Harrisburg, Pa., not far from the company’s headquarters in Camp Hill, Pa. U.S.

Rite Aid posts sales gains for February, fiscal year

Rite Aid posts sales gains for February, fiscal year

CAMP HILL, Pa. — Rite Aid Corp. kept up its same-store sales momentum in February and reported increased sales for the fourth quarter and fiscal year, the latter finishing in line with the company’s forecast. Rite Aid said Thursday that for the five weeks ended Feb. 28, comparable-store sales rose 3.3% year over year. The

Drug, mass retail execs make ’50 Most Powerful Women’ list

NEW YORK — Executives from Walmart, Sam’s Club, Rite Aid, Walgreens and Family Dollar Stores made Black Enterprise magazine’s “50 Most Powerful Women in Corporate America” list. Featured on the publication’s February 2015 cover, the list was culled from thousands of candidates across industries — including the finance, pharmaceutical and retail sectors — and the

With RediClinic openings, Rite Aid marks next step in its evolution

With RediClinic openings, Rite Aid marks next step in its evolution

NEWTOWN SQUARE, Pa. — Rite Aid Corp.’s retail health care strategy took a big step forward with the official opening of RediClinic health clinics in two dozen of its stores. Ken Martindale, president and chief operating officer of Rite Aid; Robert Thompson, the drug chain’s executive vice president of pharmacy; and RediClinic chief executive officer

Regional Chain Conference: NACDS cites value of partnerships

Regional Chain Conference: NACDS cites value of partnerships

NAPLES, Fla. — The value of business-to-business partnerships was emphasized at the National Association of Chain Drug Stores Regional Chain Conference here earlier this month. Even as their pharmacists deliver immunizations, medication therapy management and counseling, small chains can partner with other retailers and suppliers to improve care and services, Tim Weber, vice president of

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