ECRM_1170x120_8-1-17

Wellness Stores

Post-sale, Rite Aid foresees more productive store base

Post-sale, Rite Aid foresees more productive store base

CAMP HILL, Pa. — Rite Aid Corp. envisions a smaller but better-performing store base following the expected closing of its deal to sell nearly half its stores to Walgreens Boots Alliance Inc. (WBA). In a recent filing with the Securities and Exchange Commission, Rite Aid provided a more detailed picture of its store base after

Rite Aid finishes fiscal 2016 on an up note

Rite Aid finishes fiscal 2016 on an up note

CAMP HILL, Pa. — Boosted by its acquisition of EnvisionRx, Rite Aid Corp. saw sales rise for its fiscal 2016 fourth quarter and full year, with adjusted earnings per share topping Wall Street estimates for both periods. Rite Aid said Thursday that for the fourth quarter ended Feb. 27, sales totaled $8.27 billion, up 20.8%

Rite Aid gets 2Q sales boost from EnvisionRx

Rite Aid gets 2Q sales boost from EnvisionRx

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,

Rite Aid names Martindale as CEO of stores

Rite Aid names Martindale as CEO of stores

CAMP HILL, Pa. — In a reorganization of key leadership, Rite Aid Corp. has promoted president and chief operating officer Ken Martindale to the newly created position of chief executive officer of Rite Aid stores. The drug chain said late Monday that Martindale, 55, takes the new post effective immediately and will continue to report