Rite Aid has sent a letter to shareholders urging their support for the pending Albertsons merger at the company’s upcoming special meeting.
As it advances its merger with Rite Aid, Albertsons posted a first quarter net loss of $17.7 million versus a net loss of $204.9 million in the year-prior period.
Walgreens Boots Alliance has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (GuoDa), a leading retail pharmacy chain in China.
As Rite Aid prepares for its pending merger with supermarket operator Albertsons, the drug store chain posted a net loss in the first quarter.
The National Association of Chain Drug Stores (NACDS) has slated General Michael Hayden as the keynote speaker at the 2018 NACDS Total Store Expo.
Fred’s has completed the previously announced sale of certain assets of EntrustRx, its specialty pharmacy unit, to a subsidiary of CVS Health Corporation.
CVS Health has named the management team that will lead the company when it combines with insurance and health-related services provider Aetna.
Fiscal year fourth quarter net sales at Fred’s were up slightly as comparable store sales were down.