Rite Aid Delivers Solid Q3
Rite Aid delivered a solid third quarter as the drug store chain looked to revitalize its business growth strategies going forward into 2020.
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Amazon Emphasizes Free Delivery Options For The Holidays
As it looks forward to the holidays, Amazon is touting its expanded free delivery options, providing Prime members across the United States access to more than 10 million items available for next-day drop-off.
Rite Aid Appoints Peters Chief Operating Officer
Rite Aid has appointed Jim Peters as the company’s chief operating officer. Peters will lead all aspects of Rite Aid’s pharmacy and clinical strategy development and execution; health plan, health system and strategic corporate relationships; marketing and merchandising; corporate development, strategy and communications.
Rite Aid Reports Net Loss In Q2
With a new CEO now at the helm, Rite Aid reported a net loss as revenues fell short in the second quarter.
Rite Aid Appoints Donigan CEO
Rite Aid’s board of directors has appointed Heyward Donigan as chief executive officer and a member of the board, effective immediately. As planned, John Standley will step down from his role as CEO.
Rite Aid Releases Social Responsibility Report
Rite Aid has released its inaugural corporate social responsibility report. The report highlights the company’s latest accomplishments with respect to the economic, environmental and social issues related to the business.
Rite Aid Net Loss Grows In Q1
For the first quarter, Rite Aid posted a deeper net loss as the retailer continued to explore ways to drive future growth, including striking a deal with Amazon’s new Counter package pickup program.
Amazon, Rite Aid Team To Launch Counter Package Pickup Program
Amazon has launched a new service, Counter, which creates a network of staffed pickup points that gives consumers the option of picking up their Amazon packages at a partner location.
Rite Aid Teams With Adobe To Drive Digital Initiatives
Rite Aid has entered into a strategic partnership with Adobe to deliver seamless, personalized and connected health and wellness experiences for Rite Aid customers via Adobe Experience Cloud, an end-to-end solution for experience creation, marketing, advertising, analytics and commerce.
Rite Aid Names Keptner Chief Marketing And Merchandising Officer
Rite Aid has named Erik Keptner to the newly created position of senior vice president and chief marketing and merchandising officer, effective June 24, 2019.
Rite Aid Foundation Donates To Folds Of Honor
Over the Memorial Day weekend, The Rite Aid Foundation announced a three-year, $6 million commitment to Folds of Honor, a nonprofit organization that provides educational scholarships to children of military service members who have been killed or seriously wounded while serving the country.
Rite Aid Regains NYSE Compliance
Rite Aid said that the New York Stock Exchange (NYSE) has notified the company that it has regained full compliance with NYSE minimum average share price listing requirements.
Rite Aid Adds Executives To Board Of Directors
Rite Aid’s board of directors has appointed Elizabeth Burr, who most recently served as chief innovation officer and vp/health care trend and innovation at Humana, and Katherine Quinn, who currently serves as vice chairman and chief administrative officer of U.S. Bancorp, to the company’s board.
Rite Aid Touts Growth Initiatives Despite Q4 Net Loss
As it continues struggling to generate profits, Rite Aid posted a net loss from continuing operations of $255.6 million, or 24 cents per share, versus a net loss of $483.7 million, or 46 cents per share, in the year-earlier period.
Rite Aid Restructures, CEO Steps Down
Rite Aid has begun a leadership transition plan and an organizational restructuring to better align its structure with the company’s operations and to reduce costs.
Rite Aid Refinances Revolving Credit Facility
Rite Aid has entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility.
Walgreens Generates Solid Q1, Launches Cost Cutting Plan
Walgreens Boots Alliance generated a solid first quarter while launching a cost management program that will look to save more than $1 billion.
Rite Aid Q3 Sales Grow, Net Loss Shrinks
First quarter net revenue at Rite Aid was up slightly as an increase in its retail pharmacy segment helped boost sales in the three month period ended December 1.
Rite Aid Names Mennen Chief Information Officer
Rite Aid has named Justin Mennen svp/chief information officer.
Rite Aid Posts Q2 Loss As It Shifts Strategy
After its failed merger attempt with Walgreens Boots Alliance, Rite Aid has been developing a standalone strategy to move forward, but still saw a net loss in the second quarter.