Rite Aid Trims Q1 Loss
Front-end sales helped boost Rite Aid’s first quarter, one when it cut the company’s adjusted loss versus the period in the year past.
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Rite Aid Teams With Instacart For Front-End Delivery Service
Rite Aid has partnered with Instacart, which will allow customers to conveniently order and receive essential health care and grocery items delivered directly to their homes during the COVID-19 pandemic and beyond.
Rite Aid Sales Rise, Loss Widens In Q4
As Rite Aid provides communities with essential care, services and products during the COVID-19 pandemic, the company reported sales growth in the fourth quarter, although the drug store retailer also saw its net loss widen.
Rite Aid Plans To Hire 5K Associates
Rite Aid has expanded actions the company is taking in response to the COVID-19 pandemic. Beginning immediately, Rite Aid plans to hire 5,000 associates for full and part-time roles across the country to support store and distribution center teams. Positions will include cashiers, pharmacy technicians and distribution center associates.
Rite Aid Expanding COVID-19 Initiatives
Rite Aid has joined the White House COVID-19 Response Working Group and is piloting limited coronavirus testing at one location in Philadelphia seven days a week from 9 a.m. to 5 p.m.
Rite Aid Appoints Persaud EVP/Retail
Rite Aid has appointed Andre Persaud as evp/retail. Persaud will lead the retail operations for more than 2,400 Rite Aid locations.
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.
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.