As it continues to cope with conditions created by the COVID-19 pandemic, Rite Aid net income from continuing operations declined in the third quarter, but the company still beat a Wall Street estimate by 41 cents.
Taking the next step in its transformation, Rite Aid said it has launched a refreshed brand with an advertising campaign that demonstrates its commitment to provide the fusion of traditional medicine and alternative remedies to help consumers not just get healthy, but get thriving.
Rite Aid has appointed Angele Robinson-Gaylord as svp/store development. Robinson-Gaylord will play a key role in executing and managing renovations for Rite Aid’s stores of the future, a critical component of its RxEvolution strategy, that will transform Rite Aid stores into destinations for holistic health and wellness.
Rite Aid has appointed Trent Kruse as svp/investor relations and treasury.
Rite Aid has deepened its bench of health industry leaders with the appointment of two new executives: Roxanne Schwans has joined the company to lead market access and pharmacy purchasing, and Chris Bohrer has joined to build out Rite Aid’s health plan solutions business and strategic initiatives.
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 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.
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 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.