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.
Rite Aid has hired Texanna Reeves, a respected diversity and inclusion leader, to develop and implement the organization’s overall diversity, inclusion and belonging strategy.
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 entered into a definitive agreement under which the company will acquire Bartell Drugs.
As the company copes with the COVID-19 pandemic, Rite Aid beat a Wall Street earnings estimate for the second quarter.
Rite Aid has appointed Trent Kruse as svp/investor relations and treasury.
In a move to a company with which he once planned a blockbuster merger, Walgreens Boots Alliance has appointed John Standley as president of Walgreens.
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 named Paul Gilbert general counsel and corporate secretary. As general counsel, he will serve on Rite Aid’s executive leadership team and senior leadership team, and will assume leadership over the organization’s legal efforts.
Rite Aid is continuing to expand its COVID-19 testing capacity with the addition of 161 drive-through testing locations opening on July 16 in partnership with the U.S. Department of Health and Human Services (HHS).
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.
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.
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 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 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 has appointed Andre Persaud as evp/retail. Persaud will lead the retail operations for more than 2,400 Rite Aid locations.
Rite Aid delivered a solid third quarter as the drug store chain looked to revitalize its business growth strategies going forward into 2020.
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.