Rite Aid’s Net Income Rises In Q4

It was an active fourth quarter and fiscal year for Rite Aid, with the retailer selling some of its stores to Walgreens and forming a pending merger deal with Albertsons.

Walgreens Launches New Branding Campaign

Walgreens is focusing on what it called a legacy of care in a new, multifaceted brand positioning and identity that recently launched. The theme is reflected in the company’s new tagline, “Walgreens. Trusted since 1901.”

Rite Aid Q2 Comps Decline

As Rite Aid completed a store purchase deal with Walgreens and appointed a new president, the drug store chain saw its comparable store sales decline in the second quarter.

Walgreens Gains In Q3

As Walgreens Boots progresses on its new plan to acquire 2,186 Rite Aid stores, the company reported net earnings and sales gains in its third quarter.

Walgreens, Rite Aid Scrap Merger Plans

Walgreens and Rite Aid have terminated their merger agreement. The decision to terminate the merger agreement follows feedback on the merger’s prospects received from the Federal Trade Commission, Rite Aid said. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission’s clearance to complete the merger.

Fred’s Adds Two To Board

Fred’s Inc. had added two new board members as the company awaits a decision from the Federal Trade Commission on its acquisition of 865 Rite Aid locations.

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