Rite Aid

  1. Channel: Drug

Andre Persaud leaves Rite Aid

CAMP HILL, Pa. — Andre Persaud, chief retail officer at Rite Aid, has left the company. Bill Miller, senior vice president of central retail operations, will serve as acting head of retail operations. Chief pharmacy officer Karen Staniforth will oversee store pharmacy operations. The company provided no details on Persaud’s departure, saying, “We appreciate his […]
< 1 min read
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  1. Channel: Drug

Justice Department sues Rite Aid for violating the Controlled Substances Act

The Justice Department on Monday filed a lawsuit against Rite Aid for allegedly violating the Controlled Substances Act, alleging that the company “knowingly filled unlawful prescriptions for controlled substances.” In a statement, Attorney General Merrick Garland said the Department of Justice is “using every tool at our disposal” to hold Rite Aid accountable for contributing […]
2 min read
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  1. Channel: Drug

Walgreens Bows To State AG Mifepristone Threats

Politico reports that Walgreens “confirmed Thursday that it will not dispense abortion pills in several states where they remain legal — acting out of an abundance of caution amid a shifting policy landscape, threats from state officials and pressure from anti-abortion activists. “Nearly two dozen Republican state attorneys general wrote to Walgreens in February, threatening […]
2 min read
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  1. Trends & External Forces

Your Views:  True Colors

Yesterday I had a story in MNB that took note of a Fox News report that the Attorneys General of 19 states “warned major retailers against the Food and Drug Administration’s (FDA) attempt to let pharmacies mail out the abortion pill, and said doing so would subject to legal action from the states.” At issue […]
4 min read
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  1. Shopper & Customer

Three Moves Retail and Consumer Goods Companies Need to Master in 2023

The last few years have brought unique challenges to the global marketplace, and 2023 is undoubtedly poised to continue the trend.  While the lingering effects of the pandemic – including supply chain constraints and labor shortages – have started to lessen in markets around the world, reduced consumer demand and inventory overstock, rising labor costs, […]
4 min read
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  1. Corporate Strategy

Bob Miller joins board at Save Mart Cos.

MODESTO, Calif. — Supermarket industry veteran Robert (Bob) Miller has been named to the board of directors at The Save Mart Companies, a California-based grocer that operates approximately 200 Save Mart, Lucky California, and FoodMaxx stores in the California Central Valley, Bay Area, and Northern Nevada. Save Mart, which is owned by Kingswood Capital Management, […]
2 min read
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  1. Channel: Drug

Rite Aid To Make “Abortion Pill” Available In Limited Locations

Rite Aid. Corp. said that it will dispense the so-called abortion pill, mifepristone, “in a limited number of its pharmacies,” Bloomberg reports. Rite Aid said it will sell the pill “to customers either in-person or via mail delivery in compliance with federal and state laws.  ‘We are committed to ensuring equitable access to customers prescribed […]
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  1. Trends & External Forces

Rite Aid’s third quarter results beat Wall Street’s estimates

PHILADELPHIA — Rite Aid Corp. reported a narrower-than-projected loss and topped Wall Street’s revenue forecast for its third quarter. The company reported an adjusted loss of $7.9 million, or 14 cents a share. Analysts had estimated it would be 15 cents a share. Revenue of $6.08 billion bettered Wall Street’s expectation of $5.94 billion. For […]
2 min read
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  1. Channel: Delivery

DoorDash Debuts Package Pickup Service to Streamline Returns

DoorDash has introduced Package Pickup, allowing consumers across the country to have the service deliver up to five return items per trip to UPS, FedEx or the USPS. DoorDash will charge a flat fee of $5 ($3 for DashPass members), and shoppers will get their first package pickup for free during January 2023, traditionally a […]
2 min read
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  1. Corporate Strategy

Ideal Image, Rite Aid, Cotopaxi Name New CEOs

The new year is bringing with it a retail CEO shuffle. Since the start of 2023, several CEOs in the retail space have either left their positions, with some announcing new positions elsewhere. Ideal Image, a leading aesthetics brand, announced that Sharon M. Leite is its new CEO. Leite, the former CEO of The Vitamin […]
2 min read
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  1. Channel: Drug

Heyward Donigan departing Rite Aid

PHILADELPHIA — Rite Aid Corp. announced Monday that its board of directors has appointed Elizabeth (“Busy”) Burr, a member of the company’s board, as interim CEO, effective immediately. Burr’s appointment follows Heyward Donigan’s departure from the company as president and CEO, and as a member of the board. Rite Aid has initiated a search to […]
3 min read
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  1. Channel: Drug

CVS, Walgreens will be able to sell abortion pills

NEW YORK — With family planning rights under major threat in several states, the Food and Drug Administration (FDA) announced this week a move to expand access to abortion. Now chains such as CVS and Walgreens will be able to sell abortion pills to those with prescriptions. The FDA gave the green light to mifepristone […]
2 min read
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  1. Channel: Drug

Rite Aid sees ‘opportunity’ to close more stores in 2023

Rite Aid’s struggle to hold its ground against CVS and Walgreens was evident in the company’s $67 million quarterly loss reported on Wednesday. Speculating on more store closings — following the 145 stores the chain shuttered in 2021 — Rite Aid Exec VP and CFO Matt Schroeder told analysts on its earnings call, “It’s not […]
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  1. Department: HBC

Rite Aid’s third quarter results beat expectations

PHILADELPHIA —  Rite Aid reported a narrower than projected loss and topped Wall Street’s revenue forecast for its third quarter. The company reported an adjusted loss of $7.9 million, or 14 cents a share. Analysts had estimated it would be 15 cents a share. Revenue of $6.08 billion bettered Wall Street’s expectation of $5.94 billion. […]
4 min read
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  1. Technology & Innovation

Uber Eats Adds Robot-Powered Delivery in Florida

Uber Eats has partnered with robotics company Cartken to offer automated food delivery in Florida using self-driving robots. The offering will launch with select retailers in the Dadeland area of Miami-Dade County, with plans to expand to additional cities in 2023. Cartken’s AI-powered sidewalk delivery robots currently are used for neighborhood food and grocery delivery, […]
2 min read
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  1. Channel: Ecommerce & Digital

Staples, Amazon Trial Returns Drop-off Program

Amazon and Staples are piloting a new program that will see the office supply chain join a growing roster of brick-and-mortar retailers that accept returns on behalf of the ecommerce giant. “We have begun testing select Staples locations as drop-off points for Amazon returns,” said Amazon spokesperson Lauren Samaha in remarks shared with Retail TouchPoints, […]
2 min read
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  1. Trends & External Forces

CVS, Walgreens, and Walmart Keep Position in 2023 Part D Preferred Networks—While Kroger Bails Over its Express Scripts Blowup

In Preferred Pharmacy Networks in 2023’s Medicare Part D Plans: Cigna, CVS Health, Humana, UnitedHealthcare, WellCare, and More, I highlighted how those networks have taken over the world of stand-alone Medicare Part D prescription drug plans (PDP) and become a major presence in Medicare Advantage prescription drug (MA-PD) plans. Today, I examine the seven largest […]
5 min read
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  1. Channel: Drug

Rite Aid Opens First of 3 Small-Format Pharmacies in Underserved Communities

At approximately 3,000 square feet, Rite Aid’s newest store is much smaller than its average 11,000- to 15,000-square-foot location, but it’s likely to have a big impact on the community of Craigsville, Va., a town of less than 1,000 people. The retailer plans to open two more small-format stores in Virginia — one in Greenville […]
2 min read
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  1. Trends & External Forces

Together in the Fight for Health Equity: Jennifer Zilka, Good Neighbor Pharmacy

Jennifer Zilka of Good Neighbor Pharmacy was part of a panel of five leading retailers that recently addressed the barriers that many Americans face in accessing quality health care, and discussed what can be done to lower them. The conversation was part of the Together in the Fight for Health Equity event presented by Chain […]
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  1. Trends & External Forces

Together in the Fight for Health Equity: Dr. Marc Watkins, Kroger

Dr. Marc Watkins of Kroger was part of a panel of five leading retailers that recently addressed the barriers that many Americans face in accessing quality health care, and discussed what can be done to lower them. The conversation was part of the Together in the Fight for Health Equity event presented by Chain Drug […]
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  1. Channel: Drug

Together in the Fight for Health Equity: Rina Shah, Walgreens

Rina Shah of Walgreens was part of a panel of five leading retailers that recently addressed the barriers that many Americans face in accessing quality health care, and discussed what can be done to lower them. The conversation was part of the Together in the Fight for Health Equity event presented by Chain Drug Review, […]
< 1 min read
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  1. Channel: Drug

Smaller Rite Aid stores will target underserved communities

Drugstore operator Rite Aid Corp. has opened a smaller format pharmacy in Craigsville, Va., as part of a pilot program to improve access for pharmacy services in “pharmacy deserts” and underserved communities. Philadelphia-based Rite Aid intends to open two more locations in Virginia by early 2023. At 3,000 square feet, each outlet in the program […]
2 min read
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  1. Channel: Mass

Together in the Fight for Health Equity: Andre Persaud, Rite Aid

Andre Persaud of Rite Aid was part of a panel of five leading retailers that recently addressed the barriers that many Americans face in accessing quality health care, and discussed what can be done to lower them. The conversation was part of the Together in the Fight for Health Equity event presented by Chain Drug […]
< 1 min read
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aisle 3 exits the CSS business and uses proceeds to support growth in sneaker category

AI powered shopping platform aisle 3 has completed the sale of its Google Comparison Shopping Site (CSS) service to Product Hero. Financial terms of the deal were not disclosed, other than it being all cash. The sale consolidates market share for CSS service provider Product Hero, which works with the likes of Rituals and Ikea. […]
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  1. Partnerships & Alt Profit
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Kroger lands deal for self-driving truck deliveries

Get ready because the empty truck cabs in motion are coming. Gatik, which is involved in autonomous middle-mile logistics, has announced a multi-year commercial collaboration to transport customer orders within Kroger’s Dallas distribution network. The operations will launch in a few weeks. Under the collaboration, Gatik’s medium-duty autonomous box trucks will transport fresh, customer-favorite products from […]
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  1. CPG: Food
  2. Channel: Grocery
  3. Department & Category
  4. Department: Beverage
  5. Department: Food
  6. Corporate Strategy
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  10. Merchandising
  11. Owned Brands (Private Label)

Albertsons Redesigns and Expands Open Nature Own Label Line

Albertsons yesterday unveiled what it said was “the redesign of its Open Nature brand as the company strives to become the brand of choice for those health-conscious shoppers seeking a more balanced lifestyle. Open Nature, which is part of Albertsons Cos. Own Brands portfolio, provides shoppers with tasty foods made with thoughtfully chosen ingredients that […]
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  1. Stores & Formats
  2. Corporate Finance
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  4. Associates & Employees
  5. Stores & Formats

Dollar General investing $100M in its stores, with a focus on boosting labor

Dive Brief: Dollar General posted net sales of $10.2 billion during the fourth quarter of 2022, a figure that was up 17.9% compared with the same period in 2021, the discount retail chain reported Thursday. Comparable-store sales rose 5.7% year-over-year in Q4, while operating profit was up 17.1%. CEO Jeff Owen said Dollar General intends to invest about […]
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