Rite Aid

  1. Channel: Dollar/Value

Flanigan and Gatta join Dollar Tree’s leadership

CHESAPEAKE, Va. — Dollar Tree Inc. has added two members to its leadership team, naming John Flanigan chief supply chain officer and Larry Gatta chief merchandising officer for its Family Dollar banner. Both Flanigan and Gatta spent time at Dollar General Corp. during the tenure of Rick Dreiling, the former Dollar General chief executive who […]
2 min read
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  1. Trends & External Forces

Rite Aid offers COVID boosters for kids 5-11

PHILADELPHIA — Rite Aid will begin administering a booster dose of Pfizer’s COVID-19 vaccine at select locations for eligible children ages 5 to 11, following approval by the Centers for Disease Control and Prevention and the Food and Drug Administration, the company said Friday. Bartell Drugs, owned by Rite Aid Corp., will also begin administering boosters […]
2 min read
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  1. Corporate Strategy

Retail TouchPoints Reveals 2022’s 40 Under 40 Winners

Retail TouchPoints and design:retail have unveiled the 2022 slate of 40 Under 40 Award winners. Representing the entire retail realm — from store design to CX strategy, ecommerce and retail operations — the 40 Under 40 Awards spotlight up-and-coming leaders who have done innovative and remarkable work and contributed significantly to the progress of the […]
2 min read
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  1. Channel: Dollar/Value

Dollar Tree adds two to leadership team

CHESAPEAKE, Va. — Dollar Tree has made two key additions to its leadership team, naming John Flanigan chief supply chain officer and Larry Gatta chief merchandising officer for the Family Dollar banner. “Driving supply chain efficiencies and improving the operating performance of our Family Dollar banner are important elements to long-term value creation for our […]
3 min read
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  1. Shopper & Customer

Rite Aid and Afterpay partner

SAN FRANCISCO — Afterpay and Rite Aid  announced a partnership Tuesday, offering Rite Aid’s online shoppers a new way to pay for everyday items in four installments at no additional cost when paid on time. This partnership will help customers access and spend responsibly on everyday goods with Afterpay’s budgeting tool. Justin Mennen “Our relationship with Rite […]
2 min read
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  1. Corporate Strategy

NACDS names 2022-2023 officers

Brian Nightengale speaks here in his capacity as NACDS vice chair and as chair of the NACDS Political Action Committee. Nightengale was elected as NACDS chair of the board, and will accept the gavel on Tuesday morning. PALM BEACH, Fla. – During the National Association of Chain Drug Stores Annual Meeting, NACDS elected new officers, […]
2 min read
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  1. Media & Marketing

Your Views:  The Power of a Gorp

Got a number of emails about our stories and commentary about Netflix’s travails, which I think offer some lessons to retailers. MNB reader Brian Hart wrote: Your quote (and requote,) “Netflix is an expensive, swollen monster of a company that’s not very different from its competitors” is exactly why we canceled our subscription with the […]
5 min read
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  1. Corporate Finance

Rite Aid confirms prior rejection of acquisition offer

PHILADELPHIA – Rite Aid Corp. has confirmed that it previously rejected a non-binding, off-market proposal from Spear Point Capital Management (Spear Point) to acquire all of the outstanding shares of the company’s common stock. The company and its board of directors reviewed the proposal with the assistance of its financial and legal advisors, and the […]
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  1. Channel: Drug

Rite Aid to Close 145 Stores

Rite Aid plans to close a total of 145 “unprofitable” stores as part of its optimization efforts. The drug store chain announced it was closing an initial 63 stores in December, and is looking to save in administrative and labor costs and make improvements across payroll and the supply chain, with total savings expected to reach $170 […]
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  1. Trends & External Forces

Rite Aid’s Q4 revenue beats projections

PHILADELPHIA — Rite Aid Thursday reported fourth quarter revenue that topped Wall Street’s forecast. The company posted revenue of $6.065 billion for the period ended February 26, up 2.5 percent from $5.917 billion in the year-ago quarter and far greater than the FactSet consensus of $5.470 billion. The gain was driven by retail segment growth, […]
6 min read
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  1. Channel: Drug

Rite Aid guidance could signal its ability to survive: analyst

Investors will be closely following Rite Aid’s financial guidance for the year, expected on Thursday with the company’s fourth quarter and annual earnings release. The drugstore chain needs to generate about $400 million to $450 million in annual adjusted EBITDA just to survive as an operating company, Deutsche Bank analysts led by George Hill said […]
2 min read
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  1. Channel: Drug

Need for Pharmacy Innovation Rises as Gap Between Winners, Losers Widens

In a land of giants, where the corner pharmacy of yore is all but extinct, the fate of Rite Aid hangs in the balance, and perhaps the future of drugstores as we’ve now come to know them does too. Among the pure-play pharmacy chains, Rite Aid began the week as a distant third place player […]
2 min read
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  1. Department: Food

Beyond Meat® Launches the Beyond Burger® and Beyond Meatballs® at Approximately 2,000 Rite Aid Stores Nationwide

The launch represents a mutual commitment to increasing accessibility to better-for-you products by making it even more convenient for consumers to incorporate delicious, nutritious and sustainable plant-based meat options into their daily diets The launch represents a mutual commitment to increasing accessibility to better-for-you products by making it even more convenient for consumers to incorporate […]
< 1 min read
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  1. Trends & External Forces

Rite Aid offers free COVID-19 tests to Medicare beneficiaries

PHILADELPHIA — Beginning Monday, people with Medicare Part B can visit any Rite Aid  location and receive up to eight over-the-counter COVID-19 tests every month at no cost. Heyward Donigan As part of the Medicare COVID-19 Over-the-Counter Test Initiative, people covered by Medicare Part B can bring their red, white, and blue Medicare card to any […]
2 min read
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  1. Trends & External Forces

Second COVID-19 boosters now available at Rite Aid

PHILADELPHIA — Rite Aid will begin administering a second booster of the mRNA Pfizer and Moderna COVID-19 vaccines for eligible individuals, following approval by the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA), the company said Wednesday. Individuals aged 50 and older and certain immunocompromised individuals aged 12 and older […]
2 min read
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  1. Channel: Grocery

Customer satisfaction is basically unchanged

ANN ARBOR, Mich. — Customer satisfaction with retail is relatively stable, according to the American Customer Satisfaction Index’s 2021-2022 ranking. The Retail Trade sector as a whole saw its score dip just 0.5% to 75.1 (out of 100). “Cool stability,” says ACSI managing director David Van­Amburg. “That’s the best way to describe the retail sector […]
2 min read
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  1. Corporate Strategy

Rite Aid recasts executive leadership

PHILADELPHIA — Rite Aid Corp. earlier this month took steps to realign its management team and streamline the company’s operations. The move came on the heels of the introduction of a new customer loyalty program and a revamped philanthropic arm. The management changes included the elimination of the Rite Aid chief operating officer position and […]
2 min read
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  1. Corporate Strategy

Rite Aid realigns its management team

PHILADELPHIA — Rite Aid Corp. announced on Tuesday steps to realign its management team and streamline the company’s operations, including the elimination of the Rite Aid chief operating officer position and consolidation of its pharmacy leadership. As a result, Jim Peters, COO, and Jocelyn Konrad, executive vice president and chief pharmacy officer, have left the company. […]
2 min read
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  1. Channel: Grocery

Customer satisfaction with retailers is mostly steady

ANN ARBOR, Mich. — Customer satisfaction with retail is relatively stable, according to the American Customer Satisfaction Index’s 2021-2022 ranking.  The Retail Trade sector as a whole saw its score dip just 0.5% to 75.1 (out of 100). “Cool stability,” says ACSI managing director David VanAmburg. “That’s the best way to describe the retail sector […]
3 min read
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  1. Channel: Drug

Supermarkets Again Dash Past CVS and Walgreens in 2022’s Part D Pharmacy Networks

The Centers for Medicare & Medicaid Services (CMS) has recently released its 2022 data on enrollment in Medicare Part D prescription drug plans (PDPs). Our exclusive analysis of these numbers finds that for 2022, an astounding 99% of seniors are enrolled in the wonderland of PDPs with preferred pharmacy networks. Below, we use the new […]
5 min read
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  1. Channel: Grocery

Albertsons Begins Strategic Review To “Maximize Shareholder Value”

Albertsons said yesterday that it has launched a “review of potential strategic alternatives aimed at enhancing Albertsons’ growth and maximizing shareholder value.  The review will include an assessment of various balance sheet optimization and capital return strategies, potential strategic or financial transactions and development of other strategic initiatives to complement Albertsons’ existing businesses, as well as […]
2 min read
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  1. Stores & Formats

Industry mourns Sydney Besthoff of K&B drug chain

NEW ORLEANS — Sydney Johnson Besthoff, who had led the seven-state Katz & Besthoff drugstore chain until he sold the business in 1997, died Saturday at his New Orleans home of heart failure, the family said. He was 94 years old. Sidney Besthoff He was the third generation to run Katz & Besthoff, which his […]
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  1. Channel: Drug

Rite Aid Rewards loyalty program debuts

PHILADELPHIA – Shopping and fulfilling prescriptions at Rite Aid has become more rewarding. Rite Aid announced Monday the launch of Rite Aid Rewards, a new customer loyalty program that makes it easier for more customers to engage and save. Erik Keptner   The new program allows members to earn points through everyday purchases, prescription pickups, […]
2 min read
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  1. Channel: Drug

Shipt To Deliver For 7-Eleven, Walgreens

Target-owned Shipt announced late last week that it has struck a deal with both 7-Eleven and Walgreens to provide delivery services to the two retailers. The deal adds mor than 12,000 total locations to the number that Shipt services, increasing its footprint by more than 40 percent. “Located on corners of nearly every major market […]
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  1. Trends & External Forces

Rite Aid Healthy Futures launches next era of philanthropy

CAMP HILL, Pa. – Rite Aid’s philanthropic arm, which has been renamed Rite Aid Healthy Futures, said Thursday that it is underscoring and living up to its reimagined identity with a new $10 million Strengthening Cities initiative that supports healthier and more equitable neighborhoods. Starting with a focus on food equity, the Strengthening Cities initiative will […]
4 min read
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  1. Trends & External Forces

Rite Aid offering free N95 masks

PHILADELPHIA — Rite Aid said on Wednesday that free N95 non-surgical masks are now available at many of Rite Aid’s locations across the country and are expected to be in all locations this week. The masks are free of charge through the federal government’s distribution program to provide them to all Americans who want them. Customers […]
2 min read
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  1. Technology & Innovation

NRF 2022 Solution Spotlight: RELEX

RETHINK Retail’s Solution Spotlight shines a light on industry vendors and what makes them distinct. This vendor spotlight is on RELEX Solutions, the world’s largest provider of guaranteed fraud protection. RELEX Solutions is a leading provider of cutting-edge retail optimization software helping retailers adapt to every future, faster. Its cloud-native Living Retail Platform delivers pragmatic […]
2 min read
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Editor’s Choice

  1. Channel: Dollar/Value
  2. Channel: Dollar/Value
  3. Corporate Strategy
  4. Corporate Finance
  5. Department: Consumer Durables
  6. Media & Marketing
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Operations & Supply Chain
  11. Stores & Formats

Dollar General post strong sales gains in first quarter

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […]
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  1. Data & Insights
  2. Corporate Strategy
  3. Department: HBC
  4. Media & Marketing
  5. Data & Insights
  6. Shopper & Customer
  7. Trends & External Forces
  8. Merchandising

CVS to launch virtual primary care solution

WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […]
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  1. Retailer Media
  2. Corporate Strategy
  3. Media & Marketing
  4. Retailer Media
  5. Data & Insights

22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way

Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. 
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