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 […] MMR May 23, 2022May 23, 2022 2 min read ExecutivesOperations & Supply ChainDollar GeneralDollar TreeFamily DollarDept. BeverageDept. NonfoodDept. GroceryStore FormatAlbertsons / SafewayBrick and MortarDept. PetConsumersAssociatesMerchandisingRite AidShoppersStore LocationEconomyTechnology & Innovation 0 Saving Bookmark this article Bookmarked
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 […] MMR May 20, 2022May 20, 2022 2 min read COVID19Rite AidStore LocationPricing & PromotionsDept. PharmacyMarketing: SocialMarketing: In StoreLegal & CriminalGovernmentDept. Grocery 0 Saving Bookmark this article Bookmarked
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 […] Retail TouchPoints May 13, 2022May 13, 2022 2 min read ExecutivesTechnology & InnovationOperations & Supply ChainStrategyDept. GroceryMarketing: BrandDept. NonfoodTargetRite AidIndustry Conferences and EventsCPG: Adult BeverageDept. Adult BevDept. HBCDept. ApparelData & InsightsCustomer ExperienceCustomer ExperienceTrends: RetailBrick and Mortar 0 Saving Bookmark this article Bookmarked
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 […] MMR May 12, 2022May 12, 2022 3 min read Operations & Supply ChainDollar TreeExecutivesDollar GeneralFamily DollarStore FormatDept. BeverageDept. NonfoodBrick and MortarMerchandisingDept. GroceryAlbertsons / SafewayAssociatesConsumersData & InsightsShoppersDept. PetEconomyRite AidStore LocationTechnology & Innovation 0 Saving Bookmark this article Bookmarked
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 […] MMR May 3, 2022May 3, 2022 2 min read PartnershipsRite AidShoppersConsumersHealth & WellnessTrends: FinanceBNPLTechnology & InnovationCustomer ExperienceCustomer ExperienceMarketing: SocialBrick and MortarEconomyCOVID19 0 Saving Bookmark this article Bookmarked
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, […] MMR April 26, 2022April 26, 2022 2 min read ExecutivesDept. PharmacyPredictions and ForecastsHealth & WellnessKrogerRite AidWakefernHy-VeeDept. GroceryHEBOperations & Supply ChainPublixGovernmentBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug Rite Aid rejected an unsolicited buyout offer The drugstore retailer dismissed the off-market proposal as not credible, but kept the door open for future offers. RetailDive April 22, 2022April 22, 2022 < 1 min read Rite AidPricing & PromotionsPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat April 22, 2022April 22, 2022 5 min read StreamingDept. NonfoodAssociatesMarketing: Digital MediaRite AidDept. BeverageMarketing: Loyalty & SubscriptionTechnology & InnovationHoliday & EventsMarketing: SocialAmazonConsumersExecutivesAcquisitionDeliveryGovernment 0 Saving Bookmark this article Bookmarked
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 […] MMR April 21, 2022April 22, 2022 < 1 min read Rite AidAcquisitionResults & InvestmentStrategyPricing & PromotionsMarketing: SocialLegal & CriminalExecutivesDept. Pharmacy 0 Saving Bookmark this article Bookmarked 3
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 […] Joe Keenan April 19, 2022April 19, 2022 < 1 min read Brick and MortarRite AidDept. PharmacyOperations & Supply ChainCVSAssociatesPredictions and ForecastsMarketing: Loyalty & SubscriptionResults & InvestmentDept. NonfoodCOVID19Store LocationTechnology & Innovation 0 Saving Bookmark this article Bookmarked 4
Stores & Formats Rite Aid to close 145 stores in cost-cutting move Rite Aid plans to close 145 “unprofitable stores” as it seeks to bring its cost in line with revenues. The drugstore chain reported a loss of $7.18 per share even as sales improved 2.5 percent on a year-over-year basis. The retailer operates more than 2,400 stores across 17 states. RetailWire April 15, 2022April 15, 2022 < 1 min read Brick and MortarRite Aid 0 Saving Bookmark this article Bookmarked
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, […] MMR April 14, 2022April 14, 2022 6 min read Dept. PharmacyCOVID19Operations & Supply ChainRite AidAcquisitionBrick and MortarPredictions and ForecastsAssociatesMarketing: Loyalty & SubscriptionExecutivesResults & InvestmentOwned Brands (Private Label)EconomyMarketing: SocialInclusivityHealth & WellnessTechnology & Innovation 0 Saving Bookmark this article Bookmarked
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 […] RetailDive April 13, 2022April 14, 2022 2 min read Rite AidCOVID19 0 Saving Bookmark this article Bookmarked 4
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 […] Pymnts.com April 8, 2022April 14, 2022 2 min read Dept. PharmacyConsumersWalgreensRite AidResults & InvestmentTechnology & InnovationHealth & WellnessCOVID19Brick and MortarDept. HBCDept. FuelCVSPredictions and ForecastsEconomyKrogerMarketing: Loyalty & SubscriptionStrategyTargetExecutivesWalmart 0 Saving Bookmark this article Bookmarked
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 […] GlobeNewswire April 7, 2022April 7, 2022 < 1 min read Dept. FreshConsumersRite AidBrick and MortarTrends: Food and BeverageSustainabilityHealth & Wellness 0 Saving Bookmark this article Bookmarked
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 […] MMR April 4, 2022April 4, 2022 2 min read COVID19Rite AidPricing & PromotionsDept. PharmacyAhold DelhaizeStore LocationHy-VeeWalgreensHealth & WellnessDept. GroceryAlbertsons / SafewayCVSDept. NonfoodWalmartHEBKrogerMarketing: In StoreMarketing: SocialCostco 0 Saving Bookmark this article Bookmarked
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 […] MMR March 30, 2022March 30, 2022 2 min read COVID19Rite AidDept. PharmacyStore LocationPartnershipsMarketing: SocialMarketing: In StoreDept. Grocery 0 Saving Bookmark this article Bookmarked
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 […] MMR March 21, 2022March 21, 2022 2 min read ShoppersBrick and MortarWalmartDept. FuelAlbertsons / SafewayBJ’s Wholesale ClubCostcoWegmansWalgreensTrader JoesSoutheastern GrocersKrogerPublixTargetSave A LotRite AidEconomyOperations & Supply ChainHEBDollar GeneralDeliveryCVSCOVID19ConsumersBig LotsAldi 0 Saving Bookmark this article Bookmarked
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 […] MMR March 21, 2022March 21, 2022 2 min read ExecutivesRite AidShoppersDept. PharmacyOperations & Supply ChainMarketing: Loyalty & SubscriptionPredictions and ForecastsPhilanthropyMarketing: Direct & PersonalizationTechnology & InnovationMerchandisingPricing & PromotionsStrategyMarketing: TradeDept. Grocery 0 Saving Bookmark this article Bookmarked 5
Corporate Strategy Rite Aid drops COO role, consolidates pharmacy team Other leadership changes were also announced as part of “ongoing efforts to reduce costs and remove layers,” CEO Heyward Donigan said. RetailDive March 9, 2022March 9, 2022 < 1 min read ExecutivesRite AidDept. Pharmacy 0 Saving Bookmark this article Bookmarked
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. […] MMR March 8, 2022March 8, 2022 2 min read ExecutivesDept. PharmacyRite AidOperations & Supply ChainTechnology & InnovationStrategyPredictions and ForecastsMerchandisingMarketing: Social 0 Saving Bookmark this article Bookmarked
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 […] MMR March 2, 2022March 2, 2022 3 min read ShoppersBrick and MortarWalmartDept. FuelTrader JoesSoutheastern GrocersKrogerWalgreensWegmansCostcoBJ’s Wholesale ClubAlbertsons / SafewayOperations & Supply ChainTargetSave A LotRite AidPublixBig LotsMarketing: SocialMarketing: BrandDeliveryConsumersCOVID19CVSDollar GeneralEconomyHEBAldi 0 Saving Bookmark this article Bookmarked
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 […] Drug Channels March 1, 2022March 16, 2022 5 min read Dept. PharmacyWalgreensData & InsightsCVSWalmartMarketing: SocialKrogerPublixEconomyHealth & WellnessAlbertsons / SafewayRite AidConsultingResults & InvestmentSustainabilityMarketing: In StoreCompetitionConsumersMeta (Facebook)Data VisualizationTechnology & InnovationOwned Brands (Private Label) 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat March 1, 2022March 1, 2022 2 min read Albertsons / SafewayResults & InvestmentAmazonBrick and MortarWhole FoodsAhold DelhaizeAssociatesEconomyGovernmentKrogerLegal & CriminalRite AidStrategyWalmart 0 Saving Bookmark this article Bookmarked
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 […] MMR February 28, 2022February 28, 2022 < 1 min read Brick and MortarRite AidMarketing: SocialDept. GroceryAssociates 0 Saving Bookmark this article Bookmarked
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, […] MMR February 28, 2022February 28, 2022 2 min read Rite AidMarketing: Loyalty & SubscriptionShoppersMarketing: Direct & PersonalizationHealth & WellnessPricing & PromotionsMarketing: TradeBOPISMerchandisingMarketing: In StoreMarketing: Social 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat February 28, 2022February 28, 2022 < 1 min read WalgreensDelivery7-Eleven & SpeedwayInstacartTargetShoppersRite AidDept. HBCCVSBrick and Mortar 0 Saving Bookmark this article Bookmarked
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 […] MMR February 24, 2022February 24, 2022 4 min read Health & WellnessRite AidPredictions and ForecastsPhilanthropyDept. GroceryDept. FreshBrick and MortarPartnershipsCOVID19Data & InsightsDept. PerimeterExecutivesMarketing: BrandConsumersSustainabilityESG and CSRMarketing: SocialAssociates 0 Saving Bookmark this article Bookmarked
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 […] MMR February 2, 2022February 2, 2022 2 min read Rite AidCOVID19Store LocationShoppersHealth & WellnessGovernmentDept. PharmacyOperations & Supply ChainMarketing: SocialDept. NonfoodBrick and Mortar 0 Saving Bookmark this article Bookmarked
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 […] Rethink Retail February 1, 2022February 1, 2022 2 min read Technology & InnovationOperations & Supply ChainShoppersData & InsightsMerchandisingConsumersRite AidBed Bath & BeyondTractor Supply CompanyStrategyMarketing: Loyalty & SubscriptionPricing & PromotionsPredictions and ForecastsVendorsLegal & CriminalBrick and MortarAssociates 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Shopper & Customer How to create the best delivery experience: 3 key factors As more consumers go online for their purchases, good delivery has become more important than ever. Find out how to step up your delivery game. Written by Future of Commerce May 27, 2022May 27, 2022 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Channel: Dollar/Value Corporate Strategy Corporate Finance Department: Consumer Durables Media & Marketing Shopper & Customer Technology & Innovation Trends & External Forces Operations & Supply Chain 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 […] Written by MMR May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Data & Insights Corporate Strategy Department: HBC Media & Marketing Data & Insights Shopper & Customer Trends & External Forces 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 […] Written by MMR May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Retailer Media Corporate Strategy Media & Marketing Retailer Media 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. Written by Bobsled Marketing May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Corporate Finance Retail Earnings Confuse Rather than Clarify Earnings, and retail earnings in particular, are not as straightforward as they sometimes seem. Written by NASDAQ May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked