Rite Aid

  1. Media & Marketing

Your Views:  Guidance

We had a story the other day about Rite Aid grappling with severe shoplifting issues in its New York City stores, prompting MNB reader Rich Heiland to write: Interesting note about Rite-Aid. There is a Rite-Aid a block or so from our apartment in downtown West Chester, PA we use. Last summer they posted signs on […]
2 min read
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  1. Department: HBC

NYC Theft Costs Rite Aid Millions During Q2

Business Insider reports that Rite Aid “is struggling against increased theft at its New York City stores that executives say cost the pharmacy chain $5 million in losses during its most recent quarter … In a call with investors Thursday, executives said the company is testing new security efforts to prevent theft in high-crime areas. […]
< 1 min read
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  1. Department: HBC

Rite Aid posts mixed Q2 results

PHILADELPHIA – Rite Aid had mixed second quarter results, reporting sales that beat analysts’ forecast but posting a wider than expected loss. The company ‘s $5.9 billion in revenue topped Wall Street’s prediction of $5.77 billion. But its adjusted 63 cents per share loss was worse than the anticipated 55 cents per share. For fiscal […]
4 min read
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  1. Channel: Drug

Rite Aid offers Family Immunization Days

PHILADELPHIA – Rite Aid will offer Family Immunization Days at select stores, including Bartell Drugs in the Pacific Northwest, providing families opportunities to walk in and get the vaccinations they need to protect themselves against COVID-19, the flu and other diseases. Rite Aid Family Immunization Days take place from 4 p.m. to 8 p.m. on […]
2 min read
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  1. Channel: Drug

Rite Aid names Bixler SVP, chief accounting officer

PHILADELPHIA — Rite Aid announced on Monday that Steve Bixler, vice president of financial accounting, will become the new chief accounting officer effective Jan. 13, 2023, following the retirement of Brian Hoover who has served in the role for the last three years during his 27 years with Rite Aid. Bixler will report to chief financial […]
< 1 min read
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  1. Channel: Drug

Rite-Aid speeds switch to cage-free eggs

NEW YORK —Rite Aid said it is accelerating its switch to selling 100% cage-free eggs, and now expects to hit that goal by the end of this year. The company had initially pledged to source cage-free eggs across all its retail locations by 2025. The new commitment expedites the timeline by three years. “We commend […]
< 1 min read
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  1. Channel: Drug

Rite Aid releases fourth annual ESG report

PHILADELPHIA — Rite Aid has published its fourth annual Environmental, Social and Governance (ESG) Report, detailing the company’s strategy and progress against goals over the past year. This year’s report addresses the four ESG pillars introduced in the company’s 2021 report: Thriving Planet, Thriving Business, Thriving Workplace and Thriving Community. “As a purpose-driven healthcare organization, […]
3 min read
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  1. Trends & External Forces

Rite Aid expands access to PCR tests

PHILADELPHIA — Rite Aid and Quest Diagnostics are collaborating on access to COVID-19 molecular testing (polymerase chain reaction or similar nucleic acid amplification test) to help Rite Aid customers detect and prevent the spread of COVID-19. Quest is the world’s leading provider of diagnostic information services and a national leader in COVID-19 testing. The company […]
2 min read
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  1. Channel: Drug

Rite Aid opens new headquarters in Philadelphia

Rite Aid CEO and President Heyward Donigan cuts the ribbon for the new Rite Aid Collaboration Center, located on the second floor of 1200 Intrepid Avenue in Philadelphia. She is joined by Philadelphia Mayor Jim Kenney, PIDC President Anne Nevins, and Rite Aid leaders and associates. PHILADELPHIA — Rite Aid unveiled its new headquarters in […]
2 min read
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  1. Department & Category

GIANT names Ted Williams director of non-foods

CARLISLE, Pa. – The GIANT Co. today named Ted Williams as director of non-foods. Williams will be responsible for the categories of health and personal care, seasonal, general merchandise, pet supplies, candy, and baby care. Ted Williams A 30-year industry veteran, Williams previously worked in Ahold USA as a category management business consultant. He also […]
< 1 min read
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  1. Channel: Drug

Walmart, CVS, Rite Aid Forced To Limit Sales of Plan B Morning After Pills

The Wall Street Journal reports this morning that “some of the nation’s biggest retailers are rationing over-the-counter emergency contraceptive pills as demand spikes following the Supreme Court ruling overturning a constitutional right to abortion. “CVS Health Corp., Walmart Inc. and Rite Aid Corp. were limiting purchases of the pills, which were in short supply or […]
2 min read
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  1. Channel: Drug

CVS, Rite Aid and Walmart among pharmacies limiting Plan B pill purchases

The Plan B emergency contraceptive is in short supply following the decision last week by the U.S. Supreme Court to strike down Rowe v. Wade and end the guaranteed right of women to abortion. Planned Parenthood has advised women against stocking up on emergency contraceptives since the medicines have limited shelf lives.
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  1. Technology & Innovation

Rite Aid reports smaller-than-projected Q1 loss

PHILADELPHIA — Rite Aid on Thursday reported a narrower first quarter loss and more revenue than analysts had expected. The company’s adjusted loss per share of 60 cents for the period ended May 28 was smaller than Wall Street’s consensus projection of a7 0 cents loss. Sales of $6.01 billion beat the predicted $5.7 billion. […]
3 min read
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  1. Channel: Drug

Rite Aid Corporation Reports Fiscal 2023 First Quarter Results

PHILADELPHIA–(BUSINESS WIRE)–Rite Aid Corporation (NYSE: RAD) today reported operating results for its first fiscal quarter ended May 28, 2022. “We continue to make strides on our journey to transform Rite Aid and define the modern pharmacy. In the first quarter we increased our non-COVID prescriptions, reduced SG&A, built momentum at Elixir and delivered solid results […]
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  1. Media & Marketing

Don’t Let the Labor Shortage Short Circuit Your Customer Loyalty

It’s no secret when it comes to the value of loyalty. Existing customers spend 31 percent more, on average, than new ones. They’re also 50 percent more likely to try new products. As a result, more and more retailers, including Albertsons, Rite Aid, and The Container Store, are doubling down on loyalty programs to drive […]
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  1. Trends & External Forces

Rite Aid and Homeward partner

SAN FRANCISCO —  Homeward has announced a strategic partnership with Rite Aid  to provide access to comprehensive care for those living in rural areas across the U.S. Heyward Donigan Pharmacists are among the most trusted members of a local community – especially for the more than 50 percent of Americans living with a chronic condition. […]
3 min read
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  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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  2. CPG: Food
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  14. Holiday & Events

Coffee & M&M’S® Lovers Can FINALLY Rejoice! Mars Unveils New M&M’S Caramel Cold Brew Candies

Iconic M&M’S brand’s “brew-ti-fulI” new offering will join its permanent flavor lineup in 2023    NEWARK, N.J., Oct. 4, 2022 /PRNewswire/ — Today, M&M’S®, a proud part of Mars, unveiled its latest product innovation, M&M’S Caramel Cold Brew. The new product delivers a delicious combination of smooth, robust coffee flavor and sweet, chewy caramel, covered in classic M&M’S milk […]
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  1. Channel: Delivery
  2. Channel: Ecommerce & Digital
  3. Partnerships & Alt Profit
  4. Trends & External Forces
  5. Owned Brands (Private Label)

Gopuff launches health and wellness private label line, links with Grubhub

The instant delivery e-tailer’s second private brand includes allergy medications and at-home test kits, while its new partnership makes convenience items available to diners on the Grubhub Marketplace.
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  1. Department: Nonfood
  2. Department: Nonfood

Coors Light, Tide Cleaners offer to do laundry for college football fans

To lighten the load of college football fans this season, Molson Coors brand Coors Light has teamed up with Tide Cleaners, a personal clothing washing company created by P&G detergent brand Tide, according to a press release. Coors Light wants to help fans “keep their chores light” by inviting those in select markets to drop their […]
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