Rite Aid

  1. Channel: Drug

Report: Rite Aid to Close Hundreds of Stores in Bankruptcy Filing

Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close, according to a report. People familiar with the company’s talks with creditors told The Wall Street Journal that Rite Aid has proposed to close as many as 500 stores in bankruptcy, and either sell […]
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  1. Channel: Drug

Rite Aid could close hundreds of stores in possible bankruptcy: WSJ

​[[“value”:” The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported. Published Sept. 25, 2023 A Rite Aid storefront. As part of a possible bankruptcy filing, the pharmacy retailer is considering liquidating hundreds of stores. Permission granted by Rite […]
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  1. Channel: Drug

California’s Pharmacies In Crisis

The Los Angeles Times reports that “California pharmacies make an estimated 5 million errors every year, according to the state’s Board of Pharmacy.” It is only an estimate, the Board of Pharmacy says, because “pharmacies are not required to report them.” According to the story, “Most of the mistakes that California officials have discovered, according […]
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  1. Corporate Finance

Rite Aid reportedly preparing Chapter 11 bankruptcy filing

​[[“value”:” Dive Brief A filing could help the retailer restructure $3.3 billion in debt and address a slew of lawsuits alleging it unlawfully filled opioid prescriptions. Published Aug. 28, 2023 A Rite Aid storefront. After years of sustained financial pressure, including opioid-related lawsuits, the company is preparing to file for Chapter 11 bankruptcy, according to multiple […]
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  1. Channel: Drug

WSJ: Rite Aid Prepping for Bankruptcy That Could Limit Opioid Lawsuits’ Impact

Rite Aid is reportedly preparing for a Chapter 11 bankruptcy filing that could take place within weeks, according to the Wall Street Journal. Quoting people familiar with the situation, the Journal reported that the move would help address the numerous lawsuits related to the retailer’s alleged role in the sale of opioids. Rite Aid had […]
2 min read
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  1. Trends & External Forces

WE panel addresses women’s health and wellness gap

SAN DIEGO — Despite the fact that women comprise 80% to 90% of customers in the retail marketplace, many of their health and wellness needs are unmet. That was a key point made during a panel discussion presented by WE at the National Association of Chain Drug Stores’ Total Store Expo. Now in its sixth […]
3 min read
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  1. Corporate Strategy

Walden named chief marketing officer at Rite Aid

PHILADELPHIA — Rite Aid has appointed Jeanniey Walden chief marketing officer, making permanent an interim role the seasoned executive has held since March. Walden will continue to play a critical role in the company’s growth strategy to help create meaningful customer, client, and member experiences for millions of Americans. As CMO, she will also oversee […]
2 min read
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  1. Channel: Delivery

Staples Partners with DoorDash to Offer Same-Day Delivery

Just in time for the back-to-school season, items from Staples are now available for same-day delivery via DoorDash. Nearly 1,000 Staples U.S. locations are participating, and deliveries are made in under one hour on average. Via the DoorDash Marketplace, customers can access Staples’ wide range of school supplies. Staples products also are available on the […]
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  1. Channel: Delivery

Staples Partners with DoorDash to Offer Same-Day Delivery

Just in time for the back-to-school season, items from Staples are now available for same-day delivery via DoorDash. Nearly 1,000 Staples U.S. locations are participating, and deliveries are made in under one hour on average. Via the DoorDash Marketplace, customers can access Staples’ wide range of school supplies. Staples products also are available on the […]
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  1. Technology & Innovation

Justin Mennen departs Rite Aid

PHILADELPHIA — Justin Mennen, EVP and chief digital and technology officer is leaving Rite Aid, effective immediately. Mennen, a seasoned technology and digital leader with more than 20 years of technology leadership experience, was named Rite Aid’s senior vice president and chief information officer in 2018. In 2022, his responsibilities expanded to include leadership of […]
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  1. Channel: Drug

Rite Aid shares progress in fifth annual ESG report

PHILADELPHIA — Rite Aid has published its fifth annual Environmental, Social and Governance (ESG) Report, detailing the company’s initiatives, focus areas, and progress over the past year. The four ESG pillars introduced in the 2021 report – Thriving Planet, Thriving Business, Thriving Workplace and Thriving Community – continue to act as the lens through which […]
3 min read
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  1. Shopper & Customer

Study eyes grocers’ long-term future

CHICAGO — Amazon, Aldi, Costco Wholesale Corp. and Wal­mart are among the U.S. food retailers best positioned for success in 2053, according to a report from dunnhumby. “Grocery 2053: A Data-Driven Gaze into the Future” is the data science firm’s examination of trends that will have the biggest potential impact on grocery retailers over the […]
2 min read
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  1. Owned Brands (Private Label)

Retailers committed to private brand beauty, cosmetics

NEW YORK — PLMA’s 2023 Annual Private Label Trade Show will provide a good look inside the booming beauty industry. Exhibitors will introduce the latest innovations in cosmetics; fragrances; skin, nail and hair care; men’s grooming and much more.   Themed “The Store Brands Phenomenon,” the show will be held November 12-14 at the Donald E. Stephens Convention […]
2 min read
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  1. Department: HBC

Rite Aid posts better than expected Q1 results

PHILADELPHIA — Rite Aid Corp. reported a narrower first-quarter loss than analysts had projected, and beat revenue forecasts. The company posted an adjusted loss per share loss of 73 cents, which was much better than Wall Street’s estimate of $1.50. Revenue for the period ended June 3 dipped to $5.653 billion from $6.015 billion from […]
4 min read
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  1. Shopper & Customer

Study: Fiscal Concerns Dominate Shopper Mindset; Discounters Best Positioned For Future

Customer data science company dunnhumby is out this morning with a new study “examining what trends will have the biggest potential impact on grocery retailers over the next three decades,” and identifying a growing personal fiscal conservatism as a prime driver of shopper behavior. dunnhumby identifies, in order, Lidl, Food 4 Less, Aldi, Costco, Fry’s, […]
3 min read
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  1. Shopper & Customer

Amazon, Walmart among grocers best-positioned for 2053

CHICAGO – Amazon, Aldi, Costco Wholesale Club, and Walmart are among U.S. grocery retailers best positioned for success in 2053, according to a report out today from dunnhumby. “Grocery 2053: A Data-Driven Gaze into the Future” is the data science firm’s examination of trends that will have the biggest potential impact on grocery retailers over […]
3 min read
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  1. Owned Brands (Private Label)

Albertsons, Rite Aid hone store brands

NEW YORK — Albertsons Cos. and Rite Aid Corp. are among mass retailers enhancing their store brand offerings as growth of the brands continues to outpace gains by national brands. The Private Label Manufacturers Association (PLMA) reported store brand sales increased 11.3% last year as national brand sales increased 6.1%. In volume terms, store brand […]
2 min read
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  1. Channel: Drug

Rite Aid rolls out RYSHI beauty and personal care essentials

PHILADELPHIA — Rite Aid announced the launch of RYSHI – its exclusive collection of clean beauty and personal care essentials. Spanning across multiple categories, RYSHI products offer better-for-you ingredients at an accessible price point so customers can conveniently build their beauty toolkit at their neighborhood Rite Aid. The full collection offers a vast range of […]
2 min read
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  1. Trends & External Forces

Rite Aid Healthy Futures supports youth mental health

ETTERS, Pa. – Rite Aid Healthy Futures has committed $1.25 million in grant funding to six leading youth mental health organizations, joining the response to a generational crisis that has ravaged communities and highlighted the need for increased investment and attention. Working with and learning from the top leaders in the field of youth mental […]
5 min read
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  1. Department: HBC

Rite Aid kicks off spring beauty event

PHILADELPHIA – Rite Aid is kicking off a spring beauty sales event today, with the theme “Beauty is in Bloom,” promising “spectacular shopping promotions to get consumers feeling and looking their best this season.” For the next three weeks, Rite Aid is offering a variety of special deals, in-store and online, including money-saving promotions on […]
2 min read
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  1. Channel: Grocery

NACDS Foundation adds board members

PALM BEACH, Fla.– At the National Association of Chain Drug Stores (NACDS) Annual Meeting, the NACDS Foundation announced the addition of five first-time members to the NACDS Foundation board of directors. Each Director will serve a one-year term. First-time NACDS Foundation board of directors include: Naomi Duvall, Cardinal Health Lisa Paley, Haleon Marvin Vines, The Coca-Cola Company Summer […]
2 min read
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  1. Trends & External Forces

Rite Aid narrows loss in fourth quarter

PHILADELPHIA — Rite Aid reported a net loss of $241.3 million, or $4.39 per share, for its fourth quarter, compared to a net loss of $389.1 million, or $7.18 per share in the year-ago period.  The adjusted net loss of $68.2 million, or $1.24 per share, was wider than the 78 cents per share expected […]
5 min read
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  1. Trends & External Forces

Rite Aid, Swarovski and Others Add BNPL Options as Adoption Grows

Rite Aid has partnered with Afterpay to offer buy now, pay later (BNPL) services for its customers at more than 2,000 locations. The pharmacy joins other recent Afterpay partners, including Boden, Fresh, Lulu and Georgia, Quince, Swarovski and Wolverine Worldwide in launching or expanding payment over time choices. “Expanding our partnership with Afterpay allows more […]
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  1. Data & Insights

Retail Traffic Trends #121: Change is coming, are you ready?

While some trends come and go, there were a few trends that have stayed with consumers throughout the year. This week we look at how new technologies have the potential to have unique use-cases for retail stores. THIS WEEK’S HIGHLIGHTS Monthly Roundup: Inside the latest trends. NRF2023: A recap of what experts expect to see […]
2 min read
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Hy-Vee launches RedMedia omnichannel retail media network

Hy-Vee launched the full-scale version of its retail media network, called Hy-Vee RedMedia, at the Groceryshop 2023 conference this week in Las Vegas. The West Des Moines, Iowa-based retailer described the platform as a disruptor in the retail media landscape that will connect brands directly with Hy-Vee’s customer base across multiple platforms, including both online […]
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  1. Channel: Delivery
  2. Channel: Ecommerce & Digital
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  4. Channel: Grocery - Natural
  5. Department: Food
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Instacart stock languishes after IPO

Instacart saw its share price erode in the two days following its initial public offering, after it rose 12.7% in its first day of trading on the NASDAQ exchange. The stock settled down to just slightly over its IPO price of $30 per share on Wednesday, its first full day on the exchange, then ranged […]
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  1. Retailer Media

Retail Media Metrics

#30DaysofRetailMedia | Day 21: Retail Media Metrics Metrics help brand advertisers measure retail media effectiveness. Key performance indicators (KPIs) span the full marketing funnel, as consumers can enter anywhere. Brand advertisers: 🎯 Choose KPIs according to their objectives📊 Measure baseline results for meaningful comparisons🌟 Review their metrics for data insights to optimize their processes and […]
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  1. Holiday & Events
  2. Trends & External Forces
  3. Holiday & Events

The big chill: Holiday retail sales 2023 expected to slow

Experts predict slow growth in 2023 holiday sales as consumers tighten their belts in a tough economy, but e-commerce will remain a bright spot. Stores are filling with displays of holiday decorations and holiday-themed merchandise as retailers eagerly prepare for the annual shopping surge, but consumers may not be as excited. Forecasts for 2023 holiday […]
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