Rite Aid

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  1. Channel: Ecommerce & Digital

Amazon rolls out in-store pickup for products ordered from local retailers

Amazon is rolling out “Local Selling,” a set of services that allow local and regional retailers to offer both in-store pickup and fast delivery to nearby customers. With this new option, sellers can offer in-store pickup for products and services to shoppers in specific ZIP codes. In some instances, customers will be able to purchase […]
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  1. Associates & Employees

Wednesday Eye-Opener: Labor Pains

by Kevin Coupe There was a confluence of stories yesterday that revolved around the same issue… The Washington Post had another story about how “warehouse jobs were supposed to be the future of the retail industry, offering opportunities for displaced employees and reshaping the American workforce. Amazon, Target, Walmart and other companies pledged to create […]
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  1. Channel: Drug

Rite Aid to enable remote-first workforce at new office

CAMP HILL, Pa. — Rite Aid Corp., whose corporate associates have been successfully working remotely since the early days of the pandemic, plans to embrace a remote-first approach going forward. The company plans to establish an official headquarters in Philadelphia designed specifically for in-person collaboration and company gatherings, rather than for office spaces. Additionally, planned […]
2 min read
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  1. RetailWit QuickWit

QuickWit Weekly (10/11): WitsNotes Vol. 4 & Last Week’s Top Retail News

WitsNotes Volume 4 takes us to a new frontier of Marketing. Title: Re-invented Marketing: A Candid, Myth-busting Interview Author: Rishad Tobaccowala (The talk and his website)  Topic(s): Marketing Length: 1 hour RetailWit Summary: 5 minutes Summary Marketing is in a perilous spot—the cookie is crumbling, privacy will be a competitive advantage, CMO tenure is the […]
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  1. Trends & External Forces

Emerson Industry Day unites retailers, suppliers

Ed Morgan, president and partner of Emerson Group, co-hosted the virtual event. PHILADELPHIA — While the COVID-19 pandemic is by no means a thing of the past, its profound impact over the last 18 months on so many different aspects of life has naturally raised the question of what lies ahead, what is next — […]
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  1. Channel: Drug

Rite Aid Evolving with a Fresh Food Focus

  Retailer after retailer find that evolving with consumers pays off in the long run. Consumers are dynamic not static and retailers must be as well.  Demand for grocerant niche Ready-2-Eat and Heat-N-Eat fresh food had created new growth for many a retailer as regular readers of this blog know. Steven Johnson, Grocerant Guru® at […]
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  1. Channel: Drug

Rite Aid partners with Uber Eats

PHILADELPHIA — Rite Aid Corp. has expanded its partnership with Uber Technologies to offer delivery of Rite Aid products nationwide through Uber Eats, the company said Friday. This partnership will allow customers to conveniently order and receive essential health care and grocery items directly to their homes. Jim Peters On-demand delivery is now available for 2,185 […]
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  1. Channel: Drug

Rite Aid Partners With Uber Eats to Expand On-Demand Delivery Nationwide

PHILADELPHIA–(BUSINESS WIRE)–Today, Rite Aid (NYSE: RAD) announced the expansion of their partnership with Uber Technologies, Inc. (NYSE: UBER) to offer delivery of Rite Aid products nationwide through Uber Eats. This partnership will allow customers to conveniently order and receive essential healthcare and grocery items directly to their homes. On-demand delivery is now available for 2,185 […]
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  1. Channel: Drug

Rite Aid reports Q2 earnings

CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported a narrower than expected second quarter loss. The net loss was $100.3 million, or $1.86 per share for the period ended August 28. The adjusted net loss was $22 million, or 41 cents per share. Analysts had forecast an adjusted net loss of 48 cents. Adjusted […]
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  1. Channel: Drug

Rite Aid Corporation Reports Fiscal 2022 Second Quarter Results and Raises Full Year Adjusted EBITDA Guidance

CAMP HILL, Pa.–(BUSINESS WIRE)–Rite Aid Corporation (NYSE: RAD) today reported operating results for its second fiscal quarter ended August 28, 2021. For the second quarter, the company reported net loss from continuing operations of $100.3 million, or $1.86 loss per share, Adjusted net loss from continuing operations of $22.0 million, or $0.41 loss per share, […]
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  1. Channel: Drug

Rite Aid teams with CLEAR to offer digital vaccine card

CAMP HILL, Pa. — Rite Aid is partnering with CLEAR, the secure identity company, to offer customers the ability to access and share their proof of COVID-19 vaccination with CLEAR’s digital vaccine card and Health Pass. Customers vaccinated at any Rite Aid location can supplement their paper vaccination card with a verified digital version accessible on […]
2 min read
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  1. Channel: Drug

Rite Aid announces new corporate workplace

PHILADELPHIA — Rite Aid has announced its corporate workplace of the future – a remote-first work approach for corporate associates, supported by a network of collaboration centers throughout the company’s geographic footprint. The reimagined workplace model focuses on flexibility for associates, while also creating an official headquarters space in Philadelphia designed specifically for in-person collaboration and […]
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  1. Channel: Drug

Glenn Figenholtz joins The Swanson Group

BUFFALO GROVE, Ill. — Former Walgreens executive Glenn Figenholtz has joined The Swanson Group as executive vice president and chief customer officer. Glenn Figenholtz “Glenn will be focused on working with our clients to develop best in class go-to-market strategies tailored to meet our customer’s needs, according to the company, which provides strategic sales and […]
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  1. Channel: Drug

Lance Neill joins Rite Aid’s Elixir as COO

CAMP HILL, Pa. — Rite Aid’s Elixir subsidiary, which provides pharmacy benefits and services, said Tuesday that veteran healthcare and pharmacy executive Lance Neill has joined the company as chief operating officer. Neill was most recently vice president of network development and contracting for Centene’s portfolio of managed care products, representing $32 billion in annual […]
2 min read
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  1. Corporate Strategy

Lance Neill Joins Elixir as New Chief Operating Officer

CAMP HILL, Pa.–(BUSINESS WIRE)–Elixir, a wholly owned subsidiary of Rite Aid (NYSE: RAD) that provides pharmacy benefits and services, today announced that veteran healthcare and pharmacy executive Lance Neill has joined the company as chief operating officer. Neill was most recently vice president of network development and contracting for Centene’s portfolio of managed care products, […]
< 1 min read
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  1. Channel: Drug

Rite Aid to Release Second Quarter Results on September 23

CAMP HILL, Pa.–(BUSINESS WIRE)–Rite Aid Corporation (NYSE:RAD) said today that it will release financial results for its Fiscal 2022 Second Quarter, which ended Aug. 28, 2021, on Thursday, Sept. 23, 2021. The company will hold an analyst call at 8:30 a.m. Eastern Time with remarks by Rite Aid’s management team. The call will be broadcast […]
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  1. Trends & External Forces

Rite Aid offering COVID-19 tests for students

CAMP HILL, Pa. — Rite Aid and the U.S. Department of Health and Human Services (HHS), together with BioReference Laboratories, Inc., an OPKO Health company, announced a ‘Back to School’ COVID-19 testing program offering students at New York State public schools the opportunity for free COVID-19 testing prior to or at the start of the […]
2 min read
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  1. Media & Marketing

Drug Channels News Roundup, August 2021: OptumRx’s New GPO, Pharmacy DIR Fees, State Biosimilar Laws, UM Views, and a Newspaper Delivers

Our not-quite-post-pandemic summer is coming to an end. Time to pack away the bathing suit and get serious again—with these curated curiosities combed from the now-barren Drug Channels beach: OptumRx joins the PBM GPO game Pharmacy DIR fees hit $11 billion A terrific resource on state biosimilar laws Patient views on utilization management Plus, my social […]
2 min read
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  1. Channel: Drug

Rite Aid enters amendment to credit agreement

CAMP HILL, Pa.— Rite Aid Corp. has entered into an amendment to its senior secured credit agreement, which, after giving effect to the amendment, consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million “first-in, last out” senior secured term loan facility, the company said Monday. The new facilities extend […]
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  1. Technology & Innovation

Eosera ranks No. 753 on the 2021 Inc. 5000 list

FORT WORTH, Texas — Inc. magazine revealed that Eosera is No. 753 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Eosera also ranked No. 79 in the industry, No. 55 in the state of Texas, and No. 21 in the DFW metroplex. The list represents a unique look at the […]
2 min read
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  1. Channel: Grocery

Your Views: Freedoms & Responsibilities

Got the following email from an MNB reader: First let’s talk about Albertsons. I call on Albertsons and some other chains they own. I read with interest your blurb about their new “Fresh Pass” initiative. While it may be a good idea, I have to wonder how successful they will be with it. I call […]
4 min read
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  1. Trends & External Forces

Primary care services are embraced

NEW YORK — Investments by mass retailers to beef up their capabilities in the delivery of primary care services is paying dividends, according to market research from J.D. Power. The research shows that pharmacy consumers are relying on retailer services including vaccinations, screenings and physical exams, and are generally satisfied with their decisions to do […]
2 min read
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  1. RetailWit QuickWit

Daily QuickWit (10/21) – Top Retail News of the Day

Kroger launches private targeted marketing platform. Big news coming from 84.51 / KPM. The platform allows clients to use their demand-side platform (DSP) of choice. Data is money, and Kroger has blown open the doors for extending first-party data beyond their walled garden—while maintaining (shopper) privacy and control.  Amazon gives third-party sellers access to more […]
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  1. Channel: Grocery

Kroger Debuts Private Programmatic Advertising Marketplace

Solution enables brands to target relevant shoppers, optimize performance against actual retail sales The Kroger Co.’s retail media business, Kroger Precision Marketing (KPM) powered by 84.51°, has rolled out a new private programmatic advertising marketplace. The Kroger Private Marketplace enables agencies and brands to target consumers by applying Kroger audience data to programmatic campaigns on […]
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  1. RetailWit QuickWit

Daily QuickWit (10/19) – Top Retail News of the Day

Albertsons posts Q2 earnings beat. ID sales +1.5% (2 year stacked: 15.3%); digital sales +5% (2 year stacked: +248%). They announced a strong quarterly dividend of 20% and raised FY2021 outlook.  Gross profit margin decreased 28.6% (fuel, inflation, supply chain costs). Albertsons spoke to their transformation strategy and, specifically, called out modernizing their technical infrastructure […]
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