Rite Aid

  1. Trends & External Forces

Rx Records  Being Provided To Law Enforcement, No Warrant Required

The Washington Post reports that “the nation’s largest pharmacy chains have handed over Americans’ prescription records to police and government investigators without a warrant, a congressional investigation found, raising concerns about threats to medical privacy. “Though some of the chains require their lawyers to review law enforcement requests, three of the largest — CVS Health, […]
2 min read
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  1. Trends & External Forces

Medicare Part D in 2024: Mapping Large Chains’ Position in 2024’s Preferred Pharmacy Networks

In Medicare Part D in 2024: The Seven Largest Companies’ Preferred Pharmacy Networks and the Coming Collapse of the PDP Market, I documented how those networks now dominate stand-alone Medicare Part D prescription drug plans (PDPs) and have become a major presence in Medicare Advantage prescription drug (MA-PD) plans. Today, I examine the seven largest […]
2 min read
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  1. Channel: Drug

Walgreens Cuts 5% of Corporate Workforce in Streamlining Bid

Walgreens Boots Alliance (WBA) will cut 267 jobs — 5% of its corporate workforce — in a move to “streamline our operations and focus on our critical priorities,” according to a Walgreens spokesperson, who noted that “none of these roles are based at our stores.” These latest cuts follow a 10% reduction in Walgreens’ corporate […]
< 1 min read
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  1. Channel: Drug

SN Top 10: Rite Aid, Walgreens, California’s Northgate Markets top the week's headlines

 ​[[“value”:”In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Rite Aid closing additional stores in Chapter 11 filing. Rite Aid has added more store closings as part of its Chapter 11 bankruptcy filing, reports Geo”]] 
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  1. Channel: Delivery

DoorDash adds HSA and FSA payment capability

    [[“value”:” DoorDash has enabled payment options for both HSA (Health Savings Account) and FSA (Flexible Spending Accounts) to pay for eligible items at select merchants on the delivery company’s app.  Consumers can use their HSA and FSA funds to pay for over 30,000 HSA/FSA-eligible products on DoorDash including select over-the-counter (OTC) medicine, COVID-19 […]
< 1 min read
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  1. Channel: Drug

Rite Aid to offer veteran appreciation discount

PHILADELPHIA — Rite Aid said it will honor the service and sacrifice of all veterans and active military personnel this Veterans’ Day by offering a “Veteran Appreciation Days” promotion. From Nov. 10-12, customers with a valid military ID or proof of service are eligible for 15% off regular-priced items* at any Rite Aid store location. […]
< 1 min read
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  1. Corporate Strategy

UNFI names Andre Persaud as president and CEO of retail

    [[“value”:” Andre Persaud has been named president and CEO of retail for United Natural Foods Inc. Persaud will be in charge of UNFI’s Cub Foods and Shoppers Food Warehouse. He has spent almost 30 years in retail and has served in senior leadership roles with major food and pharmacy companies the last two […]
< 1 min read
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  1. Corporate Strategy

UNFI names Andre Persaud president and CEO of Retail

PROVIDENCE, R.I. — United Natural Foods, Inc. (UNFI) announced the appointment of Andre Persaud as president and chief executive officer of Retail, effective November 6, 2023. Persaud will lead the company’s two retail banners, CUB (located primarily in Minnesota) and Shoppers Food Warehouse (located primarily in Washington D.C. and Maryland). He will serve on UNFI’s […]
2 min read
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  1. Media & Marketing

Drug Channels News Roundup, October 2023: CVS & Humira Biosimilars, GLP-1 G2N Bubble, 340B Abuses, Rite Aid’s Endgame, Mark Cuban Update, and an Epic Meetup

Zoinks! It’s time for a super-sized Halloween roundup of wicked Drug Channels’ tales. This month’s tricks and treats: Spooky! CVS Health frightens all but one Humira biosimilar maker away from its formulary. Creepy! The gross-to-net bubble for anti-obesity GLP-1 drugs walks among us. Grotesque! Penn Medicine gorges on the 340B program. Vampiric! Rite Aid’s many […]
2 min read
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  1. Channel: Grocery

SN Top 10: Dollar General, Publix, Giant Eagle top the week's headlines

    [[“value”:” In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Publix introduces 9 limited-time private label ice cream flavors. Publix has launched nine limited-time own brand ice cream flavors for the fall / winter season. Most flavors are available in quart-size cartons; however, three flavors — Peppermint […]
< 1 min read
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  1. Stores & Formats

Chain Drug Employees Plan Walkouts This Week

From Fox Business: “Workers from some of the nation’s biggest pharmacy chains, from CVS to Walgreens, have planned another ‘walkout’ starting Monday as they continue to plead for better working conditions. “They’re calling it ‘pharmageddon,’ Shane Jerominski, a licensed pharmacist for over a decade who is helping coordinate the latest protest, told Fox Business. “From […]
< 1 min read
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  1. Channel: Drug

Your Views:  On Drugs

Got the following email from MNB reader Michael Blackburn: Regarding CVS and Walgreens (not even going to bring in the bankrupt Rite Aid into this discussion as they have been failing for the past two decades), when exactly were they poised to take over the U.S. healthcare system?  Historically, drug stores sold scripts with a […]
3 min read
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  1. Channel: Drug

FaceTime with the Content Guy:  Unhealthy Ambitions

The Los Angeles Times recently has a column about how Walgreens, CVS and Rite Aid tried to take over healthcare – and failed.  I think the piece got it partly right – healthcare is in fact a tough nut to crack.  But I also believe that the Times missed one critical factor – that CVS, […]
< 1 min read
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  1. Stores & Formats

Rite Aid plans to close over 150 underperforming stores

PHILADELPHIA — Rite Aid plans to plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process. The company submitted a list of 154 stores in a court filing. Most of the chain’s stores are on the East and West Coasts, and the list reflects […]
2 min read
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  1. Trends & External Forces

The Growing Expanse Of Pharmacy Deserts

The Washington Post writes that “after decades of expansion, the nation’s largest drugstore chains are closing hundreds of stores as they reorient their operations against rising competition, a crush of opioid lawsuits and other forces — relegating many already-vulnerable communities into pharmacy deserts. “Rite Aid, which filed for Chapter 11 bankruptcy protection last week, CVS […]
2 min read
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  1. Channel: Mass

SN Top: Sobeys, Walmart, Walgreens top the week's headlines

    [[“value”:” In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Sobeys vegetable supplier calls it quits. A supplier of some vegetables to Sobeys stores has sold its operations, reports Canada news outlet Saltwire. Sawler Gardens’ sale with a local farmer located about a mile from its land located on […]
< 1 min read
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  1. Channel: Grocery

Register for NACDS’ 90th anniversary celebration

NEW YORK — Time is running out to register for NACDS’ 90th anniversary celebration. Chain Drug Review, Drug Store News, The Emerson Group and MMR have joined forces to celebrate the contributions of the National Association of Chain Drug Stores and community pharmacy retailers. Registration is open for this special event, which will be held […]
4 min read
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  1. Channel: Drug

Walgreens Agrees to $192.5 Million Settlement with Shareholders over Failed Rite Aid Merger

Just three weeks before it was set to go to trial, Walgreens Boots Alliance (WBA) has agreed to pay $192.5 million to settle a class-action lawsuit brought by investors who claim they were misled by the company about the likelihood of a successful 2015 merger with Rite Aid, multiple sources report.   In late 2015, […]
2 min read
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  1. Channel: Drug

Walgreens agrees to pay $192.5m to settle Rite Aid investors’ lawsuit

Walgreens is one of the leading pharmacy chains in the US. Credit: Kevin Zolkiewicz/ Flickr (Creative Commons). US-based retail pharmacy chain Walgreens Boots Alliance (WBA) has agreed to pay $192.5m to settle a class action lawsuit filed by investors of drugstore chain Rite Aid, Reuters reported. On 27 October 2015, Rite Aid and Walgreens announced […]
2 min read
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  1. Department & Category

Conversation with Chip Conley — Reframing Aging, Mid-Life Chrysalis, and Maintaining a Growth Mindset

Chip Conley, the founder and CEO of Modern Elder Academy and the former head of global hospitality and strategy at Airbnb, joins Scott to discuss solutions to the agist workforce, thinking of a mid-life crisis as a chrysalis, and the things to consider as you build your career path.  Scott opens with his thoughts on […]
< 1 min read
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  1. Channel: Drug

Rite Aid looks to close 154 stores in Chapter 11 bankruptcy

    [[“value”:” Details are starting to surface about Rite Aid’s Chapter 11 bankruptcy filing, and it looks like the retailer plans to close 154 stores, reports Business Insider. The number was pulled from court documents. As it stands, Pennsylvania will lose the most stores (37), followed by California (28), with many others on the […]
< 1 min read
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  1. Channel: Drug

Your Views:  Performance Issues

This reaction to our story about Rite Aid’s bankruptcy: Sad story about Rite-Aid.  Living in a town that has all three (RA, CVS, & Walgreens), I foresee the only thing keeping the Rite-Aid open is the fact that it is in a neighborhood area and likely gets decent local foot traffic.  I cannot imagine that’s […]
4 min read
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  1. Channel: Drug

Rite Aid Files For Bankruptcy

Rite Aid, the nation’s third largest drug store chain, filed for Chapter 11 bankruptcy protection yesterday. The New York Times writes that the company is “weighed down by billions of dollars in debt, declining sales and more than a thousand federal, state and local lawsuits claiming it filled thousands of illegal prescriptions for painkillers. Rite […]
2 min read
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Kroger Delivers its First-Party Data to the Yahoo DSP

Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […]
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Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […]
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Walmart to close all 51 health centers

BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […]
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