Rite Aid

  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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  1. Corporate Finance

Rite Aid files for Chapter 11 bankruptcy protection

PHILADELPHIA — Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection, as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation. In connection with this process, Rite Aid said it has […]
2 min read
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  1. Channel: Drug

Rite Aid Takes Steps to Accelerate Transformation and Position Company for Long-Term Success

PHILADELPHIA–(BUSINESS WIRE)–Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced it has reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the Company to accelerate its ongoing business transformation. Implementing the contemplated restructuring plan will significantly reduce the […]
< 1 min read
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  1. Corporate Strategy

Rite Aid Corporation Appoints Jeffrey S. Stein Chief Executive Officer

PHILADELPHIA–(BUSINESS WIRE)–Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that its Board of Directors has appointed Jeffrey S. Stein as Chief Executive Officer (CEO), Chief Restructuring Officer (CRO) and a member of the Board of Directors, effective immediately. Mr. Stein succeeds Elizabeth (“Busy”) Burr, who has served as Interim CEO of […]
< 1 min read
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  1. Department & Category

Rite Aid Targets Sprouts, Earth Fare, and Whole Foods

  In a never ending battle for share of stomach Rite Aid is targeting the ‘better-4-you’ space and it’s preminmum profit subset of ‘better-4-you’ snacks.  According to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®, “Rite Aid is right on, cherry picking the preminium profit sub-category of ‘better-4-you’ snacks. In case you did […]
2 min read
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  1. Channel: Grocery

SN Top 10: Walmart, Walgreens, Kroger top the week's headlines

    [[“value”:” In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Former FTC policy director: Kroger, Albertsons merger is facing ‘a hurricane storm’. The Federal Trade Commission (FTC) could be leaning towards challenging the Kroger, Albertsons merger in court, and representatives on both sides are scheduled […]
< 1 min read
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  1. Corporate Finance

Rite Aid faces NYSE delisting amid share-price decline

    [[“value”:” Rite Aid Corp. said this week that it was in danger of being delisted from the New York Stock Exchange as its stock price and market capitalization have plunged. The company said its stock, which has lost about 80% of its value since July and was trading at between about 52 and […]
2 min read
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  1. Channel: Drug

Rite Aid faces NYSE delisting

​[[“value”:” Dive Brief News of the company’s possible removal from the New York Stock Exchange follows talks of a possible bankruptcy filing. Published Oct. 5, 2023 A Rite Aid store. The company may close up to 500 of its 2,200 locations as part of a possible Chapter 11 bankruptcy filing. Permission granted by Rite Aid […]
< 1 min read
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  1. Channel: Drug

SN Top 10: Rite Aid, Target, Kroger 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, bracing for bankruptcy, will close hundreds of stores. Rite Aid is getting ready to close hundreds of stores as it gets ready to file for bank”]] 
< 1 min read
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  1. Channel: Drug

Rite Aid to Close Hundreds of Stores in Bankruptcy: Report

Pharmacy chain Rite Aid is reportedly in talks about a bankruptcy plan that could lead to the closure of a significant number of its 2,100 drugstores, with sources suggesting up to 500 stores may be shuttered. Discussions are ongoing, and Rite Aid has stated that no final decisions have been reached. The move comes as…
< 1 min read
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  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 […]
< 1 min read
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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 […]
< 1 min read
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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 […]
< 1 min read
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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 […]
< 1 min read
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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 […]
< 1 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 […]
< 1 min read
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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 […]
< 1 min read
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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. Media & Marketing
  2. Channel: Grocery
  3. Media & Marketing

Kroger considers Disney+ perk for grocery delivery members

​US retail giant Kroger is reportedly in talks with the Walt Disney Company to offer the Disney+ streaming service as a benefit to paying members of its Kroger Boost grocery delivery programme. The post Kroger considers Disney+ perk for grocery delivery members appeared first on Retail Insight Network.
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  1. Technology & Innovation
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  8. Associates & Employees
  9. Stores & Formats

Sam’s Club Expands Store Rollout of AI-Powered Exit Tech

Walmart-owned Sam’s Club says it’s turning to artificial intelligence to speed up its own exit technology. Instead of requiring store staff to check members’ purchases against their receipts when leaving the store, Sam’s Club customers who pay either at a register or through the Scan & Go mobile app can now walk out of the […]
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