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Albertsons Companies and Rite Aid Corporation announce merger agreement

Combination Will Create Strong Local Networks in Attractive Geographies Integrated Platform Will Provide Customers Greater Choice, Convenience, and Access, and Accelerate Omni-Channel Strategy to Reach More Customers and Drive Profitable Growth John Standley to Serve as Chief Executive Officer and Bob Miller to Serve as Chairman of Combined Company Transaction Expected to Generate Run…
February 21, 20180Comments

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Business Healthcare Management Retail Retailer

Rite Aid updates on the progress of its plans to sell stores to Walgreens Boots Alliance

CAMP HILL, Pa., 2018-Feb-13 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today (Feb. 8, 2018) provided an update on the progress of its plans to sell stores to Walgreens Boots Alliance, Inc. (Nasdaq: WBA) pursuant to the previously disclosed Amended and Restated Asset Purchase Agreement, dated as of September 18, 2017 (the "Asset Purchase…
February 13, 20180Comments

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Business Healthcare Management Retail Retailer

Rite Aid updates on the progress of its plans to sell stores to Walgreens Boots Alliance, Inc.

CAMP HILL, Pa., 2018-Jan-23 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today (Jan. 22, 2018) provided an update on the progress of its plans to sell stores to Walgreens Boots Alliance, Inc. (Nasdaq: WBA) pursuant to the previously disclosed Amended and Restated Asset Purchase Agreement, dated as of September 18, 2017 (the "Asset…
January 23, 20180Comments

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Business Healthcare Management Retail Retailer

Rite Aid Corporation appoints Ken Black SVP and chief human resources officer

CAMP HILL, Pa., 2017-Jan-25 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today (Jan. 23, 2017) announced that Ken Black, Rite Aid's current group vice president of compensation, benefits and shared services, has been named senior vice president and chief human resources officer, effective immediately. He is succeeding Dedra N. Castle, who is…
January 25, 20170Comments

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Business Financial Healthcare Management Retail Retailer

Walgreens Boots Alliance to sell 865 Rite Aid stores to Fred’s, Inc. for $950 million

Deerfield, Ill., and Camp Hill, Pa., 2016-Dec-21 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Rite Aid Corporation (NYSE: RAD) announced today (20 December 2016 ) they have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred's, Inc. (Nasdaq: FRED) for $950…
December 21, 20160Comments

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Business Human Resources Management Retail Retailer

American Pharmacist Month: Vote for your favorite Rite Aid pharmacy team member

CAMP HILL, Pa., 2016-Oct-04 — /EPR Retail News/ — To celebrate American Pharmacist Month, Rite Aid is asking customers nationwide to recognize their favorite pharmacy team member through its thirteenth annual Vote for Your Favorite Pharmacy Team Member Contest. By submitting a nomination for their favorite Rite Aid pharmacy team member, customers have a chance to…
October 4, 20160Comments

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Business Financial Healthcare Management Retail Retailer

Rite Aid Corporation announces operating results for its second fiscal quarter ended August 27, 2016

CAMP HILL, Pa., 2016-Sep-23 — /EPR Retail News/ — For the second quarter, the company reported revenues of $8.0 billion, net income of $14.8 million, or $0.01 per diluted share, Adjusted net income of $35.5 million, or $0.03 per diluted share and Adjusted EBITDA of $312.7 million, or 3.9 percent of revenues. "In the second quarter, we…
September 23, 20160Comments

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Business Financial Management Retail Retailer

Rite Aid Corporation announces operating results for its fourth quarter and fiscal year ended February 27, 2016

Revenues of $8.3 Billion for the Fourth Quarter, Up 20.8 Percent Year-Over-Year and $30.7 Billion for the Full Year, Up 15.9 Percent Year-Over-Year  Fourth Quarter Adjusted Net Income Per Diluted Share of $0.07, Compared to the Prior Yearof $0.06; Full Year Adjusted Net Income Per Diluted Share of $0.23, Compared to the Prior Year  of $0.27  Fourth…
April 9, 20160Comments

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Healthcare Management Marketing Retail Retailer

Rite Aid brings back its Vote for Your Favorite Pharmacy Team Member Contest to celebrate American Pharmacist Month

CAMP HILL, Pa., 2015-10-3 — /EPR Retail News/ — Rite Aid is once again bringing back its nationwide annual Vote for Your Favorite Pharmacy Team Member Contest to celebrate American Pharmacist Month. Through the contest, Rite Aid customers have a chance to win $2,500 in Rite Aid gift cards by nominating a favorite member of their Rite…
October 3, 20150Comments

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Business Financial Healthcare Retail Retailer

Rite Aid 2Q Fiscal 2016: Net Income $21.5m; Adjusted EBITDA $346.8m

Second Quarter Net Income of $21.5 Million and Net Income per Diluted Share of $0.02, Compared to Prior Year's Second Quarter Net Income of $127.8 Million and Net Income  per Diluted Share of $0.13 Second Quarter Adjusted EBITDA of $346.8 Million Compared to Adjusted EBITDA of $364.2 Million in Prior Year's Second Quarter Completes Previously Announced Acquisition…
September 21, 20150Comments

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Business Financial Healthcare Management Retail Retailer

Rite Aid completes acquisition of Envision Pharmaceutical Services

CAMP HILL, Pa., 2015-6-25 — /EPR Retail News/ — Rite Aid (NYSE: RAD) has completed its previously announced acquisition of Envision Pharmaceutical Services ("EnvisionRx") from leading global private investment firm TPG and other shareholders in a transaction valued at approximately $2 billion, including approximately $1.8 billion in cash and approximately 27.9 million Rite Aid shares. "The completion…
June 25, 20150Comments

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Business Financial Healthcare Management Retail Retailer

Rite Aid Corporation reports its operating results for its fourth quarter and fiscal year ended February 28, 2015

•   Fourth Quarter Net Income of $1.835 Billion and Net Income per Diluted Share of $1.79, Compared to the Prior Year's Fourth Quarter Net Income of $55.4 Million and Net Income per Diluted Share of $0.06 •   Full Year Net Income of $2.109 Billion and Net Income per Diluted Share of $2.08, Compared to the Prior…
April 9, 20150Comments

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Business Healthcare Retail Retailer

Rite Aid Corporation opens its first net-new store built from the ground up since 2010 in Harrisburg, Pa.

New Store is the Company's First Net-New Store Built from the Ground Up Since 2010 Congressman Lou Barletta, Rite Aid Chairman and Chief Executive Officer John Standley and Rite Aid President and Chief Operating Officer Ken Martindale to Host Ribbon-Cutting Today at 10:30 a.m. Rite Aid Foundation to Donate $5,000 to the Foundation for the…
March 12, 20150Comments

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Business Financial Healthcare Management Retail Retailer

Rite Aid to acquire EnvisionRx for $2 billion

Provides a Full Suite of Pharmacy Benefit Management Capabilities to Enhance Rite Aid's Healthcare Offering and Drive Growth Across its Retail Healthcare Platform CAMP HILL, Pa. and TWINSBURG, Ohio, 2015-2-13 — /EPR Retail News/ — Rite Aid (NYSE: RAD) and Envision Pharmaceutical Services ("EnvisionRx") today announced that they have entered into a definitive agreement under which Rite…
February 13, 20150Comments

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Business Healthcare Management Retail Retailer

Rite Aid Corporation to build 900,000 square foot distribution center in Spartanburg, S.C.

Rite Aid's First New Facility in 15 Years Set to Open in 2016 Conveniently Located Near I-85 Corridor, Center Will Create Nearly 600 Jobs and Service Approx. 1,000 Rite Aid Stores Across Southeast CAMP HILL, Pa., 2015-1-29 — /EPR Retail News/ — Rite Aid Corporation announced today plans to build a 900,000 square foot distribution center…
January 29, 20150Comments

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Business Healthcare Management Marketing Retail Retailer

John Standley, Darren Karst and Matt Schroeder of Rite Aid will address the 33rd Annual J.P. Morgan Healthcare Conference on Wednesday, January 14, in San Francisco

Camp Hill, Pa., 2015-1-8 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) announced today that John Standley, chairman, and chief executive officer; Darren Karst, executive vice president and chief financial officer and Matt Schroeder, group vice president, strategy, investor relations and treasurer, will address the 33rd Annual J.P. Morgan Healthcare Conference on Wednesday, January 14,…
January 8, 20150Comments

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Business Financial Management Retail Retailer

Rite Aid Corporation reported $6.7 billion revenues for its fiscal third quarter ended November 29, 2014

• Third Quarter Net Income of $104.8 Million and Net Income per Diluted Share of $0.10, Compared to Prior Year's Third Quarter Net Income of $71.5 Million and Net Income per Diluted Share of $0.04 • Third Quarter Adjusted EBITDA of $332.8 Million Compared to Adjusted EBITDA of $282.3 Million in Prior Third Quarter • Rite Aid Raises Fiscal 2015 Outlook CAMP HILL, Pa., 2014-12-18…
December 18, 20140Comments

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Business Healthcare Management Marketing Retail Technology

Rite Aid kicks off American Pharmacists Month with Vote for Your Favorite Pharmacy Team Member Contest with new video voting feature

CAMP HILL, Pa., 2014-10-2— /EPR Retail News/ —  To kick off American Pharmacists Month, Rite Aid is bringing back its nationwide Vote for Your Favorite Pharmacy Team Member Contestwith a new video voting feature. Through the contest, Rite Aid customers have a chance to win $2,500 in Rite Aid gift cards by nominating a favorite member…
October 2, 20140Comments

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Business Financial Healthcare Management Retail Retailer

Rite Aid Corporation reports operating results for its fiscal second quarter ended August 30, 2014

Second Quarter Net Income of $127.8 Million and Net Income per Diluted Share of $0.13, Compared to Prior Year's Second Quarter Net Income of $32.8 Million and   Net Income per Diluted Share of $0.03 Second Quarter Adjusted EBITDA of $364.2 Million Compared to Adjusted EBITDA of $341.6 Million in Prior Second Quarter Rite Aid Lowers…
September 19, 20140Comments

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