Tag Archives: Rite Aid

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Rite Aid pharmacies are currently stocked with flu shots

Camp Hill, Pa., 2018-Feb-15 — /EPR Retail News/ — In response to a flu season that health experts are calling one of the most severe in the past decade, Rite Aid is making sure its pharmacies are stocked with flu shots. The effort comes as the Centers for Disease Control and Prevention (CDC) reported on Friday the highest rate of influenza-like illnesses since 2009 and the highest flu hospitalization rate since 2010, when the agency began keeping such records. The CDC also reported that between Jan. 28-Feb.3, 2018, flu and pneumonia accounted for 10% of deaths in the country.

“With the CDC reporting that we’ve not yet reached the peak of flu season and the potential for flu activity for several more weeks, we’re following the situation closely and making every effort to have flu shots available in all of our pharmacies,” says Jocelyn Konrad, Rite Aid executive vice president of pharmacy. “We encourage anyone who hasn’t yet received a flu shot to get one today and protect themselves and those around them for the duration of the flu season.”

Flu shots are currently available at all Rite Aid pharmacies and are covered by most insurance plans with $0 co-pay, including Medicare Part B. Rite Aid certified immunizing pharmacists are able to administer flu shots, subject to state regulations, during pharmacy hours; no appointment is necessary.

Since pneumonia can be a serious and sometimes deadly complication of the flu, especially for older adults, the CDC also recommends the pneumococcal vaccine for those 65 and over. Rite Aid pharmacies also have supplies of pneumococcal shots, which can be administered at the same time as the flu shot, subject to state regulations. Like flu shots, pneumococcal shots are covered by many insurance plans and most customers with Medicare Part B will have $0 co-pay.

To locate the nearest Rite Aid pharmacy, visit www.riteaid.com or call 1-800-RITE-AID.

Rite Aid pharmacies also have supplies of the prescription medications Tamiflu and Relenza for those patients whose doctor has prescribed one of these medications. If necessary, Rite Aid pharmacists are trained to be able to compound Tamiflu for pediatric patients.

In addition, Rite Aid pharmacists are available to counsel customers on over-the-counter medicines, like pain relievers, cough and cold medicines and hydration products that can be used to help manage symptoms associated with the flu. To help prevent the spread of the flu, Rite Aid store shelves are also stocked with additional supplies of hand sanitizer and soaps, masks, gloves, tissues and household disinfectants.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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Contact:

Media: Ashley Flower 717-975-5718

SOURCE: Rite Aid Corp.

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Rite Aid the one-stop shop to make sweethearts swoon this Valentine’s Day

Camp Hill, Pa., 2018-Feb-13 — /EPR Retail News/ — Rite Aid is helping Cupids everywhere this Valentine’s Day by offering a wide assortment of gifts, cards and giftwrap to celebrate the season of love. Visit any Rite Aid location for one-stop shopping and gifts guaranteed to make sweethearts swoon this Valentine’s Day.

Sweet Confections
Nothing says Valentine’s Day like a heart-shaped box of chocolates. Rite Aid shelves are lined with a large assortment of boxed chocolate hearts in all shapes and s from favorites such as Dove, Ferrero Rocher, Russell Stover and Whitman’s. Little sweethearts will swoon over boxed chocolate and mini-plush gifts featuring Snoopy, hedge hogs and teddy bears. And fill the candy dish seasonal treats like Hershey Kisses, M&M’s and classic conversation hearts and bite-d chocolates from Ghirardelli and Lindt.

Say What You Feel 
Whatever you’re trying to say February 14, Rite Aid has a card for you this Valentine’s Day. From bold colors, contemporary accents and unique designs, no matter the sentiment, Rite Aid carries a wide selection of Valentine’s Day cards perfect for that special someone in your life. Don’t forget about the classroom exchange! Choose from kits with stickers or candy and favorite designs like Paw Patrol, Guardians of the Galaxy, My Little Pony and Cars.

Sweet & Snuggly 
Seasonal plush items include animated spinners, dancing animals and a 51-inch giant plush teddy bear with an embroidered heart. Or, pick up a Valentine’s Day themed puppy, bear, hippo, frog or monkey, available in a variety of colors and s. Novelty gifts include love coupon books, coffee mugs and tumblers make the perfect addition to any gift.

Gifts They’ll Love and Love to Use
Give the lady in your life a bottle of her favorite fragrance from brands like Calvin Klein, Vera Wang or Juicy Couture. For your number one man, choose a cologne from Burberry, David Beckham or Dolce & Gabbana. Gift cards are the perfect go-to-gifts for any uncertain cupid. Give the gift of style and shopping, spa services, travel or dinner and a movie thanks to Rite Aid’s assortment of over 200 gift cards.

Spread Love 
Let love be the heart of your home with Rite Aid’s wide assortment of Valentine’s Day decorations including red-foil heart-shaped wreaths, decorative wall art and gel clings.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Contact:

Media:

Ashley Flower
717-975-5718

Source: Rite Aid Corporation

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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 Agreement”). As of February 8, 2018, Rite Aid has transferred 1,114 stores and related assets to WBA, and has received cash proceeds of $2,424 million, which the Company continues to use to reduce debt. Under the Asset Purchase Agreement, WBA will purchase a total of 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4,375 million on a cash-free, debt-free basis.

“We have now completed more than half of the planned store transfers and remain on track to finish the process in the spring of this year,” said Rite Aid Chairman and CEO John Standley. “As we work to complete this process, we remain focused on opportunities to build our business while delivering a great experience to our customers and patients and driving value for our shareholders.”

The majority of the closing conditions have been satisfied, and the subsequent transfers of Rite Aid stores and related assets remain subject to minimal customary closing conditions applicable only to the stores being transferred at such subsequent closing, as specified in the Asset Purchase Agreement. Additional details regarding today’s announcement have been filed with the Securities and Exchange Commission on Form 8-K.

Rite Aid is one of the nation’s leading drugstore chains with fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Cautionary Statement Regarding Forward Looking Statements  

Statements in this release that are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding the expected timing of subsequent closings of the sale of Rite Aid stores and assets to WBA; the ability of the parties to complete each of the subsequent closings for sale and related subsequent transactions considering the various closing conditions applicable to the stores, related assets and/or distribution centers being transferred at such subsequent closing; the outcome of legal and regulatory matters in connection with the sale of stores and assets of Rite Aid to WBA; the expected benefits of the transactions such as improved operations, growth potential, market profile and financial strength; the competitive ability and position of Rite Aid following completion of the proposed transactions; the ability of Rite Aid to implement new business strategies following the completion of the proposed transactions; the ability of Rite Aid to repay its debt using the proceeds from the proposed transactions and any assumptions underlying any of the foregoing. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, our high level of indebtedness and our ability to make interest and principal payments on our debt and satisfy the other covenants contained in our debt agreements; general economic, industry, market, competitive, regulatory and political conditions; our ability to improve the operating performance of our stores in accordance with our long term strategy; the impact of private and public third-party payers continued reduction in prescription drug reimbursements and efforts to encourage mail order; our ability to manage expenses and our investments in working capital; outcomes of legal and regulatory matters; changes in legislation or regulations, including healthcare reform; our ability to achieve the benefits of our efforts to reduce the costs of our generic and other drugs; risks related to the proposed transactions, including the possibility that the subsequent transactions may not close, including because a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transactions, or may require conditions, limitations or restrictions in connection with such approvals, the risk that there may be a material adverse change of Rite Aid, or the business of Rite Aid may suffer as a result of uncertainty surrounding the proposed transactions; risks related to the ability to realize the anticipated benefits of the proposed transactions; risks associated with the financing of the proposed transaction; disruption from the proposed transaction making it more difficult to maintain business and operational relationships; the effect of the pending sale on Rite Aid’s business relationships (including, without limitation, customers and suppliers), operating results and business generally; risks related to diverting management’s or employees’ attention from ongoing business operations; the risk that Rite Aid’s stock price may decline significantly if the proposed transaction is not completed; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the proposed transactions; potential changes to our strategy in the event the remaining proposed transactions do not close, which may include delaying or reducing capital or other expenditures, selling assets or other operations, attempting to restructure or refinance our debt, or seeking additional capital, and other business effects. These and other risks, assumptions and uncertainties are more fully described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K, and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Contact:

Investors: 

Byron Purcell
717-975-5809
investor@riteaid.com

Media:
Susan Henderson
717-730-7766

Source: Rite Aid Corporation

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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 Purchase Agreement”). As of January 22, 2018, Rite Aid has transferred 625 stores and related assets to WBA, and has received cash proceeds of $1,309.8 million, which it is using to repay all of its $970 million of outstanding secured loans while maintaining a strong liquidity position. Under the Asset Purchase Agreement, WBA will purchase a total of 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4,375 million on a cash-free, debt-free basis.

“Our teams continue to make tremendous progress in transferring stores to WBA and I want to thank them for their ongoing commitment and dedication,” said Rite Aid Chairman and CEO John Standley. “We are on track to complete the transfer of stores in the spring of this year. Going forward, we remain focused on the continued smooth execution of that process and capitalizing on our most significant business-building opportunities as we work together to deliver a great experience to our customers and patients, and drive value for our shareholders.”

The majority of the closing conditions have been satisfied, and the subsequent transfers of Rite Aid stores and related assets remain subject to minimal customary closing conditions applicable only to the stores being transferred at such subsequent closing, as specified in the Asset Purchase Agreement. Additional details regarding today’s announcement have been filed with the Securities and Exchange Commission on Form 8-K.

Rite Aid is one of the nation’s leading drugstore chains with fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Cautionary Statement Regarding Forward Looking Statements  

Statements in this release that are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding the expected timing of subsequent closings of the sale of Rite Aid stores and assets to WBA; the ability of the parties to complete each of the subsequent closings for sale and related subsequent transactions considering the various closing conditions applicable to the stores, related assets and/or distribution centers being transferred at such subsequent closing; the outcome of legal and regulatory matters in connection with the sale of stores and assets of Rite Aid to WBA; the expected benefits of the transactions such as improved operations, growth potential, market profile and financial strength; the competitive ability and position of Rite Aid following completion of the proposed transactions; the ability of Rite Aid to implement new business strategies following the completion of the proposed transactions; the ability of Rite Aid to repay its debt using the proceeds from the proposed transactions and any assumptions underlying any of the foregoing. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, our high level of indebtedness and our ability to make interest and principal payments on our debt and satisfy the other covenants contained in our debt agreements; general economic, industry, market, competitive, regulatory and political conditions; our ability to improve the operating performance of our stores in accordance with our long term strategy; the impact of private and public third-party payers continued reduction in prescription drug reimbursements and efforts to encourage mail order; our ability to manage expenses and our investments in working capital; outcomes of legal and regulatory matters; changes in legislation or regulations, including healthcare reform; our ability to achieve the benefits of our efforts to reduce the costs of our generic and other drugs; risks related to the proposed transactions, including the possibility that the subsequent transactions may not close, including because a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transactions, or may require conditions, limitations or restrictions in connection with such approvals, the risk that there may be a material adverse change of Rite Aid, or the business of Rite Aid may suffer as a result of uncertainty surrounding the proposed transactions; risks related to the ability to realize the anticipated benefits of the proposed transactions; risks associated with the financing of the proposed transaction; disruption from the proposed transaction making it more difficult to maintain business and operational relationships; the effect of the pending sale on Rite Aid’s business relationships (including, without limitation, customers and suppliers), operating results and business generally; risks related to diverting management’s or employees’ attention from ongoing business operations; the risk that Rite Aid’s stock price may decline significantly if the proposed transaction is not completed; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the proposed transactions; potential changes to our strategy in the event the remaining proposed transactions do not close, which may include delaying or reducing capital or other expenditures, selling assets or other operations, attempting to restructure or refinance our debt, or seeking additional capital, and other business effects. These and other risks, assumptions and uncertainties are more fully described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K, and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Contact:

Investors:

Byron Purcell
717-975-5809
investor@riteaid.com

Media: 

Susan Henderson
717-730-7766

Source: Rite Aid Corporation

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Rite Aid to Host Flu Facebook Live Event with certified immunizing pharmacist Chris Altman and Dr. Jennifer Caudle on Wednesday, Dec. 6

Rite Aid Certified Immunizing Pharmacist Chris Altman and Dr. Caudle to Host Flu Facebook Live Event on Wednesday, Dec. 6  

Camp Hill, Pa., 2017-Dec-06 — /EPR Retail News/ — In an effort to encourage people to get a flu shot to protect themselves from the flu this holiday season, Rite Aid is teaming up with Dr. Jennifer Caudle, a nationally renowned health expert and practicing family physician, during National Influenza Vaccination Week (NIVW). Created by the Centers for Disease Control and Prevention (CDC) in 2005, NIVW is a national observance that was established to highlight the importance of continuing influenza vaccination, as well as fostering greater use of flu vaccine after the holiday season into January. Last week, the CDC reported that flu season is off to an early start and could peak over the holidays if flu activity continues to increase at its current weekly pace.

Dr. Caudle and Rite Aid certified immunizing pharmacist Chris Altman will host a special flu-focused Facebook Live event on Wednesday, Dec. 6 at 8 p.m. ET to answer questions about the flu, address common misconceptions and provide helpful tips on how to stay healthy throughout flu season. To learn more about the event and set a reminder, visit www.facebook.com/riteaid.

“Vaccination is the single best way to protect yourself against the flu,” says Dr. Caudle. “Rite Aid pharmacists undergo special training and are professionally certified to administer immunizations and with thousands of locations across the country, Rite Aid pharmacies are a convenient and professional setting for flu shots. That’s why I’m partnering with Rite Aid and reminding people to get vaccinated as soon as possible.”

As one of the most accessible healthcare providers, Rite Aid’s 11,000 certified immunizing pharmacists are a valuable resource in helping people fight the flu, which the CDC estimates will infect one in five Americans this year. Rite Aid pharmacists are specially trained in immunizations and are able to make vaccine recommendations based on an individuals’ specific health needs.

“Our pharmacists are on the frontlines of healthcare in the communities they serve, and when it comes to fighting the flu, as certified immunizers, they can be a patient’s first line of defense,” says Jocelyn Konrad, Rite Aid executive vice president of pharmacy. “And because flu activity typically peaks between December and March according to the CDC, National Influenza Vaccination Week is the perfect time to remind people there’s still time to get vaccinated and protect themselves as well as their family this flu season.”

The CDC recommends that most healthy Americans, six months or older, including pregnant women, get vaccinated. Since it takes about two weeks from the date of your shot for your body to develop its full defense against the flu, waiting until there is an outbreak may be too late.

Seasonal flu shots are available at Rite Aid locations across the country. This year Rite Aid is offering three types of flu vaccines: a quadrivalent flu vaccine, which offers protection against four strains of the flu, the standard trivalent vaccine, and FLUAD, a trivalent vaccine with adjuvant, an ingredient that helps create a stronger immune response to vaccination, which is approved for people 65 and older.

Flu shots are covered by most insurance plans, including Medicare Part B and are available during pharmacy hours; no appointment is necessary. To locate the nearest Rite Aid pharmacy, visit www.riteaid.com or call 1-800-RITE-AID.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Dr. Jennifer Caudle is a board-certified Family Medicine physician and Associate Professor in the department of Family Medicine at Rowan University-School of Osteopathic Medicine. She is a regular on-air health expert for local and national news networks. She has appeared on CNN, The Dr. Oz Show, FOX News, CBS Philly 3 News, The Tom Joyner Morning Show, PBS and many others. Her health articles have been published in The Daily Beast, CNN.com, DoctorOz.com, abcNEWS.com and she has been quoted by USA Today, Huff Post, Reader’s Digest, Good Housekeeping, Prevention, Yahoo and many other media outlets. In 1999, Dr. Caudle earned the title of Miss Iowa and competed in the 1999 Miss America Pageant. Her website is: http://www.jennifercaudle.com/.

Contact:

Media:
Ashley Flower
717-975-5718

Source: Rite Aid Corporation

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Rite Aid kick starts the holiday shopping season with Black Friday sales from 8 a.m. Thursday through 7 a.m. Black Friday

Camp Hill, Pa., 2017-Nov-23 — /EPR Retail News/ — Rite Aid stores nationwide are ready to kick start the holiday shopping season by once again offering customers the lowest offers of the year during its Black Friday sales beginning as early as 8 a.m. Thursday and 7 a.m. Black Friday in select locations.*

Beginning Thursday, lowest offers of the year are available through Saturday, Nov. 25 when using Rite Aid’s wellness+ with Plenti card. Pick up great gifts, stocking stuffers and holiday essentials including:
• A special Black Friday deal on the Air Wars Battle Drone, available for $59.99.
• Buy one, get one free on select As Seen on TV products including Gotham Steel Square Pan, Snuggle Tails, Magic Tracks, and assorted Tac Light products.
• Fragrance sets for men and women including Nautica, Vera Wang, J Lo and Stetson for $13.99.
• Revlon Super Lustrous or Moon Drop Lipsticks 2 for $6 or a Wet n Wild mini nail set for $2.99.
• Earn up to 1200 Plenti points with the purchase of a $50 Home Depot, Gap, Old Navy or Banana Republic gift cards.
• Duracell batteries are on sale at 2 for $12, Duracell surge protectors and power banks are buy one get one free and holiday gift wrap and boxed cards are buy one get two free.
• Planters Peanuts Holiday 3-Pack for only $5.99 or Gourmet Butter Cookies for $1.77.
• Buy one, get two free deal on Hershey’s Pot of Gold or Russell Stover boxed chocolates.
• 2 for $9 DiGiornio 12-inch Pizzas, 2-liter Coke, Pepsi or 7UP products for 97 cents and assorted coffee products from Folgers and Maxwell House for only $4.99.

Rite Aid customers can also save all week on holiday décor including a variety of pre-lit Christmas trees from tabletop to 7 feet, traditional ornaments, festive wreaths, nutcrackers, acrylic villages, indoor/outdoor Christmas light sets, a classic 48-inch Santa and new this year, a 48-inch Snowman tree. In addition, great prices on Craig electronics at 50% off; choose from Bluetooth jukebox, turntable, 19-inch TV or 9-inch tablet. Also on sale, KidsStuff puzzles, games and crafts as well as stuffed animals in licensed favorites such as Snoopy, Mickey Mouse, Minions, Star Wars and Trolls.

Beginning Sunday, November 26 through Saturday, December 2, wellness+ with Plenti members will receive 30% off their online purchase, and free shipping on orders over $34.99. Visit www.riteaid.com/cyberweek to view the great deals and exclusive online only offers.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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* Store hours may vary and many pharmacies close at 3 p.m. on Thursday; see www.riteaid.com/stores for details.

Contact:

Media: Ashley Flower 717-975-5718

SOURCE: Rite Aid Corp.

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Rite Aid appoints Rob Mullins SVP, store operations of the Western division

Rite Aid’s Bill Romine to Retire after More than 20 Years of Service

CAMP HILL, Pa., 2017-Nov-17 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today (Nov. 14, 2017) announced that Rob Mullins, Rite Aid’s current divisional pharmacy vice president of the Company’s Western division, has been named senior vice president of store operations of the Western division. He succeeds Bill Romine, who is retiring from Rite Aid after more than 20 years of service. Mullins will report to Derek Griffith, Rite Aid executive vice president of store operations.

“Rob is a passionate advocate of community pharmacy and a talented operator, with more than 17 years of experience across our organization,” said Bryan Everett, chief operating officer of Rite Aid stores. “We look forward to benefitting from Rob’s knowledge in his new role as we work to grow our business and deliver an outstanding experience for both our customers and associates.”

Mullins joined Rite Aid in 2000 and has held various pharmacy positions within the company including pharmacy district manager and regional pharmacy vice president before being named to his current role in 2015. Rob holds a bachelor’s degree in pharmacy from The Ohio State University College of Pharmacy and earned his MBA at Ohio University.

Romine, who has over 40 years of retail pharmacy experience, joined Rite Aid in 1996 with the Company’s acquisition of the West Coast Thrifty-PayLess drugstore chain. Romine has served Rite Aid in operations positions of increasing responsibility, including as district manager, regional vice president and also as vice president of merchandising operations for all of Rite Aid.  He was named group vice president of metro New York in 2010 and was promoted to his current role in 2011.

Added Everett, “Bill has made many significant contributions to our Company throughout his career at Rite Aid, working tirelessly to establish Rite Aid as a leader in retail pharmacy. Equally as important, his efforts to develop members of his team in preparation to successfully take on leadership roles within our organization. We would like to thank Bill for all he has done for Rite Aid and we wish him the very best in retirement.”

Rite Aid Corporation is one of the nation’s leading drugstore chains with fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Contact:
Media:
Ashley Flower
717-975-5718

Source: Rite Aid Corporation

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Regulatory clearance for Walgreens Boots Alliance’s purchase of 1,932 stores, 3 distribution centers and related inventory from Rite Aid

  • Hart-Scott-Rodino waiting period expires for amended purchase agreement with Rite Aid
  • Final transaction includes 1,932 stores and related assets for $4.375 billion in cash
  • Store purchases expected to begin in October with completion anticipated in spring 2018
  • Walgreens Boots Alliance expects to realize more than $300 million in annual synergies within four years

DEERFIELD, Ill., 2017-Sep-21 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) announced today (19 September 2017) that it has secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid Corporation (NYSE: RAD) for $4.375 billion in cash and other consideration. The amended and restated purchase agreement between the parties updates the terms of the agreement with Rite Aid announced in June 2017. The transaction has been approved by the boards of directors of Rite Aid and Walgreens Boots Alliance and is still subject to other customary closing conditions. Store purchases are expected to begin in October, with completion anticipated in spring 2018.

The consideration for the transaction will now be $4.375 billion in cash, the assumption by Walgreens Boots Alliance of the related real estate leases and the grant of the option to Rite Aid, exercisable through May 2019, to become a member of Walgreens Boots Alliance’s group purchasing organization, Walgreens Boots Alliance Development GmbH. Walgreens Boots Alliance will also assume certain limited store-related liabilities as part of the new transaction.

“This is a significant moment for our company, and we are excited about the opportunities this agreement will deliver for our customers and patients, employees and investors,” said Walgreens Boots Alliance Executive Vice Chairman and CEO Stefano Pessina. “Combining Walgreens retail pharmacy network with a strong portfolio of Rite Aid locations is expected to help us achieve enhanced, sustainable growth while enabling us to broaden our reach and provide greater access to convenient, affordable care in more local neighborhoods across the United States. We are confident in the path ahead and look forward to working together to shape the future of health care and deliver on the full potential these stores bring to our network.”

After all stores are acquired, stores are planned to be converted to the Walgreens brand in carefully planned phases over time. The stores to be purchased are located primarily in the Northeast and Southern U.S., and the three distribution centers to be purchased are located in Dayville, Conn., Philadelphia, Pa., and Spartanburg, S.C. The transition of these distribution centers to Walgreens will not begin for at least 12 months.

Due to the expected timing of store purchases under the amended and restated asset purchase agreement, Walgreens Boots Alliance does not expect the transaction to have a significant impact to its adjusted diluted net earnings per share in its fiscal year ending 31 August 2018. The company expects to realize annual synergies from the new transaction of more than $300 million, which are expected to be fully realized within four years of the initial closing of the new transaction and derived primarily from procurement, cost savings and other operational matters.

The amended and restated asset purchase agreement replaces the earlier purchase agreement entered into by the parties in June 2017, which included 2,186 stores and related assets for $5.175 billion in cash and other consideration.

Notes to Editors:

About Walgreens Boots Alliance

Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise.

The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the USA and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25* countries and employ more than 400,000* people. The company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has over 13,200* stores in 11* countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 390* distribution centers delivering to more than 230,000** pharmacies, doctors, health centers and hospitals each year in more than 20* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands such as No7, Botanics, Liz Earle and Soap & Glory.

In October 2016 Walgreens Boots Alliance received the United Nations Foundation Global Leadership Award for its commitment to the UN’s Sustainable Development Goals. The company also ranks No. 1 in the Food and Drug Stores industry of Fortune magazine’s 2017 list of the World’s Most Admired Companies.

More company information is available at www.walgreensbootsalliance.com.

* As of 31 August 2016, using publicly available information for AmerisourceBergen.

** For 12 months ending 31 August 2016, using publicly available information for AmerisourceBergen.

Cautionary Note Regarding Forward-Looking Statements

All statements in this publication that are not historical statements are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding the amended and restated asset purchase agreement between the Company, Walgreen Co. and Rite Aid and the transactions contemplated thereby and the possible timing and effects thereof, and the ability of the parties to complete the transactions considering the various closing conditions. Words such as “expect,” “pending,” “potential”, “likely,” “preliminary,” “would,” “could,” “should,” “can,” “will,” “project,” “intend,” “plan,” “goal,” “continue,” “synergy,” “on track,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “possible,” “assume,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions, known or unknown, which could cause actual results to vary materially from those indicated or anticipated. Such risks include, but are not limited to, risks related to the proposed transactions and acquisitions generally, including the risk that the transactions may not close due to one or more closing conditions to the transactions not being satisfied or waived, risk that the business of the Company or the Rite Aid stores proposed to be sold to the Company may suffer as a result of uncertainty surrounding the transactions, risks related to the ability to realize the anticipated benefits of the proposed transactions, the outcome of legal and regulatory matters, the risk of unexpected costs, liabilities or delays, changes in management’s assumptions, the risks associated with the integration of complex businesses, and risks associated with changes in laws, regulations or interpretations thereof. These and other risks, assumptions and uncertainties are described in Item 1A (Risk Factors) of the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2016 and Quarterly Report on Form 10-Q for the fiscal quarter ended May 31, 2017, each of which is incorporated herein by reference, and in other documents that the Company files or furnishes with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by law, the Company does not undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the date of this publication, whether as a result of new information, future events, changes in assumptions or otherwise.

Contact(s):
Media Relations:
USA
Michael Polzin
+1 847 315 2935

International
Laura Vergani
+44 (0)207 980 8585

Investor Relations:
Gerald Gradwell and Ashish Kohli
+1 847 315 2922

Source: Walgreens Boots Alliance

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Rite Aid Foundation rolls out new program on reducing drug accessibility, medication misuse and accidental poisoning among children

Law Enforcement Agencies in Communities Served by Rite Aid Can Now Apply Online to Receive a Free Safe Medication Disposal Unit

Camp Hill, Pa., 2017-Aug-31 — /EPR Retail News/ — The Rite Aid Foundation announced today  (Aug. 30, 2017) the rollout of its KidCents Safe Medication Disposal Program, a new program focused on reducing drug accessibility, medication misuse and accidental poisoning among children and adolescents. Funded by The Rite Aid Foundation’s KidCents program, the program provides law enforcement agencies in communities served by Rite Aid with free medication disposal units for individuals to safely dispose of expired or unwanted prescription and over-the-counter medications.

Rite Aid Executive Vice President of Pharmacy Jocelyn Konrad, U.S. Representative Cathy McMorris Rodgers, Spokane Mayor David Condon and Spokane Police Chief Craig Meidl will officially launch the KidCents Safe Medication Disposal Program at a press conference today at 10:30 a.m. at the Spokane Police Department’s Downtown Precinct at 221 W. First Ave.

“Through KidCents and by working with local law enforcement agencies, we’ve come up with a solution to help address drug abuse and accidental poisonings, both of which pose a serious threat to the health, safety and well-being of our nation’s young people,” said Rite Aid Executive Vice President of Pharmacy Jocelyn Konrad. “Initial feedback from law enforcement agencies in our pilot markets has been positive and we continue to see strong interest in our program. We look forward to partnering with law enforcement agencies to bring disposal units to the communities we serve, truly delivering on The Rite Aid Foundation’s mission of improving the health and wellbeing of kids.”

“The cycle of addiction and drug abuse is heartbreaking. It’s something I continue to hear about as I meet with people all across Eastern Washington,” said Rep. Cathy McMorris Rodgers (WA-05). “No one can fight this battle alone-nor should they have to. Solving this problem in our community will take the collaboration of local government, law enforcement, and outreach and advocacy groups. I applaud The Rite Aid Foundation for developing the KidCents Safe Medication Disposal Program and bringing it here to Spokane to help fight back against addiction and drug abuse in our community.”

As part of The Rite Aid Foundation’s initial rollout of the KidCents Safe Medication Disposal Program, the Spokane Police Department received three medication disposal units, which are located inside the Public Safety Building at 1100 West Mallon Ave., the Spokane Police North Precinct at 5124 North Market St., and the Spokane Police Downtown Precinct at 221 W. First Ave. The units are available during business hours for people to safely dispose of prescription and over-the-counter medications that are no longer needed or have expired.

“Enhancing community safety has been a critical focus, and with Chief Meidl, we’ve worked hard to improve the quality of life for Spokane residents,” said Spokane Mayor David Condon. “The fact that The Rite Aid Foundation chose Spokane to officially launch its Safe Medication Disposal Program is a testament to the tremendous progress we’ve made so far in making Spokane safer, smarter and healthier.”

“Providing our residents with places to easily and safely dispose of unused medication is one more way we can fight drug abuse in our city and ultimately, make Spokane a safer place,” said Spokane Police Chief Craig Meidl. “We are proud to partner with KidCents and The Rite Aid Foundation to create a safer environment for our children, families and community.”

Currently, more than 40 law enforcement agencies across the country participate in the KidCents Safe Medication Disposal Program, with 76 units available in 14 states.

Any law enforcement agency located in a community served by Rite Aid can now apply to participate in the KidCents Safe Medication Disposal Program. Selected law enforcement agencies will receive high-quality, stainless steel medication disposal units to keep in their locations, as well as initial start-up supplies. In addition, shipping, delivery, and installation is free. To apply, visit www.riteaid.com/meddisposal.

In addition to the KidCents Safe Medication Disposal Program, Rite Aid has also added resources on drug safety and disposal to www.riteaid.com. Visitors can search for a disposal site in their community, learn how to properly dispose of medication at home, access resources provided by the Food and Drug Administration and the Drug Enforcement Agency and find information on treatment for drug abuse and addiction. In communities with KidCents Safe Medication Disposal units, Rite Aid pharmacies in the surrounding area have brochures that list the locations of participating police departments.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with more than 4,500 stores in 31 states and the District of Columbia and fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Contact:
Ashley Flower
717-975-571

Source: Rite Aid

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Rite Aid reopens Harrisburg Market Street store

  • Harrisburg Mayor Eric Papenfuse to Join Rite Aid Executive Vice President of Store Operations Bryan Everett at Ribbon-Cutting Today at 9:30 a.m.
  • Joshua Group to Receive $10,000 KidCents Donation from Rite Aid Foundation

Camp Hill, Pa., 2017-Jun-21 — /EPR Retail News/ — Today (June 20, 2017), Rite Aid Corporation will celebrate the grand reopening of its Harrisburg Market Street store, now located at 304 Market Street, inside Strawberry Square. Harrisburg Mayor Eric Papenfuse will join Rite Aid Executive Vice President of Store Operations Bryan Everett and other company and community officials for a ribbon-cutting ceremony at the store today at 9:30 a.m.

“Since announcing our plans for this store last June, many people have worked diligently to bring this project to fruition. Today, we celebrate this new store and recognize those who played a role in this project including the City of Harrisburg, Harristown Development Corporation, our supplier partners and of course, many local Rite Aid associates,” said Everett. “Thanks to their efforts, our relocated Market Street store offers a design and shopping experience as unique as Strawberry Square itself and perfectly illustrates our more than 40 year commitment to the city of Harrisburg and the people who live and work in the community.”

The new 14,000 square foot store showcases the Company’s highly popular Wellness store format, now featured in nearly 2,500 Rite Aid stores nationwide. Rite Aid’s wellness store format, which first debuted in spring of 2011, is part of the company’s continued commitment to providing services, products and resources to help its customers and their families live healthy lives.

From the street level entrance, customers will find a wooden floor path leading directly to the pharmacy department, the core of Rite Aid’s business. Wellness stores have pharmacists with special training in diabetes care, medication management and the ability to immunize against about a dozen diseases including flu, pneumonia, shingles and whooping cough.

Unique to the Market Street location is a one-of-a-kind in-store Hershey Sweet Shop that offers a variety of Hershey’s candy and specialty merchandise. The custom displays, developed in partnership with The Hershey Company, celebrates the confectioner’s most iconic brands including Hershey’s Kisses, Reese’s and Twizzlers, and offers a selection of apparel, novelty gifts and of course, the latest chocolate and candy treats from the world’s best-loved confectionary company, headquartered in nearby Hershey.

“The new Rite Aid store in Strawberry Square is another sign of the great things happening in downtown Harrisburg and throughout the city,” said Papenfuse. “We applaud Rite Aid for investing in our city and supporting Harrisburg’s economic vitality.”

Other key in-store design elements include overhead departmental rings designating each section of the store such as beauty, food, home care and seasonal; inside and outside entrances; a relaxing, warm color palette with soothing wood tones and softer lighting; hundreds of new health and wellness products including organic and gluten-free foods; and a private pharmacist consultation room adjacent to the pharmacy where Rite Aid pharmacists can have conversations with patients, administer immunizations and offer other clinical pharmacy services.

In honor of the grand reopening, The Rite Aid Foundation will present a $10,000 KidCents donation to Joshua Group, a local nonprofit organization and one of The Rite Aid Foundation’s KidCents charities. The Joshua Group offers programming that addresses the academic and social needs of economically disadvantaged city youth of all ages living in the Allison Hill neighborhood of Harrisburg, which is marked by concentrated poverty, an epidemic of crime, drugs and violence, and failing public schools. For more information about the organization, visit www.joshuagroup.org. 

“One of our earliest supporters, Joshua Group is proud of its more than 10-year relationship with The Rite Aid Foundation, and we consider their support vital to what we’ve been able to help Harrisburg youth achieve,” said Kirk Hallett, Founder and Director of Joshua Group. “The Joshua Group is extremely grateful that The Rite Aid Foundation has once again thought of our kids with this most generous KidCents grant, and we are honored to stand with them today as they celebrate their grand reopening and reaffirm their commitment to the people of Harrisburg, especially our kids.”

As part of the grand reopening celebration, from now through July 14, the Market Street Rite Aid will host a variety of free customer events each week. This includes free health screenings, beauty events and product samplings. All events will take place from 10 a.m. – 2 p.m.; see www.riteaid.com/strawberrysquare.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with more than 4,500 stores in 31 states and the District of Columbia and fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Contact:
Media
Ashley Flower
717-975-5718

Source: Rite Aid Corporation

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Rite Aid Releases Results for Full Year and Fiscal 2017 Fourth Quarter

  • Fourth Quarter Net Loss Per Diluted Share of $0.02, Compared to the Prior Year Net Income Per Diluted Share of $0.06; Full Year
  • Net Income Per Diluted Share of $0.00, Compared to the Prior Year of $0.16
  • Fourth Quarter Adjusted Net Loss Per Diluted Share of $0.00, Compared to the Prior Year Adjusted Net Income Per Diluted Share of $0.07;
  • Full Year Adjusted Net Income Per Diluted Share of $0.06, Compared to the Prior Year of $0.24
  • Adjusted EBITDA of $264.3 Million for the Fourth Quarter, Compared to the Prior Year Adjusted EBITDA of $383.0 Million;
  • Full Year Adjusted EBITDA of $1,137.1 Million, Compared to the Prior Year of $1,402.3 Million

CAMP HILL, Pa, 2017-Apr-29 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today (Apr. 25, 2017) reported operating results for its fourteen week fourth quarter and fifty-three week fiscal year ended March 4, 2017.

For the fourth quarter, the company reported revenues of $8.5 billion, net loss of $21.1 million, or $0.02 per diluted share, Adjusted net loss of $3.2 million, or $0.00 per diluted share and Adjusted EBITDA of $264.3 million, or 3.1 percent of revenues. For the full year, the company reported revenues of $32.8 billion, net income of $4.1 million, or $0.00 per diluted share, Adjusted net income of $66.8 million or $0.06 per diluted share and Adjusted EBITDA of $1,137.1 million, or 3.5 percent of revenues. The fiscal 2017 fourth quarter and full year results benefited from the extra week in fiscal 2017.

Commenting on Rite Aid’s fourth-quarter and full-year results, Chairman and CEO John Standley said: “We remain confident that the completion of our proposed merger with Walgreens Boots Alliance is in the best interest of Rite Aid shareholders, customers and associates. However, despite our team’s continued focus on growing our business, the extended duration of the merger process is having a negative impact on our results. In addition, we continue to face reimbursement rate challenges that we have been unable to offset with drug cost reductions. As we remain actively engaged in discussions with the Federal Trade Commission to gain regulatory approval for the merger, we are also taking steps to review our ongoing strategy, reduce costs and make necessary changes to our business to improve our performance going forward.”

Fourth Quarter Summary

Revenues for the quarter were $8.5 billion compared to revenues of $8.3 billion in the prior year’s fourth quarter, an increase of $271.2 million or 3.3 percent. Retail Pharmacy Segment revenues were $7.1 billion and increased 4.3 percent compared to the prior year period primarily as a result of the extra week in the fourth quarter, partially offset by a decrease in same store sales. Revenues in the company’s Pharmacy Services Segment were $1.5 billion and decreased 1.3 percent compared to the prior year period.

Same store sales for the quarter decreased 3.0 percent over the prior year, consisting of a 4.3 percent decrease in pharmacy sales and a 0.3 percent decrease in front-end sales. Pharmacy sales included an approximate 246 basis point negative impact from new generic introductions. The number of prescriptions filled in same stores, adjusted to 30-day equivalents, decreased 0.3 percent over the prior year period. Prescription sales accounted for 67.1 percent of total drugstore sales, and third party prescription revenue was 98.4 percent of pharmacy sales.

Net loss was $21.1 million or $0.02 per diluted share compared to last year’s fourth quarter net income of $65.6 million or $0.06 per diluted share. The decline in operating results is due primarily to a decline in Adjusted EBITDA, partially offset by a higher LIFO credit.

Adjusted EBITDA (which is reconciled to net income in the attached tables) was $264.3 million or 3.1 percent of revenues for the fourth quarter compared to $383.0 million or 4.6 percent of revenues for the same period last year. The decline in Adjusted EBITDA is due to a decrease of $129.1 million in the Retail Pharmacy Segment, resulting primarily from lower pharmacy gross profit, which decreased because of lower reimbursement rates and script count, partially offset by good cost control and the benefit from the extra week in the quarter. The decline in Retail Pharmacy Segment Adjusted EBITDA was partially offset by an increase of $10.4 million of Pharmacy Services Segment Adjusted EBITDA, as a result of higher gross profit in the segment.

In the fourth quarter, the company opened 2 stores, relocated 5 stores, remodeled 89 stores and expanded 2 stores, bringing the total number of wellness stores chainwide to 2,418. The company closed 13 stores, resulting in a total store count of 4,536 at the end of the fourth quarter. The company also opened 7 clinics in the fourth quarter, bringing the total to 99.

Full Year Results

For the fiscal year ended March 4, 2017, Rite Aid had revenues of $32.8 billion compared to revenues of $30.7 billion in the prior year, an increase of $2.1 billion or 6.9 percent. Retail Pharmacy Segment revenues were $26.8 billion which were flat compared to the prior year primarily as a result of the extra week this year, offset by a decrease in same store sales. Revenues in the company’s Pharmacy Services Segment, which was acquired on June 24, 2015, were $6.4 billion.

Same store sales for the year decreased 2.2 percent consisting of a 3.2 percent decrease in pharmacy sales and a 0.2 percent increase in front end sales. Pharmacy sales included an approximate 182 basis point negative impact from new generic introductions. The number of prescriptions filled in same stores, adjusted to 30-day equivalents, increased 0.1 percent over the prior year period. Prescription sales accounted for 68.3 percent of total drugstore sales, and third party prescription revenue was 98.2 percent of pharmacy sales.

Net income for fiscal 2017 was $4.1 million or $0.00 per diluted share compared to last year’s net income of $165.5 million or $0.16 per diluted share. The decline in operating results is due primarily to a decline in Adjusted EBITDA and an increase in Pharmacy Services Segment amortization expense, partially offset by lower income tax expense, a $33.2 million loss on debt retirement in the prior year and lower interest expense.

Adjusted EBITDA was $1,137.1 million or 3.5 percent of revenues for the year compared to $1,402.3 million or 4.6 percent of revenues for last year. The decline in Adjusted EBITDA is due to a decrease of $352.1 million in the Retail Pharmacy Segment, resulting from lower pharmacy gross profit due to lower reimbursement rates and script count. The decline in Retail Pharmacy Segment Adjusted EBITDA was partially offset by an increase of $86.9 million of Pharmacy Services Segment Adjusted EBITDA. This increase was due to strong operating results in the current year and the fact that the prior year’s Pharmacy Services Segment results do not reflect a full year’s ownership of EnvisionRx.

For the year, the company relocated 24 stores, acquired 3 stores, remodeled 348 stores, expanded 2 stores, opened 12 stores, and closed 40 stores. The company also opened 21 clinics during the fiscal year.

Rite Aid Merger with Walgreens Boots Alliance

As announced on January 30, 2017, Walgreens Boots Alliance, Inc. (“WBA”) and Rite Aid entered into an amendment to the original merger agreement dated as of October 27, 2015. Under the terms of the amendment, WBA and Rite Aid agreed to reduce the price for each share of Rite Aid common stock to be paid by WBA. In addition, WBA will be required to divest up to 1,200 Rite Aid stores and certain additional related assets if required to obtain regulatory approval. The exact per share merger consideration will be determined based on the number of retail stores that WBA agrees to divest in connection with the parties’ efforts to obtain the required regulatory approvals for the merger, with the price set at $7.00 per share if 1,000 retail stores or fewer retail stores are required to be divested and at $6.50 per share if 1,200 retail stores are required to be divested (or more, if WBA agrees to sell more).

Additionally, WBA and Rite Aid agreed to extend the end date to July 31, 2017. While WBA and Rite Aid continue to be actively engaged in discussions with the Federal Trade Commission regarding the transaction and are working toward a close of the merger by July 31, 2017, there can be no assurance that the requisite regulatory approvals will be obtained, or that the merger will be completed within the time period contemplated by the merger agreement on the current terms, if at all. The transaction is subject to approval by the holders of Rite Aid’s common stock, the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other customary closing conditions.

Rite Aid is one of the nation’s leading drugstore chains with 4,536 stores in 31 states and the District of Columbia. Information about Rite Aid, including corporate background and press releases, is available through Rite Aid’s website at www.riteaid.com.

Cautionary Statement Regarding Forward Looking Statements

Statements in this release that are not historical and statements regarding the expected timing of the closing of the proposed merger with WBA, the closing of the proposed sale of stores and assets to Fred’s and the ability of the parties to complete such transactions considering the various closing conditions and any assumptions underlying any of the foregoing, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding the expected timing of the closing of the merger with WBA and sale of stores and assets to Fred’s; the ability of the parties to complete the transactions considering the various closing conditions; the outcome of legal and regulatory matters, including with respect to the outcome of discussions with the Federal Trade Commission and otherwise in connection with the pending acquisition of Rite Aid by WBA; the number of stores divested in connection with such pending acquisition and the terms, timing and likelihood of consummation of such transactions; the expected benefits of the transaction such as improved operations, enhanced revenues and cash flow, growth potential, market profile and financial strength; the competitive ability and position of WBA following completion of the proposed transaction; and any assumptions underlying any of the foregoing. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking  statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, our high level of indebtedness and our ability to make interest and principal payments on our debt and satisfy the other covenants contained in our debt agreements; general economic, industry, market, competitive, regulatory and political conditions; our ability to improve the operating performance of our stores in accordance with our long term strategy; the impact of private and public third-party payers continued reduction in prescription drug reimbursements and efforts to encourage mail order; our ability to manage expenses and our investments in working capital; outcomes of legal and regulatory matters; changes in legislation or regulations, including healthcare reform; our ability to achieve the benefits of our efforts to reduce the costs of our generic and other drugs; risks related to the proposed transactions, including the possibility that the transactions may not close, including because one or more closing conditions to the transactions, including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transactions, or may require conditions, limitations or restrictions in connection with such approvals, including the risk that the Federal Trade Commission may not approve the transaction despite the changes the  parties to the merger agreement, as amended, and the asset purchase agreement, are willing to make, or that the required approval of the amended merger agreement by the stockholders of Rite Aid may not be obtained; the risk that stockholders may receive the bottom of the price range for the per share merger consideration;  the risk that the merger agreement may be terminated in certain circumstances that require Rite Aid to pay WBA a termination fee of $325 million; the risk that the parties to the asset purchase agreement, dated as of December 19, 2016, by and among Rite Aid, WBA, Fred’s, Inc. and AFAE, LLC may not receive regulatory approval or be able to complete the transactions contemplated thereby considering the various closing conditions; the risk that there may be a material adverse change of Rite Aid or the stores proposed to be sold to Fred’s, or the business of Rite Aid or the stores proposed to be sold to Fred’s may suffer as a result of uncertainty surrounding the transactions; risks related to the ability to realize the anticipated benefits of the proposed transactions; risks associated with the financing of the proposed transactions; disruption from the proposed transactions making it more difficult to maintain business and operational relationships; the continuing effect of the merger, including the effect of the announcement of the merger agreement amendment, on Rite Aid’s business relationships (including, without limitation, customers and suppliers), operating results and business generally; risks related to diverting management’s or employees’ attention from ongoing business operations; the risk that Rite Aid’s stock price may decline significantly if the merger is not completed; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the proposed transactions; potential changes to our strategy in the event the proposed transactions do not close, which may include delaying or reducing capital or other expenditures, selling assets or other operations, attempting to restructure or refinance our debt, or seeking additional capital, and other business effects. These and other risks, assumptions and uncertainties are more fully described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K, in the preliminary proxy statement, as it may be amended, that we filed with the Securities and Exchange Commission on March 3, 2017 in connection with the proposed merger, and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Additionally, there can be no assurance that the requisite regulatory approvals for the proposed merger and proposed sale of stores and assets to Fred’s will be obtained, or that the proposed transactions will be completed within the required time period or at all, or that the expected benefits of the proposed transactions will be realized. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Additional Information and Where to Find It

In connection with the proposed strategic combination with WBA, as amended, Rite Aid prepared a preliminary proxy statement on Schedule 14A that has been filed with the SEC on March 3, 2017. The preliminary proxy statement is not yet final and will be amended. Following the filing of the definitive proxy statement with the SEC, Rite Aid will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed merger. INVESTORS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Investors may obtain the proxy statement, as well as other filings containing information about Rite Aid, free of charge, from the SEC’s Web site (www.sec.gov). Investors may also obtain Rite Aid’s SEC filings in connection with the transaction, free of charge, from Rite Aid’s Web site (www.RiteAid.com) under the link “Investor Relations” and then under the tab “SEC Filings,” or by directing a request to Rite Aid, Byron Purcell, Attention: Senior Director, Treasury Services & Investor Relations.

Participants in the Merger Solicitation

The directors, executive officers and employees of Rite Aid and other persons may be deemed to be participants in the solicitation of proxies in respect of the transaction. Information regarding Rite Aid’s directors and executive officers is available in its definitive proxy statement for its 2016 annual meeting of stockholders filed with the SEC on May 13, 2016. This document can be obtained free of charge from the sources indicated above. Other information regarding the interests of the participants in the proxy solicitation is set forth in the preliminary proxy statement, as it may be amended, that has been filed with the SEC on March 3, 2017. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Reconciliation of Non-GAAP Financial Measures

The company separately reports financial results on the basis of Adjusted Net Income, Adjusted Net Income per diluted share, and Adjusted EBITDA, which are non-GAAP financial measures. See the attached tables for a reconciliation of Adjusted Net Income, Adjusted Net Income per diluted share and Adjusted EBITDA to net income, and net income per diluted share, which are the most directly comparable GAAP financial measures. Adjusted Net Income and Adjusted Net Income per diluted share exclude amortization of EnvisionRx intangible assets, merger and acquisition-related costs, loss on debt retirements and LIFO adjustments. Adjusted EBITDA is defined as net income excluding the impact of income taxes, interest expense, depreciation and amortization, LIFO adjustments, charges or credits for facility closing and impairment, inventory write-downs related to store closings, debt retirements and other items (including stock-based compensation expense, merger and acquisition-related costs, severance and costs related to distribution center closures, gain or loss on sale of assets and revenue deferrals related to our customer loyalty program).

Contact:
Investors:
Matt Schroeder
717-214-8867
investor@riteaid.com

Media:
Susan Henderson
717-730-7766

Source: Rite Aid

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Rite Aid shelves stocked with Easter and spring essentials

Camp Hill, Pa., 2017-Apr-04 — /EPR Retail News/ — With 4,600 stores chainwide, Rite Aid is ready to help Easter Bunnies deliver an eggstra-special holiday this season. From Easter baskets, to candy, plush and floral décor, shelves are stocked with Easter and spring essentials customers are looking for to spring forward.

Rite Aid offers a wide variety of items customers are looking for to assemble the perfect Easter basket this year including:
• Basket: From woven to plush bunnies, chicks and butterflies, bright and pastel colored baskets are available in a variety of shapes and s. Rite Aid also offers licensed plastic buckets with favorites such as Star Wars, Despicable Me and Paw Patrol. New this year, an expanded selection of filler grass offered in eight bright colors, in addition to the classic tinsel and paper pastels.
• Candy: Shelves are stocked with a wide selection of decadent chocolate bunnies from Russell Stover, Dove, Whitman and even the Lindt gold bunny. Customers will also find an assortment of classic Easter candy including pastel robin eggs, Cadbury Eggs and rainbow jelly beans from brands such as Jelly Belly, Jolly Rancher, Starburst and back by popular demand, Brach’s Classic Jelly Beans.
• Plush and Toys: A basket is not complete without a cuddly plush for your special “somebunny.” Rite Aid carries a variety of festive bunnies, chicks, ducks, TY Beanie Boos and Webkinz. Basket stuffers such as bubbles and windup toys are also available to top off the basket.
• Additional Easter Essentials: Fillable eggs for the Easter egg hunt in a variety of s and colors such as golden and multi-color. Create egg-citing marble, metallic or glitter eggs with dye kits from PAAS and Dudley. Also available, no spill egg dying cups.

Spring Has Sprung
Rite Aid shelves are blooming with spring-inspired merchandise perfect for those preparing for warm, sunny days. Choose from a selection of floral wreathes, artificial flower arrangements and household décor. For the outdoors, customers will find hand painted planters from small, medium to large, and wind chimes featuring traditional and whimsical designs. To tend to the garden, Rite Aid carries an assortment of hoses, nozzles, rakes, shovels and gloves. And for the garden’s finishing touches, stepping-stones and magical figures such as gnomes and fairies are also available.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Media Contact:

Kristin Kellum
717-975-571

Source: Rite Aid Corporation

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Rite Aid starts its annual fundraising campaign to support Children’s Miracle Network Hospitals

  • Now Through May 6, Customers Can Purchase $1 Paper Miracle Balloons to Support Their Local Children’s Miracle Network Hospital
  • Rite Aid Raised $6 Million in 2016, Bringing Grand Fundraising Total Since 1994 to Nearly $81 Million

Camp Hill, Pa., 2017-Mar-22 — /EPR Retail News/ — From now through May 6, Rite Aid associates chainwide will be raising money for their local Children’s Miracle Network Hospital during the Company’s annual Miracle Balloon campaign. Rite Aid customers will be encouraged to support their local children’s hospital by purchasing $1 paper Miracle Balloon and in return, customers will receive $7 in coupon offers for select products sold at Rite Aid.

“For nearly 25 years, Rite Aid has been a proud sponsor of Children’s Miracle Network Hospitals,” said Ken Martindale, Rite Aid CEO of stores, president of Rite Aid Corporation and president of The Rite Aid Foundation. “Thanks to the tremendous efforts of our associates to raise funds during the campaign and the generosity of our customers and supplier partners, we’re able to bring our core value of being a caring neighbor to life, helping to make miracles happen for children being treated at the 95 hospitals we support across the country.”

The 2017 campaign marks Rite Aid’s 23rd year of fundraising for the organization, which helps provide pediatric equipment, treatments, research, therapy programs and charitable care benefiting sick and injured kids. Since becoming a partner in 1994, Rite Aid has raised nearly $81 million, including $6 million in 2016, for Children’s Miracle Network Hospitals, making Rite Aid the organization’s sixth largest corporate partner. In addition to selling Miracle Balloons, Rite Aid associates host a variety of special fundraisers such as motorcycle rides, golf and fishing tournaments, plant and flower sales and car washes.

“We’re thrilled our long-time partner, Rite Aid, is kicking off their annual fundraising campaign during Children’s Hospitals Week, a new initiative dedicated to shining a light on the importance of children’s hospitals and how donations help kids get the best care when they need it,” said John Lauck, Children’s Miracle Network Hospitals president and CEO. “We are so grateful for Rite Aid’s continued support and applaud their unwavering commitment to improve the lives of the sick and injured children.”

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Children’s Miracle Network Hospitals® raises funds and awareness for 170 member hospitals that provide 32 million treatments each year to kids across the U.S. and Canada. Donations stay local to fund critical treatments and healthcare services, pediatric medical equipment and charitable care. Since 1983, Children’s Miracle Network Hospitals has raised more than $5 billion, most of it $1 at a time through the charity’s Miracle Balloon icon. Its various fundraising partners and programs support the nonprofit’s mission to save and improve the lives of as many children as possible. Find out why children’s hospitals need community support, and learn about your member hospital, at CMNHospitals.org and facebook.com/CMNHospitals.

Media Contact:

Kristin Kellum
717-975-5713

Source:  Rite Aid Corporation

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Rite Aid announces availability of MMR vaccines upon request

As Number of Mumps Cases Increase Nationwide, Rite Aid Pharmacists Stand Ready to Immunize

CAMP HILL, PA, 2017-Mar-17 — /EPR Retail News/ — As the number of mumps cases increase across the country, Rite Aid pharmacists stand ready to administer the MMR (measles, mumps and rubella) vaccine, subject to state regulations. The Centers for Disease Control and Prevention (CDC) reported more than 1,000 cases of mumps in the U.S. since the start of 2017.1

MMR vaccinations are available upon request at Rite Aid pharmacies in 28 states and the District of Columbia, subject to state regulations, during pharmacy hours; no appointment is necessary. To locate the nearest Rite Aid pharmacy, visit www.riteaid.com or call 1-800-RITE-AID. Cost varies based on the patient’s insurance coverage and the MMR vaccine is covered by many insurance plans.

Currently, Rite Aid pharmacists in the following 28 states and the District of Columbia, are able to administer the MMR vaccine, subject to state regulations: Alabama, California, Colorado, Connecticut, Delaware, Georgia, Idaho, Indiana, Kentucky, Louisiana, Maine, Massachusetts, Maryland, Michigan, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Virginia and Washington.

Although young children typically receive the MMR vaccine from their primary health care providers as part of a regular vaccine schedule, the CDC recommends that people 18 years of age or older who was born after 1956 should get at least one dose of MMR vaccine unless they have either been vaccinated previously or have had all three diseases. Pregnant women should not receive an MMR vaccine.

According to the CDC, mumps is a contagious disease caused by a virus. Mumps symptoms begin with a fever, headache, muscle aches, tiredness, and loss of appetite, followed by swelling of salivary glands, causing puffy cheeks and a tender, swollen jaw.

In addition to the MMR vaccine, Rite Aid certified immunizing pharmacists are able to vaccinate patients against more than a dozen diseases based on the CDC’s vaccine guidelines and state regulations. By visiting Rite Aid’s Vaccine Central, at www.riteaid.com/vaccinecentral, customers can complete an immunization evaluation, track their personal immunization history, and find other educational resources on immunizations.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

1.       https://www.cdc.gov/mumps/outbreaks.html

Media Contact:

Kristin Kellum
717-975-5713

Source: Rite Aid Corporation

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Rite Aid celebrates Valentine’s Day with essential needs to warm up a heart

Camp Hill, Pa., 2017-Feb-02 — /EPR Retail News/ — Rite Aid stores nationwide are stocked with the essentials needed to celebrate a heartwarming Valentine’s Day this year. From cards to chocolates, fresh cut flowers, loveable plush and seasonal décor, Rite Aid’s 4,600 convenient locations are ready to help its customers celebrate the season of love.

Decadent Chocolates
Rite Aid shelves are lined with a large assortment of classic chocolate hearts. Starting at $1.29, decadent chocolate hearts are available in a variety of s from brand favorites such as Russell Stover, Whitman’s and Dove. For the little sweethearts, boxed chocolates come in licensed favorites including Shopkins, Paw Patrol and Frozen. For the candy dish, Rite Aid carries an assortment of Hershey Kisses, M&M’s and classic conversation hearts and bite-d chocolates from Ghirardelli and Lindt.

Express Your Feelings
Find the card that says it all this Valentine’s Day. From bold colors to contemporary designs and unique finishes, no matter the sentiment, Rite Aid carries a wide selection of Valentine’s Day cards perfect for that special someone in your life. To celebrate young love, new styles and designs of classroom exchange kits containing stickers or candy are available in favorites such as Star Wars, Trolls, My Little Pony, Spider Man and more.

Cuddly Sentiments
Rite Aid’s most popular selling Valentine’s Day item, the giant 51-inch cuddly plush bear, returns this year and with a new design! Stores also offer a broad selection of seasonal plush items including animated spinners, dancing animals and jumbo pandas, offered at 25% off. New this year, sweet talk teddy bears, peek-a-boo bears and jungle themed Valentine’s Day plush, as well as the newest collection of Valentine TY Beanie Boos.

Tokens of Love
Give your special someone a bottle of their favorite fragrance such as Calvin Klein Eternity or Dolce & Gabbana Light Blue for her, and Burberry Touch or Nautica for men. Express your feelings with a sentimental plaque, love mug or photo frame offered in different styles and designs, and don’t forget the fresh roses or beautiful bouquets, available in many stores beginning February 10.

House Full of Love
Spread the love of the season throughout your home ahead of time. Rite Aid carries an assortment of Valentine’s Day decorations including large wreaths, decorative wall art signs, tabletop displays and gel clings.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Media Contact:

Kristin Kellum
717-975-5713

Source: Rite Aid Corporation

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Walgreens Boots Alliance and Rite Aid announce amendment and extension of their definitive merger agreement

Deerfield, Ill. and Camp Hill, Pa., 2017-Jan-31 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Rite Aid Corporation (NYSE: RAD) today (30 January 2017) announced that they have entered into an amendment and extension of their previously announced definitive merger agreement under which Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid, a U.S. retail pharmacy chain.

Under the terms of the amendment, the parties have agreed to reduce the price for each share of Rite Aid common stock to be paid by Walgreens Boots Alliance. The revised price will be a maximum of $7.00 per share and a minimum of $6.50 per share. In addition, Walgreens Boots Alliance will be required to divest up to 1,200 Rite Aid stores and certain additional related assets if required to obtain regulatory approval. The exact price per share will be determined based on the number of required store divestitures, with the price set at $7.00 per share if 1,000 stores or fewer are required for divestiture and at $6.50 per share if 1,200 stores are required for divestiture. If the required divestitures fall between 1,000 and 1,200 stores, then there will be a pro-rata adjustment of the price per share. Walgreens Boots Alliance agreement to divest up to 1,200 Rite Aid stores represents an increase of up to 200 stores over the 1,000 stores that Walgreens Boots Alliance had agreed to divest under the terms of the original agreement.

Additionally, Walgreens Boots Alliance and Rite Aid agreed to extend the end date under the previously announced agreement from 27 January 2017 to 31 July 2017 in order to allow the parties additional time to obtain regulatory approval.

The transaction is subject to approval by the holders of Rite Aid’s common stock, the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other customary closing conditions.

Notes to Editors:

About Walgreens Boots Alliance

Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise.

The company was created through the combination of Walgreens and Alliance Boots in December
2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the USA and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25* countries and employ more than 400,000* people. The company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has over 13,200* stores in 11* countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 390* distribution centers delivering to more than 230,000** pharmacies, doctors, health centers and hospitals each year in more than 20* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands such as No7, Botanics, Liz Earle and Soap & Glory.

In October 2016 Walgreens Boots Alliance received the United Nations Foundation Global Leadership Award for its commitment to the UN’s Sustainable Development Goals.

More company information is available at www.walgreensbootsalliance.com.

* As of 31 August 2016, using publicly available information for AmerisourceBergen.
** For 12 months ending 31 August 2016, using publicly available information for AmerisourceBergen.

About Rite Aid

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Cautionary Note Regarding Forward-Looking Statements

All statements in this release that are not historical statements, which include, without limitation, those regarding the pending merger agreement between Walgreens Boots Alliance, Inc. and Rite Aid Corporation and the transactions contemplated thereby and their possible timing and effects, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “pending,” “potential”, “likely,” “preliminary,” “would,” “could,” “should,” “can,” “will,” “project,” “intend,” “plan,” “goal,” “continue,” “synergy,” “on track,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “possible,” “assume,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions, known or unknown, which could cause actual results to vary materially from those indicated or anticipated. These include, but are not limited to, the outcome of legal and regulatory matters, including with respect to the outcome of discussions with the Federal Trade Commission and otherwise in connection with the pending acquisition of Rite Aid by Walgreens Boots Alliance; the number of stores divested in connection with such pending acquisition and the terms, timing and consummation of such transactions; the risk of unexpected costs, liabilities or delays, changes in management’s assumptions, risks associated with acquisitions, including risks relating to the failure to obtain necessary Rite Aid stockholder approvals or otherwise relating to the ability to satisfy the closing conditions and consummate the pending acquisition of Rite Aid by Walgreens Boots Alliance and related matters on a timely basis or at all; the risks associated with the integration of complex businesses; and the other risks and uncertainties described in the reports that Walgreens Boots Alliance and Rite Aid have filed with the Securities and Exchange Commission (“SEC”). A further list and description of risks and uncertainties can be found in Item 1A (Risk Factors) in Walgreens Boots Alliance’s Annual Report on Form 10-K for the fiscal year ending 31 August 2016 as well as Rite Aid’s Annual Report on Form 10-K for the fiscal year ending 27 February 2016 and its subsequent reports on Form 10-Q. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Walgreens Boots Alliance and Rite Aid expressly disclaim any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Additional Information and Where to Find It

In connection with the proposed transaction, Rite Aid will file with the SEC and mail or otherwise provide to its stockholders a proxy statement regarding the proposed transaction. BEFORE MAKING ANY VOTING DECISION, RITE AID’S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Investors and security holders may obtain a free copy of the proxy statement and other documents that Rite Aid files with the SEC (when available) from the SEC’s website at www.sec.gov and Rite Aid’s website at www.riteaid.com.

Participants in Solicitation
Rite Aid and its directors, executive officers and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from Rite Aid’s stockholders with respect to the proposed acquisition. Information regarding the interests of such individuals in the proposed acquisition of Rite Aid by Walgreens Boots Alliance will be included in the proxy statement relating to such acquisition when it is filed with the SEC. You may obtain information about Rite Aid’s executive officers and directors in Rite Aid’s definitive proxy statement for its 2016 annual meeting of stockholders, which was filed with the SEC on May 13, 2016. These documents may be obtained free of charge from the SEC’s website at www.sec.gov and Rite Aid’s website at www.riteaid.com.

Contact:

Investors:
Matt Schroeder
717-214-8867
investor@riteaid.com

Media:
Ashley Flower
717-975-5718

Source: Rite Aid

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Rite Aid supports National Influenza Vaccination Week with $5 savings on flu shots through December 17

Flu Activity Typically Peaks Between December and March, According to Centers for Disease Control and Prevention

CAMP HILL, Pa., 2016-Dec-07 — /EPR Retail News/ — From now through December 17, Rite Aid customers have the opportunity to save $5 on their flu shot in support of National Influenza Vaccination Week. The trivalent standard flu shot is available for $27.99, and the quadrivalent flu vaccine for $34.99.* Created by the Centers for Disease Control and Prevention (CDC) in 2005, National Influenza Vaccination Week (NIVW) is a national observance that was established to highlight the importance of continuing influenza vaccination, as well as fostering greater use of flu vaccine after the holiday season into January and beyond.

“National Influenza Week is the perfect time to remind people who haven’t received a flu shot yet that it is not too late to do so, as it is the best way to protect yourself and others from this potentially serious illness,” said Jocelyn Konrad, Rite Aid executive vice president of pharmacy. “Rite Aid pharmacists are committed to helping the communities we serve live and stay well, which is why we encourage customers to receive their flu shot annually.”

More than 11,000 Rite Aid certified immunizing pharmacists at Rite Aid pharmacies nationwide stand ready to vaccinate those who have not received their annual flu shot, subject to state regulations. Flu shots are covered by most insurance plans, including Medicare Part B and are available during pharmacy hours; no appointment is necessary. To locate the nearest Rite Aid pharmacy, visit www.riteaid.com or call 1-800-RITE-AID.

The CDC recommends a yearly flu vaccine for everyone 6 months of age and older as the first and most important step in protecting against this serious disease. Flu symptoms include cough, sore throat, fever, muscle aches, headaches, fatigue and running nose. Additional information about the upcoming flu season can be found at www.cdc.gov.

Receiving the annual flu shot also presents an opportunity to review other immunization needs. Rite Aid’s Vaccine Central, an assessment tool where visitors can complete a personal immunization evaluation, is an additional resource for people to further review immunization recommendations. To better understand personal immunization needs, customers can visit Rite Aid’s Vaccine Central at www.riteaid.com/vaccinecentral, to complete an immunization evaluation, track their personal immunization history, and find other educational resources on immunizations.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

*Vaccines available while supplies last. Age restrictions apply in some states. See pharmacist for details. Discount applies to cash price quadrivalent vaccine and standard trivalent flu shot only thru 12/17/16.

Media Contact:

Kristin Kellum
717-975-5713

Source: Rite Aid

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Rite Aid offers the best prices during its Black Friday sales starting 8 a.m. Thursday and 7 a.m. Black Friday

  • Select Rite Aid Stores Nationwide Open 8 a.m. Thursday and 7 a.m. Black Friday
  • Rite Aid Offers Customers Chance to Beat the Black Friday Rush with 50% Off Large Selection of Holiday Products

Camp Hill, Pa., 2016-Nov-22 — /EPR Retail News/ — Rite Aid stores nationwide are ready to kick start the holiday shopping season by offering its customers the best prices of the year during its Black Friday sales beginning as early as 8 a.m. Thursday and 7 a.m. Black Friday in select locations.*

“As the holiday season officially begins, Rite Aid is excited to offer its customers the lowest prices of the year this Black Friday,” said Tony Montini, Rite Aid executive vice president of merchandising and supply chain. “From holiday décor, to gifts for all ages, sweet treats and more, Rite Aid has remarkable savings throughout the holiday season to ensure shoppers get everything on their list.”

Black Friday
Beginning Thursday, lowest offers of the year are available through Saturday and feature popular items including:
• New this year, a special Black Friday deal on the Hobby Grade Swift Stream Camera Drone, available for $49.99.
• New to the Black Friday mix, Duracell cables, surge protectors and power banks, offered at 50% off.
• Buy one, get one free on select As Seen on TV products including Gotham Steel Frying Pan, Colorama Coloring Books, Clear TV, Tac Light and American Aviator Watch.
• Fragrance sets for men and women including Beyoncé, Vera Wang and Nautica available for 40% off.
• Great prices can be found in our beauty department, including Revlon Super Lustrous Lipstick available in many shades and Wet n Wild nail set.
• Buy one, get one free offers on Planters 3-Pack Holiday Nuts, the Planters Decorative Holiday Tin Assortment or Holiday Popcorn Tins in new classic holiday scenes.
• Great deal on holiday red and green M&M’s and a buy one, get two free deal on Hershey’s Pot of Gold chocolates.
• Lowest offers of the season on DiGiorno 12″ Pizza, Haagen Dazs Ice Cream and cereal, perfect for unexpected entertaining.
• Buy one, get two free savings on new designs of holiday gift wrap, bags and boxed cards.

Additional Holiday Deals
Beginning Sunday, November 20, Rite Aid customers looking to get a head start on their shopping have the opportunity to save 50% on holiday essentials that will help bring the spirit of the season into the home. Items include a variety of pre-lit Christmas trees from tabletop to 7 feet, traditional ornaments, festive wreathes, nutcrackers, acrylic villages, indoor/outdoor Christmas light sets, large Mickey, Snoopy and classic Santa greeters and extension cords. Also available at Rite Aid and new this year, popular As Seen on TV items including outdoor Star Shower Motion lights and Tree Dazzler.

Rite Aid shelves are also stocked with electronics and toys offered for 50% off including nostalgic products such as a Craig Bluetooth Jukebox and Craig Turntable, 19 inch Craig TV, 9 inch Craig tablet and 8.95 inch HD tablet with Windows, new virtual reality glasses and classic Atari and Sega games. Also on sale, KidStuff toys such as puzzles, memory games, arts and craft activities and stuffed animals in licensed favorites such as Frozen, Paw Patrol, Dory, Star Wars, Trolls and Teenage Mutant Ninja Turtles.

Cyber Week
Beginning, Sunday, November 27 through Saturday, December 3, wellness+ with Plenti member will receive 30% off their online purchase, and free shipping on orders over $34.99. Visit www.riteaid.com/cyberweek to view the great deals.

Be sure to check the Rite Aid circular each week as select holiday and everyday items give shoppers the opportunity to earn Plenti points through Rite Aid’s new wellness+ with Plenti program. New and existing wellness+ members  can now sign up for wellness+ with Plenti at any Rite Aid store nationwide or online at www.riteaid.com/plenti. Once enrolled, members of wellness+ with Plenti will earn Plenti points on featured items they buy. These points can be used for at least two years for savings at Rite Aid and certain Plenti partners including Exxon, Macy’s and Mobil.

Rite Aid Corporation is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

* Store hours may vary and many pharmacies close at 3 p.m. on Thursday; see www.riteaid.com/stores for details.

Media Contact:
Kristin Kellum
717-975-5713

Source: Rite Aid

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Walgreens Boots Alliance and RIte Aid extend merger agreement end date from 27 October 2016 to 27 January 2017

DEERFIELD, Ill. & CAMP HILL, Pa., 2016-Oct-23 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Rite Aid Corporation (NYSE: RAD) today (20 October 2016) announced that, in accordance with the terms of their merger agreement dated 27 October 2015, they have mutually agreed to extend the end date of their merger agreement from 27 October 2016 to 27 January 2017. The companies now expect the transaction will close in early calendar 2017.

On 27 October 2015, the companies entered into a definitive agreement under which Walgreens Boots Alliance agreed to acquire all outstanding shares of Rite Aid for $9.00 per share in cash. Under the terms of the merger agreement, either party has the right to extend the end date from 27 October 2016 to 27 January 2017 by delivery of notice to the other.

Notes to Editors:

About Walgreens Boots Alliance

Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise.

The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the USA and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25* countries and employ more than 400,000* people. The company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has over 13,200* stores in 11* countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 390* distribution centers delivering to more than 230,000** pharmacies, doctors, health centers and hospitals each year in more than 20* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Botanics, Liz Earle and Soap & Glory. More company information is available at www.walgreensbootsalliance.com.

* As of 31 August 2016, using publicly available information for AmerisourceBergen.

** For 12 months ending 31 August 2016, using publicly available information for AmerisourceBergen.

About Rite Aid

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Cautionary Note Regarding Forward-Looking Statements: All statements in this release that are not historical statements, which include, without limitation, those regarding the pending merger agreement between Walgreens Boots Alliance, Inc. and Rite Aid Corporation and the transactions contemplated thereby and their possible timing and effects, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “pending,” “potential”, “likely,” “preliminary,” “would,” “could,” “should,” “can,” “will,” “project,” “intend,” “plan,” “goal,” “continue,” “synergy,” “on track,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “possible,” “assume,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions, known or unknown, which could cause actual results to vary materially from those indicated or anticipated. These include, but are not limited to, the outcome of legal and regulatory matters, including with respect to the outcome of discussions with the Federal Trade Commission and otherwise in connection with the pending acquisition of Rite Aid by Walgreens Boots Alliance; the number of stores divested in connection with such pending acquisition and the terms, timing and consummation of such transactions; the risk of unexpected costs, liabilities or delays, changes in management’s assumptions, risks associated with acquisitions, including those relating to the ability to satisfy the closing conditions and consummate the pending acquisition of Rite Aid by Walgreens Boots Alliance and related matters on a timely basis or at all; the risks associated with the integration of complex businesses; and the other risks and uncertainties described in the reports that Walgreens Boots Alliance and Rite Aid have filed with the Securities and Exchange Commission (“SEC”). A further list and description of risks and uncertainties can be found in Item 1A (Risk Factors) in Walgreens Boots Alliance’s Annual Report on Form 10-K for the fiscal year ending 31 August 2015 and its subsequent reports on Form 10-Q as well as Rite Aid’s Annual Report on Form 10-K for the fiscal year ending 27 February 2016 and its subsequent reports on Form 10-Q. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Walgreens Boots Alliance and Rite Aid expressly disclaim any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Contacts:

Walgreens Boots Alliance, Inc.
Media Relations:
USA
Michael Polzin
+1 847 315 2935

International
Laura Vergani
+44 (0)207 980 8585

Investor Relations:
Gerald Gradwell and Ashish Kohli
+1 847 315 2922

Rite Aid Corporation
Media Relations:
Ashley Flower
+1 717 975 5718

Investor Relations:
Matt Schroeder
+1 717 214 8867

Source: Walgreens Boots Alliance

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Rite Aid announces availability of naloxone at more than 440 pharmacies in Kentucky, Ohio, Oregon and Vermont without prescription

Camp Hill, Pa., 2016-Sep-28 — /EPR Retail News/ — Rite Aid announced today (Sept. 27, 2016) that naloxone, a medication that can be used to reverse the effects of an opioid overdose, is now available at more than 440 pharmacies in Kentucky, Ohio, Oregon and Vermont without a prescription, subject to state regulations. Previously, naloxone, which can be administered by injection or nasal spray, was only available with a physician’s prescription.

“According to the Centers for Disease Control and Prevention, 78 people die from an opioid overdose in the United States each day,” said Jocelyn Konrad, Rite Aid executive vice president of pharmacy. “Rite Aid is committed to helping reduce the number deaths due to opioid overdoses and making naloxone available without a prescription at our pharmacies in Kentucky, Ohio, Oregon and Vermont is an important action we can take in the fight against opioid abuse.”

Naloxone is also available for purchase without patient specific prescriptions at Rite Aid pharmacies in 13 additional states including: Alabama, California, Colorado, Connecticut, Idaho, Indiana, Massachusetts, Maryland, North Carolina, New Hampshire, New York, Pennsylvania and Rhode Island.

To date, Rite Aid has trained more than 10,000 pharmacists on naloxone dispensing. Rite Aid is also working to expand its naloxone dispensing program in other states served by the Company where naloxone is currently only available with a prescription.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Contact:

Media:
Ashley Flower
717-975-5718

Source: Rite Aid Corporation

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Rite Aid and EnvisionRx announce availability of Rx90 program focused on improving medication adherence and health outcomes

CAMP HILL, Pa. and TWINSBURG, Ohio, 2016-Aug-19 — /EPR Retail News/ — Rite Aid, one of the nation’s leading drugstore chains, and EnvisionRx, the pharmacy benefit management (PBM) division of EnvisionRxOptions and a wholly owned subsidiary of Rite Aid, announced today the availability of Rx90, a new program focused on improving medication adherence and health outcomes for consumers with chronic conditions.

Rx90, now available for EnvisionRx clients, gives consumers the option to fill their 90-day prescriptions at any of the nearly 4,600 Rite Aid pharmacy locations around the country. For the same price, consumers also have the option to have their medications delivered through EnvisionPharmacies’ mail service.

Other benefits of Rx90 include:
Integrated care and clinical support from Rite Aid pharmacists and EnvisionRx
Targeted, disease-specific communications
The largest 90-day retail maintenance medication network (over 12,000 total pharmacies)
Reduced copays that provide most members with 15-30 days of free coverage

In addition to providing consumers with improved pricing, more convenient options on how to fill their 90-day maintenance medications and additional clinical support, the collaboration between Rite Aid and EnvisionRx helps to address rising health care costs. According to a 2014 Towers-Watson study of employer provided health care, the consumer’s share of health care costs, including premiums and out-of-pocket costs, has grown from 34.4% in 2011 to 37% in 2014, an average increase of about $100 more a month.

“Rite Aid is excited to work with EnvisionRx to bring an innovative pharmacy solution for consumers, health plans and employers to market,” said Jocelyn Konrad, Rite Aid executive vice president of pharmacy. “Rx90 is a great example of how our pharmacies and PBMs can collaborate to achieve our shared goal of improving the patient experience and care, while reducing and managing healthcare costs.”

Using client-specific data and its own research, EnvisionRx is also able to provide health plans and employers with recommendations on customizing their benefit design, communications, and clinical strategies to meet their individual needs. Rx90 will help plan sponsors better control drug spend and reduce costly medical expenses associated with increased visits to physicians and emergency rooms, as well as extended hospitalizations.

“In today’s market, plan sponsors and their members need a PBM that truly provides more flexible, affordable options to control the costs of chronic care. Rx90 and our technology platform give plan sponsors another way to customize their prescription drug benefit plan and put actionable, cost saving information in the hands of their members,” said Frank Sheehy, EnvisionRxOptions CEO.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

EnvisionRx is a division of EnvisionRxOptions, a health care company with a visibly different approach to managing pharmacy benefits. As a full service provider, Envision leverages its core PBM services including Mail, Specialty and Compounding Pharmacies; Part D Medicare insurance plans; and cash savings programs, to help employers and health plans of all s provide more affordable and effective prescription drug coverage for their members. Headquartered in Twinsburg, Ohio, EnvisionRxOptions is a wholly owned subsidiary of Rite Aid. For more information, visit www.envisionrxoptions.com.

Contact:

Investors:
Matt Schroeder
717-214-8867
investor@riteaid.com

Media:
Ashley Flower
717-975-5718

Source: Rite Aid

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Rite Aid announces availability of flu shots at its pharmacies nationwide

Camp Hill, Pa., 2016-Aug-18 — /EPR Retail News/ — Rite Aid announced today the availability of seasonal flu shots at Rite Aid pharmacies nationwide. Customers can visit any of Rite Aid’s nearly 4,600 convenient pharmacy locations to receive a flu shot from a certified immunizing Rite Aid pharmacist, subject to state regulations. Flu shots are covered by most insurance plans, including Medicare Part B and are available during pharmacy hours; no appointment is necessary. To locate the nearest Rite Aid pharmacy, visit www.riteaid.com or call 1-800-RITE-AID.

“Immunizations play a key role in a person’s overall health and wellness year-round, but this is especially true when it comes to protecting oneself from the flu,” said Jocelyn Konrad, Rite Aid executive vice president of pharmacy. “With more than 11,000 immunizing pharmacists and thousands of locations across the country, getting a flu shot at Rite Aid is a convenient and easy way for people to make sure that they are protected.”

Rite Aid pharmacies offer a number of vaccine options that may include the trivalent flu vaccine, which offers protection against three strains of the flu: the influenza A H3N2 virus, the influenza B virus and the influenza A H1N1; a high-dose influenza vaccine for people age 65 and older, and a quadrivalent vaccine which protects against an additional influenza B virus. Upon request, Rite Aid pharmacists can administer an intradermal flu shot, which uses a smaller needle that is injected into the skin instead of the muscle, 18-64 years of age.

The Centers for Disease Control and Prevention (CDC) recommends that everyone six months and older get a flu vaccination as soon as it is available because it takes up to 14 days to develop full protection against the flu. While the CDC recommends flu shots for everyone over six months, certain groups of people are at greater risk for complications from the flu. These groups include: people with diabetes, pregnant women, adults over 65, children under 5, those with asthma and other chronic lung diseases, those with kidney and liver disorders, heart disease patients and those with compromised immune systems.

Added Konrad, “We also encourage people to use flu season as an opportunity to review their immunization history and need for other vaccinations. Rite Aid pharmacists can review a person’s immunization history and make recommendations for additional vaccinations based on the individual’s unique needs.”

Additional Immunization Needs
Receiving the annual flu shot also presents an opportunity to review other immunization needs. Subject to state regulations, Rite Aid pharmacists are able to administer vaccines that protect against tetanus/diphtheria/pertussis (Tdap), as well as pneumonia, and shingles at the same time as the seasonal flu shot. One dose of Tdap is routinely given at age 11 or 12, and the CDC recommends a Td (tetanus/diphtheria) booster be administered every 10 years. The CDC also recommends a pneumococcal vaccine for those 65 and older and the shingles vaccine for people aged 60 and older. To better understand personal immunization needs, customers can visit Rite Aid’s Vaccine Central at www.riteaid.com/vaccinecentral, to complete an immunization evaluation, track their personal immunization history, and find other educational resources on immunizations.
Shield Your Workforce Against the Flu

To help employers fight the flu, Rite Aid will once again have a team dedicated to planning and implementing onsite workplace flu clinics staffed by certified immunizing Rite Aid pharmacists. Rite Aid is also able to offer employers a voucher program, in which employees would receive a flu shot voucher to use at any Rite Aid pharmacy. In addition, immunizations against other vaccine preventable diseases are also available for employees, subject to state regulations. For more information, employers can visit www.shieldmyworkforce.com  or call 1-800-622-2106.

Rite Aid Corporation is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Media Contact:

Kristin Kellum
717-975-5713

Source: Rite Aid Corporation

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Rite Aid brings all the essentials to help students prepare for school

Camp Hill, Pa., 2016-Jul-27 — /EPR Retail News/ — The start of the new school year is around the corner and Rite Aid’s 4,600 stores nationwide are stocked with all the essentials to help students prepare. With a variety of products from lunchboxes, to dormitory needs, school supplies, tablets and more, Rite Aid is prepared to help students of all grade levels excel.

“With Rite Aid’s variety of unique and classic back to school items offered at outstanding prices, shoppers will find just what their students will need to academically succeed this school year, while shopping under budget,” said Tony Montini, Rite Aid executive vice president of merchandising and supply chain.

School Basics
Rite Aid carries the back-to-school staples from pens to pencils, crayons, highlighters, composition books, rulers, glue, tape and calculators including brand names such as Sharpie, Five-Star and Bic. A selection of pencils, multi-colored notebooks, index cards, erasers and more are offered at great prices by Rite Aid’s private brand, Home. With new designs on notebooks and fashion forward backpacks, students are sure to return to school in style. Shoppers will also find lunchboxes, sandwich and snack containers on the shelves in licensed favorites such as Finding Dory, Spiderman and Frozen.

Electronics
New this year, make sure students stay up to date with the latest technology, such as with an 8.95-inch Windows tablet. Quality and affordable Craig products are also available including a 19-inch TV and 27-inch speaker tower. For printing needs, Rite Aid carries a Canon printer, copy paper and ink cartridges by HP, Epson and Canon. For students on the go or away at school, Rite Aid carries a large assortment of cell phone accessories including wall and car chargers and colorful standard and wireless earbuds.

Dormitory Essentials
Whether a freshman or a senior returning for the final year, Rite Aid carries the essentials needed to get college students situated for a fresh start with products such as sheet sets, hangers, lamps, laundry baskets and an assortment of new storage crates and trunks available in a variety of colors. Also available, appliances for college living including iron, coffee maker and toaster.

Gift Cards
With over 200 gift cards to choose from, send students on their way with iTunes, Starbucks, Subway or Best Buy gift cards. Hardworking students deserve a reward, treat them with a gift card to their favorite restaurant such as Applebee’s, Chipotle or Red Robin followed by a trip to the movies with an AMC, Fandango or Regal Cinema gift card. Or let them decide what they need with a Rite Aid, Vanilla Visa or American Express Card gift card.

Be sure to check the Rite Aid circular each week as select back-to-school products give shoppers the opportunity to earn Plenti points through Rite Aid’s new wellness+ with Plenti program. New and existing wellness+ members can now sign up forwellness+ with Plenti at any Rite Aid store nationwide or online atwww.riteaid.com/plenti.

Once enrolled, members of wellness+ with Plenti will earn Plenti points on featured items they buy. These points can be used for at least two years for savings at Rite Aid and certain Plenti partners including Exxon, Macy’s and Mobil.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Contact:
Media:
Kristin Kellum
717-975-5713

Source: Rite Aid

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Rite Aid to relocate its store at Market Street in Harrisburg to Strawberry Square in the heart of Pennsylvania’s capital city

Camp Hill, Pa., 2016-Jun-23 — /EPR Retail News/ — Rite Aid Corporation announced today its plans to relocate its current store at 309-11 Market Street in Harrisburg to Strawberry Square, a one million square foot, mixed use complex located in the heart of Pennsylvania’s capital city.The relocated Rite Aid, which will feature both a street level and interior entrance, is expected to open in December 2016.

“We’re excited about the opportunity to bring our unique brand of health and wellness to such a prime location in downtown Harrisburg,” said David Kelly, Rite Aid senior vice president of store development. “Rite Aid has had a presence in Harrisburg for more than 40 years; relocating to Strawberry Square builds upon our commitment to the community and enables us to better serve and meet the needs of longtime customers, while also introducing our brand to customers who are new to Rite Aid.”

Rite Aid is working on the project with Harristown Development Corporation, a private non-profit organization formed in 1974 to revive Harrisburg’s downtown and to reestablish the Harrisburg core area as the heart of the City, the economic and cultural center of the metropolitan area and as a thriving capital city. Harristown Development Corporation is announcing soon additional redevelopment plans for new and existing tenants within Strawberry Square.

The new 14,000 square foot store, will feature the Company’s highly popular Wellness store format, of which there are currently more than 2,100 of nationwide. Rite Aid’s wellness store format, which first debuted in spring of 2011, is part of the company’s continued commitment to providing services, products and resources to help its customers and their families live healthy lives.

From the street level entrance, customers will find a wooden floor path leading directly to the pharmacy department, the core of Rite Aid’s business. Wellness stores have pharmacists with special training in diabetes care, medication management and the ability to immunize against about a dozen diseases including flu, pneumonia, shingles and whooping cough. Also available to customers as a resource, a Wellness Ambassador, which serves as a bridge between the front end of the store and the pharmacy. Wellness Ambassadors work closely with Rite Aid pharmacists to provide customers with access to information on over-the-counter medications, vitamins and supplements and Rite Aid programs and services.

Other key design will feature overhead departmental rings designating each section of the store such as beauty, food, home care and seasonal; inside and outside entrances; a relaxing, warm color palette with soothing wood tones and softer lighting; hundreds of new health and wellness products including organic and gluten-free foods; and a private pharmacist consultation room adjacent to the pharmacy where Rite Aid pharmacists can have conversations with patients, administer immunizations and offer other clinical pharmacy services.

Rite Aid Corporation (NYSE:RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Media Contact:

Kristin Kellum
717-975-5713

Source: Rite Aid

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Walgreens Boots Alliance priced $6 Billion bonds to fund Rite Aid pending acquisition

DEERFIELD, Ill., 2016-May-31 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced the pricing of an underwritten public offering of unsecured, unsubordinated notes consisting of:

  • $1.25 billion 1.750% notes due 2018
  • $1.5 billion 2.600% notes due 2021
  • $750 million 3.100% notes due 2023
  • $1.9 billion 3.450% notes due 2026
  • $600 million 4.650% notes due 2046

The sale of the notes is expected to close on 1 June 2016, subject to customary closing conditions. Walgreens Boots Alliance intends to use the net proceeds from the offering to fund a portion of the cash consideration payable in connection with Walgreens Boots Alliance’s pending acquisition of Rite Aid Corporation (NYSE: RAD), to retire a portion of Rite Aid’s existing debt and to pay related fees and expenses. Any remaining net proceeds from the sale of the notes may also be used for general corporate purposes.

The joint book-running managers for the offering are: Merrill Lynch, Pierce, Fenner & Smith Incorporated, HSBC Securities (USA) Inc., UBS Securities LLC, J.P. Morgan Securities LLC, Lloyds Securities Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., UniCredit Capital Markets LLC and Wells Fargo Securities, LLC.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

These securities are being offered pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. The offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained on the SEC website at http://www.sec.gov or by contacting HSBC Securities (USA) Inc. by mail at 452 5th Avenue, New York, NY, 10018, Attention: Transaction Management Americas, by telephone at 1-866-811-8049 or by email at tmg.americas@us.hsbc.com, Merrill Lynch, Pierce, Fenner & Smith Incorporated by mail at 200 North College Street, NC1-004-03-43, Charlotte, NC, 28255-0001, Attention: Prospectus Department, by telephone at 1-800-294-1322 or by email at dg.prospectus_requests@baml.com, or UBS Securities LLC by mail at 1285 Avenue of the Americas, New York, NY, 10019, Attention: Prospectus Department or by telephone at 1-888-827-7275.

Notes to Editors:

About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise.

The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination in the USA and Europe and, together with its equity method investments*, employs more than 370,000* people and has a presence in more than 25* countries. Walgreens Boots Alliance is a global leader in pharmacy-led, health and wellbeing retail with over 13,100* stores in 11* countries. The company includes one of the largest global pharmaceutical wholesale and distribution networks with over 350* distribution centers delivering to more than 200,000** pharmacies, doctors, health centers and hospitals each year in 19* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Botanics, Liz Earle and Soap & Glory.

* As at 31 August 2015 (without subsequent adjustment for business acquisitions or dispositions), including equity method investments

** For 12 months ended 31 August 2015 (without subsequent adjustment for business acquisitions or dispositions), including equity method investments

(WBA-GEN)

Cautionary Note Regarding Forward Looking Statements

All statements in this release other than statements of historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions, known or unknown, that could cause actual results to vary materially from those indicated, including, but not limited to, those described in Item 1A “Risk Factors” of our Form 10-K for the fiscal year ending 31 August 2015 and subsequent Quarterly Reports on Form 10-Q, and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by law, Walgreens Boots Alliance does not undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Walgreens Boots Alliance, Inc.

Media Relations
USA / Michael Polzin
+1 847 315 2935
International / Laura Vergani
+44 (0)207 980 8585
or
Investor Relations
Gerald Gradwell and Ashish Kohli
+1 847 315 2922

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Rite Aid announces Sharon Balser and Theresa Forres as winners of the 2015 Vote for Your Favorite Pharmacy Team Member Contest

Michigan Pharmacy Technician and Maryland Customer Each Win $2,500 Rite Aid Gift Card in Customer Service Contest

CAMP HILL, Pa., 2016-Apr-21 — /EPR Retail News/ — Rite Aid is proud to announce the two winners of the 2015 Vote for Your Favorite Pharmacy Team Member Contest. Sharon Balser, a Rite Aid pharmacy technician from Milford, Mich., and Theresa Forrest, a loyal Rite Aid customer from Gwynn Oak, Md., were both selected at random from more than 11,000 unique entries. The contest was designed to recognize Rite Aid pharmacy associates for their commitment to providing excellent customer service.

To enter, customers submitted mail-in nominations and online ballots during American Pharmacists Month in October. The names of one customer and one pharmacy team member were each randomly drawn to receive $2,500 in Rite Aid gift cards. All nominated Rite Aid pharmacy team members will be recognized with a Favorite Pharmacy Team Member lapel pin and a letter of commendation from CEO of Rite Aid Stores and President of Rite Aid Corporation Ken Martindale and Executive Vice President of Pharmacy Jocelyn Konrad.

“We are excited to celebrate the Rite Aid pharmacy teams who are continuing to provide caring moments of service to loyal customers across the country,” said Jocelyn Konrad, Rite Aid executive vice president of pharmacy. “With more than 11,000 entries, it’s phenomenal to see the appreciation our customers have for their local pharmacy associates, and I’d like to thank each nominated team member for championing Rite Aid’s promise to deliver outstanding customer service – With us, it’s personal.”

Sharon Balser, Rite Aid’s winning Pharmacy Team Member, has been a pharmacy technician for nearly 30 years at the store in Milford, Mich. and was nominated six times this year. Balser is known for her kindness and her ability to consistently help customers while making them feel appreciated.

“With more than 30 years at Rite Aid, Sharon is the perfect example of what it means to provide excellent service with a personal touch,” said Rony Foumia, Rite Aid pharmacy district manager. “I’m thrilled that her hard work and dedication are being recognized as she is truly an exceptional pharmacy technician.”

Rite Aid’s winning customer is Theresa Forrest of Gwynn Oak, Md. She participated in the program by nominating a pharmacy technician at her local store in Baltimore.

Rite Aid Corporation is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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Contact:

Media: Kristin Kellum 717-975-5713

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Rite Aid welcomes spring with more opportunity to accumulate Plenti points for wellness+ Plenti members

Rite Aid wellness+ with Plenti Members Earn 2,000 Plenti Points for Every $50 Spent on Participating Products Through “Spring for Points” Program

Camp Hill, Pa., 2016-Mar-30 — /EPR Retail News/ — Rite Aid is saying goodbye to winter and hello to spring by offering wellness+ with Plenti members an opportunity to accumulate thousands of Plenti points, in addition to regular weekly offers. Now through April 23, for every $50 spent on participating products in stores or online at www.riteaid.com, customers will earn 2,000 Plenti points, worth at least $20 in savings for future purchases.*

To participate, members of the free wellness+ with Plenti program can look for the special “Spring for Points” icon throughout Rite Aid’s weekly circular and sale tags on store shelves. These points can be used for at least two years on future savings at Rite Aid and Plenti partners including AT&T, Exxon, Mobil and Macy’s.

“Due to the overwhelming popularity of our recent Plenti point promotions, we’ve decided to kick-off spring by giving our loyal customers an additional opportunity to earn Plenti points with the ‘Spring for Points’ event,” said John Learish, Rite Aid senior vice president of marketing. “Rite Aid shoppers will have the opportunity to earn $20 in savings every week while shopping for everyday items, including those needed for the inevitable spring cleaning.”

Shoppers can earn points on thousands of items throughout the store including beauty, first aid, vitamins and nutritional supplements, home goods, food and beverages, and more. For a complete list of participating products or promotion details, visit www.riteaid.com/springforpoints.

New and existing wellness+ members can now sign up for wellness+ with Plenti at any Rite Aid store nationwide or online at www.riteaid.com/plenti. Once enrolled, members of wellness+ with Plenti will earn Plenti points on featured items they buy.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2015 annual revenues of $26.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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*Customers can earn up to 16,000 Plenti points during the 4-week promotional period, with a limit of two offers per wellness+ with Plenti card each week. 

Contact:

Media: Kristin Kellum 717-975-5713

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Rite Aid Offers Customers Wide Variety of Easter and Spring Essentials

Camp Hill, Pa., 2016-Mar-22 — /EPR Retail News/ — Rite Aid is making customers hoppy this season with its great deals and variety of Easter and spring essentials. Whether shopping for “somebunny” special or readying for spring, Rite Aid is prepared to offer customers a one-stop-shopping experience.

Assemble Your Easter Basket
Rite Aid’s shelves are stocked with an assortment of Easter basket essentials, including baskets in a variety of s and materials, such as woven and plush, and filler grass in tinsel and paper to match the colors of the season. For those looking for last minute gifts, pre-made Easter baskets with candy and plush are also available in character favorites such as Frozen, Teenage Mutant Ninja Turtles and Disney Princesses.

Fill the basket with loveable springtime plush such as ducks, bunnies and popular TY Beanie Boos. Don’t forget the Easter Sweets including a great selection of chocolate bunnies from Russell Stover, Dove or Whitman. Rite Aid also has a wide variety of rainbow jelly beans from brands such as Starburst, Jolly Rancher, Lifesavers, Jelly Belly and Sunrise. Or stick with the classics, pastel robin eggs, brightly colored marshmallow PEEPS and classic Cadbury Eggs.

Eggs for Everyone
Easter morning would not be complete without dyeing eggs and a competitive Easter egg hunt. Rite Aid has just what customers need with its wide variety of multi-color fillable or prefilled plastic eggs. Using an egg dye kit from PAAS, surprise the Easter Bunny with perfectly dyed bright colored, metallic, glittered or marble eggs.

Spring Ahead
It’s time to start decorating for spring and Rite Aid carries a wide assortment of décor perfect for the season. To tend the garden, Rite Aid has a wide selection of hoses, rakes, shovels, gloves, water wands and nozzles in bright and whimsical colors. For outdoor décor, customers will find novelty bird houses available in car, airplane, motorcycle and boat designs and assorted garden figures including gnomes and frogs, as well as painted glass bird baths and feeders. Welcome spring into the home with decorations including floral wreaths, artificial flower pot arrangements and window décor.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2015 annual revenues of $26.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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Contact:

Media: Kristin Kellum 717-975-5713

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Miracle Balloon campaign: Rite Aid kicks off its annual fundraising program for Children’s Miracle Network Hospitals

  • Customers Can Support Their Local Children’s Miracle Network Hospital with Purchase of $1 Paper Miracle Balloons
  • Rite Aid Raised $6.3 Million in 2015, Bringing Grand Fundraising Total Since 1994 to More Than $75 Million

Camp Hill, Pa., 2016-Mar-18 — /EPR Retail News/ — Rite Aid’s 22nd annual Miracle Balloon campaign for Children’s Miracle Network Hospitals, a leading nonprofit organization that raises funds for children’s hospitals, is now underway. From now through April 30, Rite Aid customers can support their local children’s hospital by purchasing $1 paper Miracle Balloons at any Rite Aid store. To show appreciation, supporters will receive $7 in coupon offers for a variety of items sold at Rite Aid.

“Thanks to our caring associates, supportive customers and generous supplier partners, in 2015, Rite Aid raised $6.3 million for the 95 local Children’s Miracle Network Hospitals we support across the country,” said Ken Martindale, Rite Aid CEO of stores, president of Rite Aid Corporation and president of The Rite Aid Foundation. “Rite Aid is proud of its longstanding relationship with Children’s Miracle Network Hospitals and we look forward to another successful campaign this year, raising much-needed funds to benefit the sick and injured children in the communities we serve.”

In addition to selling $1 paper Miracle Balloons, Rite Aid associates plan and host a variety of community fundraisers to help raise additional funds including golf tournaments, yard sales, car washes and other special events. Members of Rite Aid’s management team also dedicate a day each summer to washing cars and participating in an obstacle course outside the company’s headquarters in Camp Hill, Pa.

“Rite Aid is a phenomenal partner in our efforts to raise funds and awareness for children’s hospitals. As charities, children’s hospitals rely on donations to provide much-needed equipment, treatments and charitable care for kids,” said John Lauck, president and CEO of Children’s Miracle Network Hospitals. “Support from Rite Aid customers, associates and their supplier partners ensures kids in their communities have the care they deserve.”

Since becoming a partner in 1994, Rite Aid has raised more than $75 million for Children’s Miracle Network Hospitals, making Rite Aid the organization’s sixth largest corporate partner. Funds raised by Rite Aid help to provide pediatric equipment, treatments, research, therapy programs and charitable care benefiting sick and injured kids.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2015 annual revenues of $26.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

 Children’s Miracle Network Hospitals® raises funds and awareness for 170 member hospitals that provide 32 million treatments each year to kids across the U.S. and Canada. Donations stay local to fund critical treatments and healthcare services, pediatric medical equipment and charitable care. Since 1983, Children’s Miracle Network Hospitals has raised more than $5 billion, most of it $1 at a time through the charity’s Miracle Balloon icon. Its various fundraising partners and programs support the nonprofit’s mission to save and improve the lives of as many children as possible. Find out why children’s hospitals need community support, and learn about your member hospital, at CMNHospitals.org and facebook.com/CMNHospitals.

Source: Rite Aid

Contact:

Media: Kristin Kellum 717-975-5713

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Rite Aid’s Innovation Challenge selected the Tri-Tip Walking Cane for development and sale in Rite Aid stores

Camp Hill, Pa., 2016-Mar-01 — /EPR Retail News/ — Rite Aid’s first-ever Innovation Challenge has selected the Tri-Tip Walking Cane, an ergonomic walking cane, for development and sale in Rite Aid stores and online at www.riteaid.com. Created by Jamie Jordan, an engineer based in Grapevine, Texas, the Tri-Tip Walking Cane features three legs that function independently for added stability and also uses a spring-loaded, shock absorbing system, alleviating hand, wrist, shoulder and back pain commonly associated with use of a traditional walking cane.

“We congratulate and thank Jamie for participating in Rite Aid’s first-ever Innovation Challenge,” said David Abelman, Rite Aid executive vice president of marketing. “Rite Aid is excited to introduce the Tri-Tip Walking Cane to customers as part of our existing home health care offering, and we think it will be well received by patients and customers who use canes, as well as caregivers, as a safe solution for maintaining daily mobility.”

Rite Aid’s Innovation Challenge yielded more than 700 submissions from both Rite Aid associates as well as consumers. All submissions went through an extensive eight stage evaluation process conducted by Edison Nation Medical. Rite Aid partnered with Edison Nation Medical, a leader in consumer and healthcare innovation, to conduct a nationwide search for original product ideas to improve the health and wellbeing of Rite Aid customers.

“We are pleased that Rite Aid has selected the Tri-Tip Walking Cane as the first product to be introduced to their customers,” explained Gregg Smith, Edison Nation Medical partner and chief investment officer. “Creating more effective, efficient and safer healthcare through open innovation is Edison Nation Medical’s stated mission and Rite Aid’s adoption of the Tri-Tip Walking Cane is a perfect example of that mission being brought to life.”

Rite Aid expects the product to be available to customers in stores and online at www.riteaid.com later this year.

Edison Nation Medical is a healthcare innovation marketplace with deep expertise in open innovation, product development, and healthcare. Born out of collaboration with Carolinas HealthCare System (one of the largest public health system in the United States), Edison Nation Medical’s mission is to break down the barriers to healthcare innovation. We make this a reality by providing a clear and easy pathway through our open innovation platform for anyone – physicians, nurses, entrepreneurs, even patients and caregivers – to submit a medical invention idea for full evaluation and potential commercialization. Edison Nation Medical innovation headquarters is in Charlotte, NC with satellite offices in San Francisco and New York City. For more information, please visit www.EdisonNationMedical.com or find Edison Nation Medical on Twitter, Facebook, and LinkedIn.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2015 annual revenues of $26.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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Media: Ashley Flower 717-975-5718