The company is restructuring its store support center in Jacksonville, Fla., and field support teams across the Southeast, resulting in employee layoffs.
Brian Newman has been named executive vice president and chief financial officer designate, while Amy Compton-Phillips, MD, is the company’s new executive vice president and chief medical officer.
While the impact of tariffs remains unknown, consumers are already adjusting purchase decisions as a result of broader circumstances that are impacting them now, according to a new report from Circana.
Nearly nine out of every 10 U.S. Gen Z/young adults ages 18-28 think there is currently a teen nicotine use epidemic in the United States, per CVS Health data.
Rite Aid also has been pursuing a sale of some or all of its businesses as a potential alternative to a Chapter 11 filing, per a Wall Street Journal report.
