RITE AID

Rite Aid's analyst day highlighted the company's new strategic direction and plans to focus on its PBM, leveraging its pharmacists to improve patient health and building a store that appeals to younger shoppers.

Andre Persaud, who has roughly 25 years of experience in various types of retailing, has been named Rite Aid's executive vice president of retail operations.

Rite Aid posted earnings of $52.3 million, compared with a $17.3 million net loss in the prior year’s third quarter, which CEO Heyward Donigan said offers momentum as the company plans to unveil a long-term growth strategy.

The company has named Dan Robson president of EnvisionRxOptions from his role as president of MedTrakRx, one of the PBM's subsidiary.

The Rite Aid Foundation is marking “Giving Tuesday” by awarding more than $2 million to partner charities through its Full of Thanks Holiday Program.

The Rite Aid Foundation's $75,000 donation to the American Red Cross will be divided to help relief efforts in Northern and Southern California.

The grants are aimed at enabling children’s hospitals to further efforts focused on improving the health of children in the communities where Rite Aid operates. 

The Rite Aid Foundation has completed another round of KidCents regional grants, this time disbursing more than $5 million to 233 nonprofits.