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RITE AID

  • Walgreens Q1 sales up 1.4% as it works toward closing Rite Aid deal

    DEERFIELD, Ill. – Still no announcement that Walgreens Boots Alliance has closed the deal on its proposed acquisition of Rite Aid, but that announcement will come soon, the company stated Thursday morning after posting first quarter sales of $20.7 billion, up 1.4%.

  • Walgreens acquisition of Rite Aid expected to close in early 2017

    CAMP HILL, Pa. — Now that the divestiture of 865 Rite Aid stores to Fred’s Pharmacy for $950 million has been announced, Walgreens Boots Alliance’s acquisition of Rite Aid is moving forward, with an expected closing date of early 2017.

  • Rite Aid divestiture a “transformative” event for Fred’s

    MEMPHIS, Tenn. — Fred’s Pharmacy is about to transition from a regional Southeastern retailer to national pharmacy powerhouse, starting with the bottom line.

    In a statement, Fred's stated it expects the acquired stores gained from the Walgreens-Rite Aid announced store divestiture “would be accretive to earnings and generate substantial cash flow.” Net sales at Fred’s totaled $2.15 billion for the year ended January 30, 2016. Net loss came in at $7.37 million during this period.

  • Walgreens Boots Alliance and Rite Aid agree to sell 865 Rite Aid stores to Fred’s Pharmacy

    DEERFIELD, Ill. & CAMP HILL, Pa. — Walgreens Boots Alliance and Rite Aid have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s for $950 million.

    The transaction is subject to Federal Trade Commission approval, the approval and completion of the pending acquisition of Rite Aid by Walgreens Boots Alliance, and other customary closing conditions.

  • Rite Aid rolls out more holiday deals

    CAMP HILL, Pa. — Rite Aid is putting out all the stops to help customers finish their shopping this holiday season.

    From now through Dec. 23, many Rite Aid locations will have extended shopping hours, convenient for picking up last minute holiday needs such as batteries, gifts, cards or baking supplies. 

    Rite Aid is also offering a wide variety of merchandise customers are looking for to successfully celebrate the holidays this year, including:

  • Health Dialog's 'right person, right time' solutions earn Frost & Sullivan recognition

    MOUNTAIN VIEW, Calif. — Based on its recent analysis of the patient shared decision-making market, Frost & Sullivan on Tuesday recognized Rite Aid's Health Dialog with the 2016 North American Frost & Sullivan Award for Product Leadership.

  • For National Influenza Vaccination Week, Rite Aid offers $5 flu shot discount

    CAMP HILL, Pa. -- From Dec. 5 through Dec. 17, Rite Aid customers will be able to save $5 on their flu shot in support of National Influenza Vaccination Week, the company announced Monday.

  • Industry’s best and brightest collaborate at 18th DSN Industry Issues Summit
    NEW YORK — Some 275 retail and CPG executives descended on the New York Athletic Club Thursday to talk about the future role the industry can play in chronic care management, how companies can embrace technology to better serve customers and patients and where the industry is headed at the 18th annual DSN Industry Issues Summit. The event was preceded Wednesday night with a cocktail reception at the Redeye Grill near Central Park. 
     
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