CAMP HILL, Pa. – Rite Aid Corp. on Thursday posted second-quarter earnings that were in line with Wall Street’s expectations. The company also named three new board members and announced it was dividing the chairman and chief executive officer position. Director Bruce Bodaken will become chairman while John Standley remains CEO. The moves follow the
CAMP HILL, Pa. – Rite Aid Corp. announced that it has mutually agreed with Albertsons Cos. to terminate their previously announced merger agreement. “While we believed in the merits of the combination with Albertsons, we have heard the views expressed by our stockholders and are committed to moving forward and executing our strategic plan as
CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview. The Albertsons-Rite Aid merger deal, announced Tuesday, will transform Rite Aid through the addition of 1,800
BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and
Who are the outstanding retail executives of the year? In years past, this determination would be a difficult task, because so many capable executives would be in contention. This year, not so much — not, at least, if individual success is measured by the success of the company. As we’ve pointed out, 2016 will not
RICHMOND, Va. — Rite Aid Corp. chairman and chief executive officer John Standley has been elected to the CarMax Inc. board of directors. The used car retail chain said late Tuesday that Standley will serve on the audit committee of the board, which now has 12 members. “We are excited to welcome John to the
SPARTANBURG, S.C. — Rite Aid Corp. has opened a new distribution center here, the company’s first new distribution center in 16 years. John Standley, Rite Aid chairman and chief executive officer and Ken Martindale, CEO of Rite Aid Stores and president of Rite Aid Corp., were joined by South Carolina secretary of commerce Bobby Hitt
NEW YORK — Racher Press Inc., the publisher of Mass Market Retailers and Chain Drug Review, presented its 2015 Retailer of the Year awards last evening in New York City. The annual event drew retailer and supplier executives from across the food, drug and mass channel to a ballroom at the new headquarters of Time