May 15, 2018 by MMR
Albertsons Cos., Rite Aid Corp.
Featured Articles, Leading Headlines, Retail News
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies, which will be called Albertsons Inc. once the deal is finalized following a shareholders vote. Announced in late February, the merger will join
April 12, 2018 by Bill Schiffner
fourth quarter, Rite Aid Corp.
Featured Articles, Leading Headlines, Money, Retail News
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported net income of $767.1 million, or 73 cents per diluted share, for the fourth quarter ended March 3. The company showed a net loss from continuing operations of $483.7 million, or 46 cents per diluted share, for the quarter. Adjusted net loss from continuing operations
March 6, 2018 by MMR
Albertsons-Rite Aid, asset sale, Rite Aid Corp., Walgreens Boots Alliance (WBA)
Leading Headlines, Retail News, Topics
CAMP HILL, Pa. — Rite Aid Corp. is winding down its asset sale to Walgreens Boots Alliance (WBA) with the ownership transfer of 537 more stores. Rite Aid said Tuesday that as of March 2, it has transferred 1,651 stores and related assets to WBA for cash proceeds of $3.6 billion. The process has progressed
March 6, 2018 by MMR
Albertsons Cos., Bob Miller, Jim Donald, Pathmark Stores Inc., Rite Aid Corp.
Leading Headlines, People, Retail News
BOISE, Idaho — Albertsons Cos. has tapped retail veteran Jim Donald, former president and chief executive officer of Starbucks, to serve as its new president and chief operating officer. In his new role, Donald will have responsibility for the operations of the retailers’ more than 2,300 stores and will help drive the growth of the
March 5, 2018 by MMR
Albertsons Cos., Rite Aid Corp.
2018, Issue 03-05-2018, Issues
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. plan to merge in a mostly stock transaction. If completed, the combination will create a company with pro forma revenues of about $83 billion, operating 4,900 stores, 4,350 pharmacy locations and 320 in-store health clinics in 38 states and the District of Columbia. The merger will
March 5, 2018 by MMR
Albertsons Cos., Rite Aid Corp.
2018, Issue 03-05-2018, Issues
NEW YORK — The planned merger of Rite Aid Corp. and Albertsons Cos. should strengthen both retailers by bringing together several complementary strengths. First and perhaps most obvious will be the enhanced financial scale of the combined company. With 4,892 stores nationwide, pro forma annual revenue is projected to total around $83 billion for 2018,
February 20, 2018 by Geoff Walden and Jeffrey Woldt
Albertsons Cos., John Standley, Rite Aid Corp.
Featured Articles, Leading Headlines, Retail News
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
January 23, 2018 by MMR
Rite Aid Corp., Walgreens Boots Alliance, WBA
Leading Headlines, Retail News
CAMP HILL, Pa. — Rite Aid Corp. has transferred ownership of nearly a third of the stores sold to Walgreens Boots Alliance (WBA) under a $4.375 billion deal announced in September. Rite Aid said late Monday that WBA has taken ownership of 625 stores and related assets thus far, for which it has paid Rite Aid
January 3, 2018 by MMR
2018 third quarter, Rite Aid Corp., Walgreens Boots Alliance, WBA
Leading Headlines, Money
CAMP HILL, Pa. — Rite Aid Corp. topped Wall Street’s earnings projections for its fiscal 2018 third quarter, in which the company proceeded with the transfer of stores under its $4.375 billion asset sale to Walgreens Boots Alliance (WBA). Rite Aid said late Wednesday that for the quarter ended Dec. 2, net income totaled $81
October 2, 2017 by MMR
GNC Holdings Inc., Ken Martindale, Rite Aid Corp.
2017, Issue 10-02-2017, Issues
CAMP HILL, Pa. — Ken Martindale has left his job as president and chief executive officer of stores at Rite Aid Corp. to become CEO at GNC Holdings Inc., operator of a nutritional supplements retail chain headquartered in Pittsburg. Martindale joined Rite Aid in December 2008 and became the company’s first CEO of stores in
September 28, 2017 by MMR
2018 second quarter, Rite Aid Corp.
Leading Headlines, Money
CAMP HILL, Pa. — Rite Aid Corp. reported declined sales and adjusted earnings per share in line with Wall Street’s forecast for its fiscal 2018 second quarter. Rite Aid said Thursday that for the second quarter ended Sept. 2, revenue totaled $7.68 billion, down 4.4% from $8.03 billion a year earlier. Sales in retail pharmacy
September 28, 2017 by MMR
Kermit Crawford, Rite Aid Corp., Walgreen Co.
Featured Articles, Leading Headlines, People, Retail News
CAMP HILL, Pa. — Former Walgreen Co. pharmacy chief Kermit Crawford is joining Rite Aid Corp. as president and chief operating officer. Rite Aid said Thursday that Crawford is slated to start in the post on Oct. 5 and report to chairman and chief executive officer John Standley. Most recently at Walgreens, Crawford was a