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Rite Aid

Panzer honored for Lifetime Achievement

Panzer honored for Lifetime Achievement

BOISE, Idaho — Since going to work at an Osco Drug store in Chicago as a 15-year-old high school student in early 1972, Mark Panzer has been a force in retail pharmacy. With hard work and the inspiration of role models, Panzer carved out a career in retailing that the editors at Mass Market Retailers

Rite Aid’s third quarter results beat estimates

Rite Aid’s third quarter results beat estimates

CAMP HILL, Pa. — Rite Aid Corp.’s third quarter sales climbed 12% to $6.12 billion, but adjusted earnings slipped to 40 cents a share from 54 cents a year earlier, hurt by elevated expenses. Still, both sales and earnings beat Wall Street’s estimates. Net income for the quarter ended November 28 was $4.3 million, down

Rite Aid supports Children’s Miracle Network Hospitals

Rite Aid supports Children’s Miracle Network Hospitals

CAMP HILL, Pa. — Rite Aid customers have supported Children’s Miracle Network Hospitals for more than a quarter-century with donations of coins and dollar bills, and the company says the collective effort has raised more than $100 million in overall giving following the company’s 2020 Miracle Balloon Campaign. This past summer, Rite Aid customers donated

Rite Aid launches refreshed brand as part of transformation

CAMP HILL, Pa. — Earlier this month, Rite Aid officially launched its refreshed brand with an advertising campaign that demonstrates the company’s commitment to provide the perfect fusion of traditional medicine and alternative remedies. The launch is part of Rite Aid’s ongoing transformation and includes a new brand identity (logo) that is rolling out across

Rite Aid buying Bartell Drugs

CAMP HILL, Pa. — Rite Aid Corp. is acquiring Bartell Drugs and will preserve the Bartell’s name that has endured for 130 years as a totem of independent, homegrown retail in Seattle and the surrounding Puget Sound region. One of the oldest companies in Washington state, Bartell’s has been struggling with financial strains that intensified

Rite Aid unveils refreshed brand, new strategy

Rite Aid unveils refreshed brand, new strategy

CAMP HILL, Pa. —Rite Aid launched its refreshed brand Monday with an advertising campaign focused on the chain’s commitment to becoming a total health care destination for consumers. The brand refresh also includes the retailer’s new logo that is rolling out across the chain. Other elements include whole health merchandise, a refreshed digital experience, and

Rite Aid to launch Performance Media powered by Quotient

Rite Aid to launch Performance Media powered by Quotient

CAMP HILL, Pa. — Rite Aid has enhanced its targeted digital media capability through a partnership with the leading digital promotions, media, and analytics company, Quotient, to exclusively connect brands and advertisers to Rite Aid digital customers. At a time when marketers are foregoing traditional channels in favor of more targeted and measurable alternatives, Rite

Rite Aid names Angele Robinson-Gaylard as SVP, store development

Rite Aid names Angele Robinson-Gaylard as SVP, store development

CAMP HILL, Pa. — Rite Aid has appointed Angele Robinson-Gaylord as senior vice president, store development. She is the latest in a series of senior leaders to join Rite Aid with the skill and imagination to help drive forward Rite Aid’s RxEvolution – the company’s business strategy. Robinson-Gaylord will play a key role in executing

Rite Aid tops expectations for Q2

CAMP HILL, Pa. — Rite Aid’s second quarter sales and earnings beat Wall Street’s ­projections. Adjusted earnings per share of 25 cents topped analysts’ forecast of a 1-cent loss. Revenue for the period ended August 29 climbed 11.5% to $5.98 billion, driven by store and pharmacy benefit manager gains, and bettering the forecast $5.75 billion.

Rite Aid to acquire Bartell Drugs

Rite Aid to acquire Bartell Drugs

CAMP HILL, Pa. – Rite Aid announced on Wednesday that it has entered into a definitive agreement to acquire Bartell Drugs for $95 million. Founded in 1890, family-owned Bartell Drugs generates over $550 million in revenue and fills approximately 5.5 million prescriptions annually across its 67 stores in Seattle and throughout King, Snohomish and Pierce

Rite Aid’s Q2 sales and earnings top projections

Rite Aid’s Q2 sales and earnings top projections

CAMP HILL, Pa. — Rite Aid’s second-quarter sales and earnings beat Wall Street’s forecast.   Adjusted earnings per share of 25 cents topped analysts’ projection of a 1 cent loss.  Revenue for the period ended August 29 climbed 11.5% to $5.98 billion, driven by store and PBM gains, and bettering the forecast $5.75 billion. The

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