March 25, 2019 by MMR
Brian Hoover, Bryan Everett, Darren Karst, Jocelyn Konrad, John Standley, Kermit Crawford, Matt Schroeder, Rite Aid
2019, Issue 3-25-2019, Issues
CAMP HILL, Pa. — Rite Aid Corp. is replacing three top executives and cutting about 400 corporate jobs — more than a fifth of its white-collar positions. The chain announced the departures of chief executive officer John Standley, president and chief operating officer Kermit Crawford, and chief financial officer Darren Karst. Rite Aid said the
March 21, 2019 by MMR
Rite Aid, stockholders
Leading Headlines, Money, Retail News
CAMP HILL, PA – Rite Aid Corp. said its stockholders approved a reverse stock split of the company’s common stock at Thursday’s special meeting of stockholders. According to preliminary tabulations, with approximately 987 million eligible votes cast, stockholders voted 78% in favor of the reverse split. Rite Aid’s board of directors may select a reverse
February 19, 2019 by MMR
GNC, Rite Aid, Rite Aid Corp.
Leading Headlines, Retail News, Topics
CAMP HILL, Pa. – Rite Aid Corp. and GNC announced Monday an agreement which extends their partnership through 2022. Rite Aid and GNC have had an exclusive partnership in the chain drug channel since December 1998. “Our more than 20-year partnership with GNC has provided Rite Aid with a key point of differentiation in the
January 4, 2019 by MMR
New York Stock Exchange, NYSE, Rite Aid
Leading Headlines, Retail News
CAMP HILL, Pa. — The New York Stock Exchange (NYSE) has notified Rite Aid Corp. that it is no longer in compliance with continued listing standard rules because its stock price has fallen below the the exchange’s share price rule. The NYSE requires the average closing price of a listed company’s common stock to be
December 19, 2018 by MMR
Rite Aid, Rite Aid chief executive officer John Standley, third quarter
Leading Headlines, Money, Retail News
CAMP HILL, Pa. — Rite Aid Corp. today reported operating results for its third fiscal quarter ended December 1. For the third quarter, the company reported net loss from continuing operations of $17.3 million, or $0.02 per share, Adjusted net income from continuing operations of $14.7 million, or $0.01 per share, and Adjusted EBITDA from
September 27, 2018 by MMR
Bruce Bodaken, John Standley, Rite Aid
Featured Articles, Leading Headlines, Money, Retail News
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
August 26, 2018 by MMR
Harold W. Pratt Award, Mike Podgurski, National Association of Chain Drug Store (NACDS)National Association of Chain Drug Store (NACDS), Rite Aid
Leading Headlines, People
DENVER – The National Association of Chain Drug Store (NACDS) today presented the Harold W. Pratt Award – its highest honor commemorating service to pharmacy – to Mike Podgurski, Rite Aid Corporation’s vice president, pharmacy services. The award was presented during the Business Program of the NACDS Total Store Expo. “Mike Podgurski’s dedication to the
August 24, 2018 by MMR
Havas North America, Rite Aid, Well Village
Leading Headlines, Retail News
CAMP HILL, Pa. — Rite Aid has named Havas North America as its new agency of record with an emphasis on brand strategy and creative. Under the agreement, Havas will form a team of top talent known as the “Well Village” — including thought leaders with vast experience in retail health care strategy and creative
August 20, 2018 by Jeffrey Woldt
Albertsons, Jeffrey Woldt, Rite Aid
2018, Issue 08-20-2018, Issues, Opinion
The eleventh-hour collapse of the merger between Albertsons Cos. and Rite Aid Corp. in the face of opposition from the latter’s shareholders raises a host of questions for the two companies and the people who run them. The plug was pulled earlier this month, less than a day before Rite Aid stockholders were to have
July 27, 2018 by MMR
Dollar General, Food Marketing Institute, Jessica Kazmaier, Jocelyn Konrad, Karen Staniforth, Kathleen Jaeger, Lauren Brindley, Leslie Sarasin, Lisa Badgley, mass market retailers, Most Influential Women, NACDS Foundation, National Association of Chain Drug Stores, Rhonda Taylor, Rite Aid, Susan Henderson, Tracey Herrmann, Walgreens
Featured Articles, Leading Headlines, Slideshows
NEW YORK — Mass Market Retailers on Tuesday evening honored the outstanding executives who were identified by the publication as the industry’s Most Influential Women in 2018. On hand to receive awards were the following executives: Lisa Badgley, senior vice president of operations at Walgreens Lauren Brindley, group vice president and GMM of beauty and
July 23, 2018 by MMR
Albertsons, Rite Aid
2018, Issue 07-23-2018, Issues
CAMP HILL, Pa. — Rite Aid Corp. shareholders will vote on the company’s merger with Albertsons Cos. at a special meeting on August 9. If approved, the $24 billion transaction would take privately held Albertsons public and give its shareholders a majority stake in the combined company. The merged entity would be a top-five food
June 26, 2018 by MMR
Albertsons Cos., merger, Rite Aid, shareholders
Leading Headlines, Retail News
CAMP HILL, Pa. — Rite Aid Corp. on Tuesday announced that the registration statement on Form S-4, in connection with its proposed merger with Albertsons Cos., has been declared effective by the U.S. Securities and Exchange Commission (SEC). In connection with the definitive proxy statement/prospectus, Rite Aid issued a letter to shareholders detailing the merits