PHILADELPHIA — Rite Aid Corp. reported a narrower first-quarter loss than analysts had projected, and beat revenue forecasts. The company posted an adjusted loss per share loss of 73 cents, which was much better than Wall Street’s estimate of $1.50. Revenue for the period ended June 3 dipped to $5.653 billion from $6.015 billion from
NEW YORK — Albertsons Cos. and Rite Aid Corp. are among mass retailers enhancing their store brand offerings as growth of the brands continues to outpace gains by national brands. The Private Label Manufacturers Association (PLMA) reported store brand sales increased 11.3% last year as national brand sales increased 6.1%. In volume terms, store brand
PHILADELPHIA — As executive vice president and chief human resources officer at Rite Aid Corp., Jessica Kazmaier oversees all aspects of the retail pharmacy chain’s human resources strategy, including talent management, associate engagement, incentives and labor relations. “Each element of my role is just as important as the others when it comes to the success
PHILADELPHIA — Rite Aid Corp. chief pharmacy officer Karen Staniforth says that Rite Aid has always been focused on the pharmacist and the prescription counter as its growth engine. The pandemic, of course, validated that view by highlighting the vital and elevated role that pharmacists play in their communities. She notes that pharmacists have been
PHILADELPHIA — Rite Aid announced the launch of RYSHI – its exclusive collection of clean beauty and personal care essentials. Spanning across multiple categories, RYSHI products offer better-for-you ingredients at an accessible price point so customers can conveniently build their beauty toolkit at their neighborhood Rite Aid. The full collection offers a vast range of
PHILADELPHIA – Rite Aid is kicking off a spring beauty sales event today, with the theme “Beauty is in Bloom,” promising “spectacular shopping promotions to get consumers feeling and looking their best this season.” For the next three weeks, Rite Aid is offering a variety of special deals, in-store and online, including money-saving promotions on
PHILADELPHIA — Rite Aid reported a net loss of $241.3 million, or $4.39 per share, for its fourth quarter, compared to a net loss of $389.1 million, or $7.18 per share in the year-ago period. The adjusted net loss of $68.2 million, or $1.24 per share, was wider than the 78 cents per share expected
CAMP HILL, Pa. — Andre Persaud, chief retail officer at Rite Aid Corp., left the company earlier this month. Rite Aid provided no details on Persaud’s departure, saying, “We appreciate his years of service to Rite Aid and wish him the best in his next endeavor.” Bill Miller, senior vice president of central retail operations,
As it has on multiple occasions over the last quarter of a century, Rite Aid finds itself beset with uncertainty. The abrupt departure of chief retail officer Andre Persaud earlier this month, coming as it did on the heels of the company’s parting of ways with president and chief executive officer Heyward Donigan at the
CAMP HILL, Pa. — Andre Persaud, chief retail officer at Rite Aid, has left the company. Bill Miller, senior vice president of central retail operations, will serve as acting head of retail operations. Chief pharmacy officer Karen Staniforth will oversee store pharmacy operations. The company provided no details on Persaud’s departure, saying, “We appreciate his
PHILADELPHIA — Rite Aid Corp. reported a narrower-than-projected loss and topped Wall Street’s revenue forecast for its third quarter. The company reported an adjusted loss of $7.9 million, or 14 cents a share. Analysts had estimated it would be 15 cents a share. Revenue of $6.08 billion bettered Wall Street’s expectation of $5.94 billion. For
PHILADELPHIA — Rite Aid reported a narrower than projected loss and topped Wall Street’s revenue forecast for its third quarter. The company reported an adjusted loss of $7.9 million, or 14 cents a share. Analysts had estimated it would be 15 cents a share. Revenue of $6.08 billion bettered Wall Street’s expectation of $5.94 billion.