CAMP HILL, Pa.— Rite Aid Corp. has entered into an amendment to its senior secured credit agreement, which, after giving effect to the amendment, consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million “first-in, last out” senior secured term loan facility, the company said Monday. The new facilities extend
BIRMINGHAM, Ala. — Rite Aid said Thursday that it is teaming with Shipt to bring same-day delivery of health and wellness products to all its stores across 17 states. Customers can order from more than 2,000 Rite Aid locations through the Shipt marketplace, with delivery to their door in as soon as one hour. The
CHICAGO – Rite Aid is working with dunnhumby to revamp its price, promotion and loyalty programs. Rite Aid and dunnhumby will use customer data models and consumer-led insights to optimize these investments to improve customer value perception digitally and at more than 2,500 stores in 17 states. Rite Aid’s loyalty program will be completely reimagined
CAMP HILL, Pa. — Rite Aid is set to launch its annual in-store customer fundraising campaign benefiting Children’s Miracle Network Hospitals next month. The campaign will run from August 1 through August 28. All funds donated by customers will benefit 53 local children’s hospitals providing lifesaving care and services for kids in Rite Aid communities.
CAMP HILL, Pa. — Rite Aid Corp. recently posted results for the first quarter of fiscal 2022 that fell short of some analysts’ projections, although the company’s Retail Pharmacy Segment achieved robust sales and profit growth. However, the company’s full-year earnings forecast disappointed Wall Street, which drove down Rite Aid’s stock price by nearly 15%
SOLON, Ohio — Rite Aid will host its inaugural Clean, Green, and Better for You virtual product summit on July 29 to meet with product suppliers across food and beverage, health and beauty care, and general merchandise categories that support whole health and include clean ingredients. Erik Keptner “Providing a compelling selection of products that are
CAMP HILL, Pa. — Rite Aid Corp. posted results for the first quarter of fiscal 2022 that fell short of some analysts’ projections although the company’s retail pharmacy segment achieved robust sales and profit growth. Heyward Donigan The reported net loss from continuing operations for the 13 weeks ended May 29 fell to $13.1 million,
CAMP HILL, Pa. — Rite Aid has published its third annual corporate sustainability report, detailing the company’s enhanced Environmental, Social and Governance (ESG) strategy. The report introduces four key pillars underpinning Rite Aid’s sustainability efforts: building a thriving planet, thriving business, thriving workplace and thriving community. “As a health care organization that aspires to support
CAMP HILL, Pa. — Rite Aid announced on Monday that Andre Persaud has been named chief retail officer. Persaud was appointed executive vice president, retail for Rite Aid in February 2020 and assumed responsibility for orchestrating new in-store experiences and retail operations processes in line with the company’s RxEvolution strategy. “Andre has not only
CAMP HILL, Pa. — Rite Aid said it is administering COVID-19 vaccines to anyone 12 or older at all locations offering the Pfizer vaccine, following the latest guidance from the Centers for Disease Control and Prevention (CDC). Guardians for individuals under 18 can now schedule appointments using the Rite Aid scheduling tool found at www.RiteAid.com/covid-19. Those ages
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported a fourth quarter net loss of $18.5 million, or 34 cents per share, as results were hurt by weak cough-cold sales and other factors. The adjusted net loss for the period ended February 27 was $41.8 million, or 78 cents per share, which compared to
Jocelyn Konrad, executive vice president and chief pharmacy officer at Rite Aid, tells this week’s Video Forum about the drug chain’s efforts to combat COVID-19, including robust testing and immunization programs. She also addresses lessons learned from the pandemic, Rite Aid’s innovative approach to health and wellness, and the future of retail pharmacy.