Content about Rite Aid Corp.

June 4, 2013
Rite Aid taps Provision Interactive for in-store 3D rewards centers

Provision Interactive Technologies has entered into a multi-year partnership with Rite Aid Corp. to install Provision’s 3D Reward Centers kiosks inside select Rite Aid stores.

Chatsworth, Calif. -- Provision Interactive Technologies has entered into a multi-year partnership with Rite Aid Corp. to install Provision’s 3D Reward Centers kiosks inside select Rite Aid stores. The kiosks will generate 3D holographic videos as well as exclusive wellness+ information and Rite Aid promotions.

May 20, 2013
Rite Aid appoints Bodaken to board of directors

Bruce G. Bodaken, former chairman, president and CEO of Blue Shield California, been named to the Rite Aid Corporation board of directors.

CAMP HILL, Pa. — Bruce G. Bodaken, former chairman, president and CEO of Blue Shield California, been named to the Rite Aid Corporation board of directors. Bodaken, 61, served with Blue Shield for 18 years, including 12 in his most recent role, and currently serves as director and audit committee chairman of WageWorks, Inc. He is also a member of the Institute of Medicine’s Roundtable on Value & Science-Driven Health Care.

April 26, 2013
Supervalu adds to board

Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.


Minneapolis — Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.


Standley has spent the past 20 years in executive leadership roles in the grocery and pharmacy retail business. He became Rite Aid Corporation’s president and COO in September 2008, was appointed to the Rite Aid board of directors in 2009 and was named CEO in June 2010. He was elected chairman of Rite Aid’s board of directors in June 2012.

April 22, 2013
Rite Aid improves, redesigns website

Rite Aid Corp. said Monday it has redesigned Riteaid.com to a more personalized and engaging version.

Camp Hill, Pa. -- Rite Aid Corp. said Monday it has redesigned Riteaid.com to a more personalized and engaging version.

Rite Aid worked with digital and healthcare communications firm Razorfish Healthware on the project.

“Today’s customer expects more from their online experience than ever before, so it’s critical that our website not only meets but exceeds their expectations,” said Ken Martindale, COO, Rite Aid.

January 31, 2013
Rite Aid same-store sales edge up in January

Rite Aid Corp. reported that same-store sales for the month of January edged up 0.3%, boosted by a 4.2% rise in front-end sales for the month along with increased prescription counts.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that same-store sales for the month of January edged up 0.3%, boosted by a 4.2% rise in front-end sales for the month along with increased prescription counts.

Total sales for the four-week period decreased 0.5% to $1.914 billion.

 

December 20, 2012
Rite Aid swings to profit in Q3, lifts forecast

Rite Aid Corp. reported a profit of $60.5 million for the quarter ended Dec. 1, compared with a year-earlier loss of $54.5 million and marking the first time since quarter-ended May 2007 that the drugstore retailer has turned a profit.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday a profit of $60.5 million for the quarter ended Dec. 1, compared with a year-earlier loss of $54.5 million and marking the first time since quarter-ended May 2007 that the drugstore retailer has turned a profit.
 
Rite Aid also raised its forecast for the year, abandoning earlier forecasts of a loss for the year and instead suggesting that the company may turn an annual profit.
 

October 11, 2012
Report: Rite Aid ordered to pay $800,000 settlement

A San Diego judge ordered Rite Aid Corp. and its California subsidiary Thrifty PayLess Inc. to pay $800,000 to settle a complaint alleging false advertising, the Associated Press reported.

New York -- A San Diego judge ordered Rite Aid Corp. and its California subsidiary Thrifty PayLess Inc. to pay $800,000 to settle a complaint alleging false advertising, the Associated Press reported.

Prosecutors claimed Rite Aid led consumers to believe they would pay less for items bought using the company's Wellness Card, the report said. However, they were given a coupon and told it was for a future purchase that would expire and was subject to other restrictions.

September 20, 2012
Rite Aid narrows loss in Q2

Rite Aid Corp. reported a loss of $41.4 million in the second quarter, significantly narrowed from a $94.7 million loss in the year-ago period.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday a loss of $41.4 million in the second quarter, significantly narrowed from a $94.7 million loss in the year-ago period.

Revenue slipped to $6.23 billion from $6.27 billion last year, missing Wall Street’s projected $6.25 billion in sales. Same-store sales were essentially flat for the quarter.

August 2, 2012
Rite Aid same-store sales edge up in July

Rite Aid Corp. reported that July same-store sales rose 0.5%.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that July same-store sales rose 0.5%.

Total sales dipped 0.1% to $1.88 billion.
 

June 21, 2012
Rite Aid loss narrows loss in Q1

Rite Aid Corp. reported that it narrowed its loss in the first quarter to $28.1 million, from a loss of $63.1 million in the year-ago quarter.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that it narrowed its loss in the first quarter to $28.1 million, from a loss of $63.1 million in the year-ago quarter.

Revenue rose 1.2% to $6.5 billion from $6.4 billion, edging Wall Street’s forecasted $6.47 billion in revenue.

Same-store sales increased 2.5% in the quarter.

April 12, 2012
Rite Aid narrows Q4 loss, to emphasize remodels in 2013

Rite Aid Corp. reported that it narrowed its loss in the fourth quarter to $163.8 million, from a loss of $205.7 million in the year-ago period.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that it narrowed its loss in the fourth quarter to $163.8 million, from a loss of $205.7 million in the year-ago period.

Revenue rose 10.7% to $7.15 billion from $6.46 billion, beating Wall Street’s expected $7.12 billion in revenue. Same-store sale increased 3%.

For the full year, Rite Aid reported a loss of $368.6 million and revenues of $26.1 billion.

January 5, 2012
Walgreens and Rite Aid report rise in December same-store sales

Walgreen Co. said that its same-store sales increased 0.4 percent in December, beating analysts' estimates for a decline of 0.1%.

New York City -- Walgreen Co. said Thursday that its same-store sales increased 0.4 percent in December, beating analysts' estimates for a decline of 0.1%.

Front-end sales were up 0.6%. Same-store pharmacy sales, which make up nearly 60% of total sales, rose 0.2%. Walgreen said those sales were hurt by more launches of generic drugs, as well as a milder season for coughs, colds and the flu.

Rite Aid Corp. said Thursday its December same-store sales rose 3.6%, boosted by higher pharmacy sales.

December 15, 2011
Rite Aid narrows Q3 loss on higher same-store sales

Rite Aid Corp. reported Thursday that it lost $54.5 million in the fiscal quarter, narrowed from a loss of $81.5 million a year earlier. The chain has trimmed its projected loss for fiscal 2012 based on the results.

CAMP HILL, Pa. -- Rite Aid Corp. reported Thursday that it lost $54.5 million in the fiscal quarter, narrowed from a loss of $81.5 million a year earlier. The chain has trimmed its projected loss for fiscal 2012 based on the results.

Revenue rose almost 2% to $6.31 billion, compared with $6.2 billion in the year-ago period and surpassing Wall Street’s expected $6.29 billion in revenue. Same-store sales increased 2%. 

Rite Aid is upping its store improvement spending and has focused efforts on building its Wellness Plus rewards program.

October 27, 2011
Rite Aid same-store sales up 2.9% in October

Rite Aid Corp. reported Thursday that same-store sales increased 2.9% in October, boosted by a 3.6% surge in pharmacy same-store sales.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that same-store sales increased 2.9% in October, boosted by a 3.6% surge in pharmacy same-store sales. Front-end same-store sales edged up 1.3%.

Total drugstore sales for the four-week period increased 2.8% to $1.96 billion compared to $1.91 billion for the same period last year.

September 22, 2011
Rite Aid narrows loss in Q2

Rite Aid Corp. reported Thursday that it narrowed its loss in the quarter ended Aug. 27 to $94.7 million, from $199.3 million in the year earlier period.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that it narrowed its loss in the quarter ended Aug. 27 to $94.7 million, from $199.3 million in the year earlier period.

Revenue rose 1.8% in the quarter to $6.3 billion, and same-store sales – as previously reported – increased 2.2%.

The drugstore retailer has modified its outlook, now expecting smaller losses for fiscal 2012 than originally anticipated.

August 9, 2011
Rite Aid appoints chief communications officer

Rite Aid Corp. announced Monday it has named Susan Henderson as senior VP and chief communications officer to replace Karen Rugen, who retired last month.

Camp Hill, Pa. -- Rite Aid Corp. announced Monday it has named Susan Henderson as senior VP and chief communications officer to replace Karen Rugen, who retired last month.

Henderson previously worked for Chicago-based strategy execution and employment engagement firm Gagen MacDonald; before that, she was VP communications for Harley-Davidson. She has also worked for the Wm. Wrigley Jr. Co. in Chicago, Kohl's Department Stores and the Miller Brewing Co.
 

July 27, 2011
Rite Aid agrees to pay $2.1 million for prescription overcharges

Rite Aid Corp. has agreed to pay $2.1 million to Massachusetts towns to settle alleged prescription drug overcharges under the workers’ compensation insurance system.

Camp Hill, Pa. -- Rite Aid Corp. has agreed to pay $2.1 million to Massachusetts towns to settle alleged prescription drug overcharges under the workers’ compensation insurance system.

Massachusetts Attorney General Martha Coakley said Wednesday that Rite Aid has overcharged state agencies and at least 100 cities and towns to fill prescriptions for people receiving workers' compensation since 2002.

July 7, 2011
Rite Aid announces exec shifts in HR and Ops

Rite Aid Corp. said Thursday that it has shifted executive VP store operations Brian Fiala to the position of executive VP human resources, responsible for all aspects of human resources, including training, recruitment, talent management, compensation and benefits and labor relations.

Camp Hill, Pa. -- Rite Aid Corp. said Thursday that it has shifted executive VP store operations Brian Fiala to the position of executive VP human resources, responsible for all aspects of human resources, including training, recruitment, talent management, compensation and benefits and labor relations. He will report to John Standley, Rite Aid president and CEO.

Fiala succeeds Steve Parsons, who is leaving Rite Aid to take another position.

June 23, 2011
Rite Aid narrows its loss in the Q1

Rite Aid Corp. surprised Wall Street on Thursday by paring its losses more than expected in the drug store retailer’s fiscal first quarter.

Camp Hill, Pa. -- Rite Aid Corp. surprised Wall Street on Thursday by paring its losses more than expected in the drug store retailer’s fiscal first quarter.

Rite Aid reported that it lost $65.5 million in the quarter ended May 28, compared with a loss of $76 million in the year-ago period. The retailer cited cost tightening and same-store sales gains for the improved performance.

Revenue was flat at $6.39 billion, the second straight quarter the company's revenue held steady. Before that, revenue fell for 10 consecutive quarters.

June 23, 2011
Rite Aid: Remodel 500 stores by fiscal year end

On the heels of its report that it narrowed its loss in the fiscal first quarter to $65.5 million, Rite Aid Corp. said it plans to remodel 500 stores by the end of its fiscal year.

Camp Hill, Pa. -- On the heels of its report that it narrowed its loss in the fiscal first quarter to $65.5 million, Rite Aid Corp. said it plans to remodel 500 stores by the end of its fiscal year. It will also close 50 more locations, which would give it a total of about 4,650 stores.
 

April 18, 2011
Rite Aid promotes Montini to executive VP merchandising

Rite Aid Corp. said Monday that Tony Montini has been promoted to executive VP merchandising.

Camp Hill, Pa. -- Rite Aid Corp. said Monday that Tony Montini has been promoted to executive VP merchandising.

Montini most recently served as senior VP of category management.

In his new position, Montini will oversee field merchandising and the company’s new store format development in addition to his current responsibilities for category management. The company’s new store formats include wellness stores, value + stores and co-branded Save-A-Lot Rite Aid stores.

April 7, 2011
Rite Aid narrow loss in Q4

Rite Aid Corp. reported Thursday that narrowed its loss in the fourth quarter to $208.1 million, compared with a loss of $210.6 million in the year-ago period.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that narrowed its loss in the fourth quarter to $208.1 million, compared with a loss of $210.6 million in the year-ago period.

The drugstore operator cited stabilized revenue for the slight improvement.

Revenue during the quarter was unchanged at $6.46 billion. Wall Street expected $6.41 billion in revenue.

Same-store sales edged up 1% in the fourth quarter.

In the fourth quarter, the company closed 17 stores, relocated four and remodeled two.
 

December 16, 2010
Rite Aid narrows in Q3, revenue slips

Rite Aid Corp. reported Thursday that it narrowed its third-quarter loss to $81.5 million, compared with a $86.1 million loss a year ago.

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that it narrowed its third-quarter loss to $81.5 million, compared with a $86.1 million loss a year ago. But revenue slid and the drugstore operator again lowered its full-year forecast.

Revenue fell 2% to $6.2 billion, in line with Wall Street expectations. Same-store sales dropped 1.3%.

December 3, 2010
Walgreen up, Rite Aid down in November

Walgreens on Friday reported that its same-store sales rose 3.2% in November.

New York City -- Walgreens on Friday reported that its same-store sales rose 3.2% in November. The drugstore operator’s total sales rose 8.6% to $5.83 billion. (Duane Reade stores, acquired in April 2010, contributed 2.8% points to the total sales increase for the month. But those stores are not included in the same-store sales report.)

Meanwhile, Rite Aid Corp. reported that its November same-store sales fell 1.3% due to the introduction of new generic drugs and a decline in prescriptions resulting partly from a milder flu season.

August 26, 2010
Connecticut accuses Rite Aid of deceptive price increases

Connecticut state officials are issuing subpoenas to Rite Aid Corp., accusing the pharmacy of falsely...