Content about Rite Aid

July 11, 2012

Canadian retail pharmacy operator the Jean Coutu Group posted big increases in sales and profits that stemmed in large part from its sale earlier this year of much of its stake in U.S. retail pharmacy chain Rite Aid.

LONGUEUIL, Quebec — Canadian retail pharmacy operator the Jean Coutu Group posted big increases in sales and profits that stemmed in large part from its sale earlier this year of much of its stake in U.S. retail pharmacy chain Rite Aid.

July 11, 2012

Social media is an important component of ongoing brand marketing, as well as any advertising campaign for a drug store retailer or brand. Integrated communications have the most impact because earned, owned and paid media reinforce and amplify the message. All channels feed off each other; the more frequently a potential customer sees or hears about a brand or retailer, particularly in more than one context or venue, the more likely she is to remember and purchase.

Social media is an important component of ongoing brand marketing, as well as any advertising campaign for a drug store retailer or brand. Integrated communications have the most impact because earned, owned and paid media reinforce and amplify the message. All channels feed off each other; the more frequently a potential customer sees or hears about a brand or retailer, particularly in more than one context or venue, the more likely she is to remember and purchase.

July 9, 2012

Rite Aid is using its social networking sites to offer 10 days of deals for the summer, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Rite Aid is using its social networking sites to offer 10 days of deals for the summer, the retail pharmacy chain said Monday.

Rite Aid said it would use the Rites — a fictional, digital family comprising Procrastinating Papa Rite, Deal Digger Mama Rite, Over-the-Top Olivia Rite, Scrooge Sally Rite, and Prepare and Preppy Patrick Rite — to promote deals across its Facebook, Twitter and Pinterest pages.

July 6, 2012

Arctic Ease has become available in Rite Aid stores, the manufacturer said.

PHOENIXVILLE, Pa. — Arctic Ease has become available in Rite Aid stores, the manufacturer said.

Arctic Ease announced the available of its cold-compression cryotherapy wrap at Rite Aid's more than 4,600 stores.

July 5, 2012

Rite Aid's same-store sales decreased in June, compared with June 2011, due largely to a decrease in pharmacy comps, the retail pharmacy chain said Thursday.

CAMP HILL, Pa. — Rite Aid's same-store sales decreased in June, compared with June 2011, due largely to a decrease in pharmacy comps, the retail pharmacy chain said Thursday.

The 1% decrease in overall comps included a 1.6% decrease in pharmacy same-store sales — including a negative effect of 672 basis points from new generic introductions — and a 0.3% increase in front-end same-store sales. Prescription count at comparable stores increased 2.9%.

June 28, 2012

This year’s National Association of Chain Drug Stores Marketplace Conference proved to be a productive four-day event as retailers and suppliers representing more than $500 billion in annual buying power convened in Denver to network, explore business opportunities and participate in educational programs.

ALEXANDRIA, Va. — This year’s National Association of Chain Drug Stores Marketplace Conference proved to be a productive four-day event as retailers and suppliers representing more than $500 billion in annual buying power convened in Denver to network, explore business opportunities and participate in educational programs.

June 25, 2012

You want Rite Aid to win. A Rite Aid win represents a proof of concept — that concept being the creation of an effective market-driven loyalty program that incorporates savings on the healthcare services that actually works and in fact cross-pollinates pharmacy patients and front-end shoppers; that concept being that generic waves need not wash out all pharmacy sales volume if a pharmacy retailer can successfully grow ancillary healthcare services, such as immunizations or Rite Aid's new Rite Care Prescription Advisor; that concept being that there is in fact a return on investment from placing a knowledgeable team member armed with a tablet of health information physically in the aisles to proactively engage patients.

WHAT IT MEANS AND WHY IT'S IMPORTANT — You want Rite Aid to win.

June 25, 2012

Is Walgreens’ decision to buy a major stake in European drug store giant Alliance Boots a good idea?

Is Walgreens’ decision to buy a major stake in European drug store giant Alliance Boots a good idea?

June 21, 2012

The leader of the country’s largest privately owned specialty pharmacy provider had a day in Washington.

FLINT, Mich. — The leader of the country’s largest privately owned specialty pharmacy provider had a day in Washington. Diplomat Specialty Pharmacy CEO Phil Hagerman and several other business leaders were invited last month to attend a one-day forum on jobs and the economy, and opportunities for collaboration between government and private sector, by the White House Business Council and Business Forward.

June 21, 2012

Rite Aid maintained its same-store sales momentum, posting gains across front-end and pharmacy comparable sales for the sixth consecutive quarter: Overall same-store sales were up 2.5%, reflecting a 2.7% increase across the front-end and a 2.4% uptick across pharmacy, for the first quarter ended June 2.

CAMP HILL, Pa. — Rite Aid maintained its same-store sales momentum, posting gains across front-end and pharmacy comparable sales for the sixth consecutive quarter: Overall same-store sales were up 2.5%, reflecting a 2.7% increase across the front-end and a 2.4% uptick across pharmacy, for the first quarter ended June 2. Comparable prescriptions filled were up 3%, much of that from prescriptions coming out of the Walgreens-Express Scripts dispute (patients that Rite Aid plans on keeping), but that isn't the only reason Rite Aid's pharmacy business is on the rise.

June 18, 2012

One area in which independent pharmacies always had the chains beat was in service — that is, if you believe any of those pesky consumer surveys.

WHAT IT MEANS AND WHY IT'S IMPORTANT — One area in which independent pharmacies always had the chains beat was in service — that is, if you believe any of those pesky consumer surveys.

(THE NEWS: White paper: Independent pharmacist recommendations drive sharper growth across certain OTCs. For the full story, click here)

June 8, 2012

Miss America 2012 Laura Kaeppler was on hand at the Rite Aid store in New York's Grand Central Terminal Friday to accept a check from the retail pharmacy chain for the Children's Miracle Network.

NEW YORK — Miss America 2012 Laura Kaeppler was on hand at the Rite Aid store in New York's Grand Central Terminal Friday to accept a check from the retail pharmacy chain for the Children's Miracle Network.

Rite Aid's New York stores raised $348,880 for the Steven and Alexandra Cohen Children's Medical Center of New York through a Miracle Balloon campaign, including $7,000 raised by the Grand Central store. Rite Aid has been raising money for the organization since 1994.

June 7, 2012

Rite Aid's same-store sales increased by 1.1% in May, a lower-than-expected increase that may be due to underlying economic and industry factors.

CAMP HILL, Pa. — Rite Aid's same-store sales increased by 1.1% in May, a lower-than-expected increase that may be due to underlying economic and industry factors.

The results for the five weeks ended June 2 included a 1.3% increase in front-end comps and a 1% increase in pharmacy sales over May 2011. Same-store prescription count increased 2.6%. Total drug store sales for the period increased 0.3% to nearly $2.5 billion, compared with $2.45 billion in May 2011.

June 6, 2012

Retail pharmacy chain Rite Aid is promoting healthy skin care as part of a partnership with the Skin Cancer Foundation, the retailer said Wednesday.

CAMP HILL, Pa. — Retail pharmacy chain Rite Aid is promoting healthy skin care as part of a partnership with the Skin Cancer Foundation, the retailer said Wednesday.

The new campaign offers free skin care guides in stores and online, expert advice from pharmacists and continued support for the fifth annual Road to Healthy Skin Tour, also offered under a collaboration with the foundation. The tour, launched in March, is visiting more than 50 Rite Aid stores around the country and offering free, full-body skin cancer screenings.

May 29, 2012

Rite Aid has appointed president and CEO John Standley as chairman, the retail pharmacy chain said Friday.

CAMP HILL, Pa. — Rite Aid has appointed president and CEO John Standley as chairman, the retail pharmacy chain said Friday.

Rite Aid announced that its board of directors had elected Standley to replace current chairman Mary Sammons, effective June 21. Sammons has served as chairman since June 2007 and plans to step down at the company's annual stockholder meeting.

May 29, 2012

Rite Aid is expanding the range of vaccines that customers can get at its stores in West Virginia following rules recently enacted by state regulators, the retail pharmacy chain said Tuesday.

CAMP HILL, Pa. — Rite Aid is expanding the range of vaccines that customers can get at its stores in West Virginia following rules recently enacted by state regulators, the retail pharmacy chain said Tuesday.

Under the new regulations adopted by the state pharmacy, medicine and osteopathy boards, pharmacists now can vaccinate adult patients against hepatitis A, hepatitis B, tetanus, diphtheria, whooping cough, shingles, flu and pneumonia.

May 15, 2012

Rite Aid has closed an offering of new debt from which it plans to generate funding for a buyback of older debt, the retailer said Tuesday.

CAMP HILL, Pa. — Rite Aid has closed an offering of new debt from which it plans to generate funding for a buyback of older debt, the retailer said Tuesday.

Rite Aid announced the closing of its offering of $421 million in senior notes with a 9.25% interest rate and due in 2020. The company plans to use money from the offering to buy back 9.375% senior notes due 2015. As of Monday night, $296.3 million worth of the old notes had been put up for sale.

May 14, 2012

Consumers gravitate toward traditional pharmacies for their everyday health-and-wellness needs, according to the "2012 Harris Poll EquiTrend" survey released Monday.

NEW YORK — Consumers gravitate toward traditional pharmacies for their everyday health-and-wellness needs, according to the "2012 Harris Poll EquiTrend" survey released Monday. Among retail pharmacy operations, Walgreens enjoyed the greatest brand equity among consumers based on top consumer scores in "familiarity" and "purchase consideration" categories. Overall, Walgreens' brand equity was tabulated at 69.9, CVS/pharmacy came in at 67.4 and Rite Aid 62.5.

May 14, 2012

Rite Aid category manager Paul Margeson has resigned, a company spokeswoman said.

CAMP HILL, Pa. — Rite Aid category manager Paul Margeson has resigned, a company spokeswoman said.

Rumors surfaced last week that Margeson, who managed the pain care, gastrointestinal, smoking-cessation and upper-respiratory categories for the Camp Hill, Pa.-based retail pharmacy chain, had resigned.

"We thank him for his contributions to the company," Rite Aid spokeswoman Ashley Flower told Drug Store News, adding that the company intends to fill the position.

May 10, 2012

A new campaign by Rite Aid is targeting nail polish customers.

CAMP HILL, Pa. — A new campaign by Rite Aid is targeting nail polish customers.

The Camp Hill, Pa.-based retail pharmacy chain announced Thursday that it had launched the seven-week "Nail Extravaganza" campaign to engage beauty shoppers around the trend of using multiple nail polish shades.

May 9, 2012

The Skin Cancer Foundation's Road to Healthy Skin Tour, presented by Aveeno and Rite Aid, once again is touring the country to raise skin cancer awareness.

SKILLMAN, N.J. — The Skin Cancer Foundation's Road to Healthy Skin Tour, presented by Aveeno and Rite Aid, once again is touring the country to raise skin cancer awareness.

This year, the Aveeno brand is hitting the road in the tour's customized RV to make an estimated 85 stops in 27 states from March through September. It will provide free full-body skin cancer screenings, samples of Aveeno products and educational materials.

May 3, 2012

Rite Aid will be among the industry sponsors of a benefit for women's cancer research, the retail pharmacy chain said Thursday.

CAMP HILL, Pa. — Rite Aid will be among the industry sponsors of a benefit for women's cancer research, the retail pharmacy chain said Thursday.

Rite Aid announced that it would field run-walk teams for the Entertainment Industry Foundation Revlon Run/Walk for Women events in New York and Los Angeles, while Revlon will donate $25,000 in Rite Aid beauty product sales. The retailer also will offer Revlon coupons online and will sell exclusive nail polish shades.

May 3, 2012

Rite Aid reported a 2.9% increase in same-store sales for the month of April, the company said in a monthly sales report Thursday.

CAMP HILL, Pa. — Rite Aid reported a 2.9% increase in same-store sales for the month of April, the company said in a monthly sales report Thursday.

The boost included a 2.7% increase in front-end comps and a 3% increase in pharmacy comps, as well as a 3.8% increase in script count. Total drug store sales for the period, which ended Saturday, were nearly $2 billion, a 2.5% increase over the $1.95 billion reported in April 2011.

April 23, 2012

The National Association of Chain Drug Stores has elected new officers for the coming year.

PALM BEACH, Fla. — The National Association of Chain Drug Stores has elected new officers for the coming year.

For the 2012-2013 term, NACDS chairman Bob Loeffler, who also serves as chief administrative officer of H-E-B, will be succeeded by Walgreens president and CEO Greg Wasson. Thrifty White Pharmacy president and CEO Bob Narveson was elected as vice chairman, while Rite Aid president and CEO John Standley was appointed as treasurer, as well as a member of NACDS' executive committee. Wasson, Narveson and Standley will serve one-year terms.

April 20, 2012

The Jean Coutu Group has sold 56 million of its approximately 234.4 million shares in Rite Aid, the company said Friday.

LONGUEUIL, Quebec -- The Jean Coutu Group has sold 56 million of its approximately 234.4 million shares in Rite Aid, the company said Friday.

The Canadian retailing group said the $83.6 million, $1.51-per-share sale, which amounts to a nearly 24% reduction in the number of Rite Aid shares the company owns, would reduce its stake in Camp Hill, Pa.-based Rite Aid to 19.85%. The Jean Coutu group still owns about 178.4 million shares in the 4,667-store chain.