Content about Rite Aid

February 27, 2012

Rite Aid has closed a bond offering that it issued earlier this month to refinance its debt, the company said Monday.

CAMP HILL, Pa. — Rite Aid has closed a bond offering that it issued earlier this month to refinance its debt, the company said Monday.

Rite Aid said the proceeds of its offering of $481 million in 9.25% senior notes due 2020 would be used to buy back its 8.625% senior notes due 2015.

The retail pharmacy chain announced the offering on Feb. 14. The offering marked the first time that the company was able to tap the unsecured debt market in five years. Rite Aid has carried a heavy debt burden since its 2007 acquisition of the Brooks and Eckerd pharmacy chains.

February 21, 2012

While Walmart maintained the No. 1 position on Interbrand's "U.S. Most Valuable Retail Brands" list for 2012, several other retailers are moving up the ranks.

DAYTON, Ohio — While Walmart maintained the No. 1 position on Interbrand's "U.S. Most Valuable Retail Brands" list for 2012, several other retailers are moving up the ranks.

Although Walmart touts a value that's more than $139 billion, this year also marked a 2% decrease for the big box retailer, Interbrand said. Second on this year's list was Target, which holds a value of $23 billion, a 1% increase over last year.

February 17, 2012

Retailers have always been about enhancing the shopping experience, but there are two factors this year that really should underscore the importance in that customer focus. Differentiating a retail shopping trip by experience is a lot friendlier to the margins because a shopper willing to trade on shopping experience also is willing to spend a little more. And with the proliferation of social media and apps for smartphones and tablets, there has never been a more efficient means to target a message to a shopper who is physically in the aisles and making a purchase decision than today.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Retailers have always been about enhancing the shopping experience, but there are two factors this year that really should underscore the importance in that customer focus. Differentiating a retail shopping trip by experience is a lot friendlier to the margins because a shopper willing to trade on shopping experience also is willing to spend a little more.

February 14, 2012

Rite Aid is offering $481 million in eight-year senior notes to refinance debt that is scheduled to be due in three years, the retail pharmacy chain said Tuesday.

CAMP HILL, Pa. — Rite Aid is offering $481 million in eight-year senior notes to refinance debt that is scheduled to be due in three years, the retail pharmacy chain said Tuesday.

Rite Aid said it would use money from the offering to pay interest and other expenses related to a tender offer announced Tuesday for all outstanding 8.625% senior notes due 2015. The price includes the $459 million principal plus a 2.625% premium. The new notes are being offered at a 9.25% interest rate.

February 9, 2012

A retail pharmacy chain's efforts to immunize customers have won recognition from an organization of the country's pharmacists.

CAMP HILL, Pa. — A retail pharmacy chain's efforts to immunize customers have won recognition from an organization of the country's pharmacists.

Rite Aid won the American Pharmacists Association's Immunization Champion Award in the national corporation and institution category, the chain said Thursday.

February 2, 2012

Rite Aid's comps increased 2.2% for the month of January, compared with January 2011, the company said Thursday.

CAMP HILL, Pa. — Rite Aid's comps increased 2.2% for the month of January, compared with January 2011, the company said Thursday.

Announcing results of the four-week period that ended Saturday, the retail pharmacy chain said January front-end comps increased 2.7%, while pharmacy comps increased 2.1%, including a negative effect of 230 basis points from new generic introductions. Prescription count at comparable stores increased by 1.6%.

February 1, 2012

Rite Aid is marking American Heart Month with a campaign that offers blood-pressure screenings, online tools and hearth health guides for free, the company said Wednesday.

CAMP HILL, Pa. — Rite Aid is marking American Heart Month with a campaign that offers blood-pressure screenings, online tools and hearth health guides for free, the company said Wednesday.

Through Feb. 29, customers can buy a paper red dress for $1 that they can sign, dedicate and pin to store walls to help promote awareness of women's heart health.

January 30, 2012

Rite Aid is stocking up on items related to Valentine's Day to help customers celebrate the holiday, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Rite Aid is stocking up on items related to Valentine's Day to help customers celebrate the holiday, the retail pharmacy chain said Monday.

January 24, 2012

Jane Carter Solution has announced the newest addition to its line of all-natural hair care products — the Natural & Curly Hair Essentials kit.

NEW YORK — Jane Carter Solution has announced the newest addition to its line of all-natural hair care products — the Natural & Curly Hair Essentials kit.

The Jane Carter Solution Natural & Curly Hair Essentials kit is available at Target and Rite Aid. It retails for $19.95 (a $30 value) and contains the line’s six essentials:

January 20, 2012

As more of Walgreens' store base is transformed into its Wellness Experience format, the less it becomes an underdog in its hardline stance against Express Scripts.

WHAT IT MEANS AND WHY IT'S IMPORTANT — As more of Walgreens' store base is transformed into its Wellness Experience format, the less it becomes an underdog in its hardline stance against Express Scripts. Perhaps that was why the former Indianapolis Colts strategist Tony Dungy — the first NFL coach to record a win against all 32 NFL teams — was on hand to announce the new store openings.

January 18, 2012

A wide range of factors and "moving parts" will likely make 2012 a challenging year for pharmacy retailers as the economy, generic drugs and the dispute between Walgreens and Express Scripts figure prominently, analysts say.

NEW YORK — A wide range of factors and "moving parts" will likely make 2012 a challenging year for pharmacy retailers as the economy, generic drugs and the dispute between Walgreens and Express Scripts figure prominently, analysts say.

Still, they say, various factors may serve to benefit drug stores and other retailers that operate pharmacies.

January 18, 2012

A charity for 9/11 victims and their families and victims of terrorism worldwide got a big check from retail pharmacy chain Rite Aid at an event in New York's Grand Central Terminal Wednesday morning.

NEW YORK — A charity for 9/11 victims and their families and victims of terrorism worldwide got a big check from retail pharmacy chain Rite Aid at an event in New York's Grand Central Terminal Wednesday morning.

Rite Aid presented a $15,000 check to Tuesday's Children at its store in the train station, with Rite Aid regional VP Paul Perinetti and Tuesday's Children executive director Terry Sears in attendance. The money came from a two-day event in October in which the retailer delivered flu shots to commuters at the station.

January 9, 2012

Rite Aid has hired Wendy Barnes as group VP managed care, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Rite Aid has hired Wendy Barnes as group VP managed care, the retail pharmacy chain said Monday.

Reporting to SVP pharmacy services Chris Hall, Barnes will be responsible for all aspects of managed care, including contracting; relationships with managed care organizations, pharmacy benefit managers and third-party payers; and developing new strategic partnerships.

January 5, 2012

Rite Aid's same-store sales increased 3.6% in December 2011, compared with December 2010, the company said Thursday.

CAMP HILL, Pa. — Rite Aid's same-store sales increased 3.6% in December 2011, compared with December 2010, the company said Thursday.

Front-end same-store sales increased by 0.7%, while pharmacy same-store sales increased by 5.2% and prescription count at comparable stores increased 3.2%. Total store sales increased by 3.3% to $2.6 billion, compared with December 2010's nearly $2.6 billion.

January 4, 2012

Americans make hundreds of millions of New Year's resolutions every year, following some to the letter and ignoring others. Health-related resolutions are among the most common, giving pharmacy retailers a way to pitch in and help.

CAMP HILL, Pa. — Americans make hundreds of millions of New Year's resolutions every year, following some to the letter and ignoring others. Health-related resolutions are among the most common, giving pharmacy retailers a way to pitch in and help.

January 3, 2012

Retailers will report weak December front-end sales growth across the drug channel as continued inflation likely was offset by the slow start to the flu season and disappointing overall traffic and volume growth, Credit Suisse research analyst Ed Kelly suggested in a note published Tuesday.

NEW YORK — Retailers will report weak December front-end sales growth across the drug channel as continued inflation likely was offset by the slow start to the flu season and disappointing overall traffic and volume growth, Credit Suisse research analyst Ed Kelly suggested in a note published Tuesday.

"While drug stores have been fairly successful passing through product cost inflation at the shelf, our Nielsen Trend Tracker shows that volumes have decelerated in recent months given the weak consumer and normal price elasticity," he wrote.

December 23, 2011

Rather than take off for Christmas, the editors of Drug Store News took a look at the year ahead and the stories, issues and trends that will make headlines in retail pharmacy in 2012.

Rather than take off for Christmas, the editors of Drug Store News took a look at the year ahead and the stories, issues and trends that will make headlines in retail pharmacy in 2012.

December 21, 2011

Rite Aid is planning to roll out 3-D holographic display kiosks in its stores next year, according to the kiosks' manufacturer.

CHATSWORTH, Calif. — Rite Aid is planning to roll out 3-D holographic display kiosks in its stores next year, according to the kiosks' manufacturer.

In a letter to shareholders, Provision Interactive Technologies president and CEO Curt Thornton wrote that it would place its 3-D Reward Centers in Rite Aid stores, starting with 200 stores and, according to the agreement between the two companies, eventually installing the kiosks in up to 4,800 stores. Rite Aid currently has 4,679 stores.

December 16, 2011

In an effort to help shoppers find last-minute deals and gifts, Rite Aid announced that more than 4,500 of its stores will be open daily from 8 a.m. to 11 p.m. through Dec. 23.

CAMP HILL, Pa. — In an effort to help shoppers find last-minute deals and gifts, Rite Aid announced that more than 4,500 of its stores will be open daily from 8 a.m. to 11 p.m. through Dec. 23.

In addition to the extensive hours, the company also said that many of its locations will be open Christmas Eve and Christmas Day.

Consumers are encourage to visit RiteAid.com/stores for local store hours, including 24-hour locations.

December 16, 2011

During the question-and-answer session of Rite Aid’s third-quarter earnings call, president and CEO John Standley responded to a question about the Wellness+ loyalty card program by saying, “We continue to try and evolve and grow the program. We’re obviously learning a lot as we go.”

December 15, 2011

Rite Aid experienced stronger sales in third quarter 2012 as it expanded its Wellness+ loyalty card program and saw continued growth in flu immunizations and the Wellness store format, the company said Thursday.

CAMP HILL, Pa. — Rite Aid experienced stronger sales in third quarter 2012 as it expanded its Wellness+ loyalty card program and saw continued growth in flu immunizations and the Wellness store format, the company said Thursday.

December 13, 2011

Calling it a first for the drug store industry, Rite Aid will roll out an online coupon management tool for members of its Wellness+ loyalty card program, the retail pharmacy chain said Tuesday.

CAMP HILL, Pa. — Calling it a first for the drug store industry, Rite Aid will roll out an online coupon management tool for members of its Wellness+ loyalty card program, the retail pharmacy chain said Tuesday.

December 6, 2011

Rite Aid Facebook fans are getting an early shot at coupons for gifts and stocking stuffers as part of a new promotion announced Monday.

CAMP HILL, Pa. — Rite Aid Facebook fans are getting an early shot at coupons for gifts and stocking stuffers as part of a new promotion announced Monday.

Rite Aid launched its "25 Deals of Christmas" promotion, which will allow visitors to a special tab on Rite Aid's Facebook page to download coupons for such items as beauty items, men's grooming gift sets, electronics and toys. The promotion started Monday and lasts until Dec. 23.

December 5, 2011

Rite Aid is responding to a flu vaccination campaign by the Centers for Disease Control and Prevention by lowering prices on flu vaccinations, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Rite Aid is responding to a flu vaccination campaign by the Centers for Disease Control and Prevention by lowering prices on flu vaccinations, the retail pharmacy chain said Monday.

To mark National Influenza Vaccination Week, the retailer is offering flu shots for $19.99 through Dec. 17.

December 5, 2011

The combined store count of the county's largest dollar store chains outnumbers that of the largest retail pharmacy chains as continued economic difficulties drive the channel's growth, according to a new study released Monday by Colliers International.

SEATTLE — The combined store count of the county's largest dollar store chains outnumbers that of the largest retail pharmacy chains as continued economic difficulties drive the channel's growth, according to a new study released Monday by Colliers International.