Content about Rite Aid

March 1, 2011

Rite Aid has regained compliance with the New York Stock Exchange’s share price-listing requirements, the retail pharmacy chain said Tuesday.

CAMP HILL, Pa. — Rite Aid has regained compliance with the New York Stock Exchange’s share price-listing requirements, the retail pharmacy chain said Tuesday.

The 4,700-store chain regained compliance after its closing share price and average closing share price for the 30 days ended Monday were both above $1.

Companies that trade on the exchange are threatened with delisting if the average closing price of their shares falls below $1 over a consecutive 30-day trading period.

February 28, 2011

The flu may drive consumers to bed, but drug store sales are expected to benefit from an increase in flu activity, according to a Credit Suisse research note.

NEW YORK — The flu may drive consumers to bed, but drug store sales are expected to benefit from an increase in flu activity, according to a Credit Suisse research note.

Credit Suisse research analyst Edward Kelly on Monday noted that as Walgreens and Rite Aid would report their monthly sales on March 3, comparable pharmacy sales would be driven by increased flu activity.

February 22, 2011

Rite Aid has expanded its free prescription delivery service to more than 400 stores in the New York metropolitan area, the retail pharmacy chain announced Monday.

CAMP HILL, Pa. — Rite Aid has expanded its free prescription delivery service to more than 400 stores in the New York metropolitan area, the retail pharmacy chain announced Monday.

The service allows patients to receive their medications between 10 a.m. and 7 p.m., though they must wait until the next day if they send their prescriptions after 11 a.m., and some limitations apply, such as for medications that require refrigeration.

February 22, 2011

The Skin Cancer Foundation's Road to Healthy Skin Tour, presented by Aveeno and Rite Aid, hits the road once again in March, providing free full-body skin cancer screenings and informing the public on the latest skin cancer information.

NEW YORK — The Skin Cancer Foundation's Road to Healthy Skin Tour, presented by Aveeno and Rite Aid, hits the road once again in March, providing free full-body skin cancer screenings and informing the public on the latest skin cancer information.

February 15, 2011

Customer satisfaction as measured by the American Customer Satisfaction Index has not improved since the middle of 2009, and on Tuesday it registered its biggest drop in two years; for fourth quarter 2010, the index fell 0.5% to 75.3.

ANN ARBOR, Mich. — Customer satisfaction as measured by the American Customer Satisfaction Index has not improved since the middle of 2009, and on Tuesday it registered its biggest drop in two years; for fourth quarter 2010, the index fell 0.5% to 75.3.

February 11, 2011

Responding to reports of a shingles vaccine shortage, Rite Aid is assuring customers that nearly 1,900 of its pharmacies have an ample supply.

CAMP HILL, Pa. — Responding to reports of a shingles vaccine shortage, Rite Aid is assuring customers that nearly 1,900 of its pharmacies have an ample supply.

Rite Aid noted that it can provide vaccinations against the nerve disease in 27-of-the-31 states where its stores are located, and in most of the states where Rite Aid operates, pharmacists can administer the vaccine to walk-in patients ages 60 years and older.

February 10, 2011

Rite Aid raised $4.9 million for the Children’s Miracle Network last year, the retail pharmacy chain said Thursday.

CAMP HILL, Pa. — Rite Aid raised $4.9 million for the Children’s Miracle Network last year, the retail pharmacy chain said Thursday.

February 8, 2011

With many businesses implementing customers reward programs to drive sales, it seems that the ones that promise everyday value and rewards fare better than their counterparts, according to new research.

CHICAGO — With many businesses implementing customer reward programs to drive sales, it seems that the ones that promise everyday value and rewards fare better than their counterparts, according to new research.

The Recommendation Index, conducted by marketing agency Zocalo Group and M/A/R/C Research, analyzed 1,000 reward program participants, who were asked about brands they most often positively and negatively recommended, and the attributes they used to make their recommendations.

February 7, 2011

Henkel's Got2b hair care brand is bringing to the U.S. market its Powder'ful volumizing styling powder.

DUSSELDORF, Germany — Henkel's Got2b hair care brand is bringing to the U.S. market its Powder'ful volumizing styling powder.

The Got2b Powder'ful volumizing styling powder is formulated with virtually weightless microparticles designed to help texturize the hair's surface, giving hair root lift in 10 seconds. Shake the powder onto dry hair to give hair an immediate volume boost.

The product will be available in March at Walgreens, CVS, Rite Aid, Ulta and Meijer locations for $5.99.

February 7, 2011

According to the National Retail Federation, the average person will spend more than $116 on Valentine’s Day, and shoppers will spend 11% more at flower shops, candy stores and retailers this year than last year.

CAMP HILL, Pa. — According to the National Retail Federation, the average person will spend more than $116 on Valentine’s Day, and shoppers will spend 11% more at flower shops, candy stores and retailers this year than last year.

Retail pharmacy chain Rite Aid said Monday it would be ready to sell chocolates, stuffed animals, trinkets and cards to last-minute shoppers.

These include Valentine’s Day cards for students and such novelty gifts as key chains, Lotto for Lovers scratch cards and bags of chocolate hearts for less than $1.

February 1, 2011

CAMP HILL, Pa. — Tony Montini returned to Rite Aid just in time to help leverage what is becoming a very powerful Wellness+ loyalty card program that has cracked the code for the chain in terms of tying the front-end to the back bench by way of the patient. 


And while Montini returns to the retail ranks as SVP category management, he is well-prepared to make Wellness+ work gangbusters with the supplier community. His background is in corporate marketing with advertising agency Marc USA, where he was EVP and COO. 


February 1, 2011

SALT LAKE CITY — “Biggest Loser” trainer Jillian Michaels continues to dominate flab on the small screen and at the diet shelf, too. Last month’s NBC mid-season premier captured 9 million viewers, up 14% from its previous season end, according to published reports. And Jillian Michaels diet aids garnered $20.8 million, up 273.7%, for the 52 weeks ended Dec. 26, 2010, according to SymphonyIRI Group data across food, drug and mass (excluding Walmart).


January 27, 2011

Rite Aid on Thursday morning posted a same-store sales increase of 1.1% for the four weeks ended Jan. 22, including a 2.2% lift across the front-end and growth of 0.6% in pharmacy comparable sales.

CAMP HILL, Pa. — Rite Aid on Thursday morning posted a same-store sales increase of 1.1% for the four weeks ended Jan. 22, including a 2.2% lift across the front-end and growth of 0.6% in pharmacy comparable sales.

Prescription count at comparable stores was flat compared with the prior-year period.

Total drug store sales were $1.9 billion, which is flat as compared with the same period last year. Prescription revenue accounted for 69.1% of drug store sales, and third-party prescription revenue represented 93.3% of pharmacy sales.

January 26, 2011

The Motley Fool on Tuesday suggested all three national pureplay drug chains were in a better position today than five and three years ago based on a metric called the “cash king margin.”

NEW YORK — The Motley Fool on Tuesday suggested all three national pureplay drug chains were in a better position today than five and three years ago based on a metric called the “cash king margin.”

January 24, 2011

Rite Aid on Monday introduced its annual national education and prevention campaign against heart disease in observation of American Heart Month in February.

CAMP HILL, Pa. — Rite Aid on Monday introduced its annual national education and prevention campaign against heart disease in observation of American Heart Month in February.

January 24, 2011

Rite Aid on Monday sweetened the pot for those loyalty card members braving the cold and visiting the pharmacy in February.

CAMP HILL, Pa. — Rite Aid on Monday sweetened the pot for those loyalty card members braving the cold and visiting the pharmacy in February.

With the purchase of $100 or more of specially marked products throughout the store, Rite Aid’s Wellness+ cardholders can earn a $20 +Up Reward, and at the same time be automatically entered into a sweepstakes featuring more than $100,000 in prizes, as part of Rite Aid's new Winter Rewards Program through Feb. 26.

January 4, 2011

Rite Aid brought the New Year in with a bang, recording monthly same-store sales increases across both the front end and back bench for the first time in almost two years.

CAMP HILL, Pa. — Rite Aid brought the New Year in with a bang, recording monthly same-store sales increases across both the front end and back bench for the first time in almost two years.

January 4, 2011

Rite Aid on Tuesday announced its partnership with BL Body, a collection of shape wear exclusively available in Rite Aid stores, on a sweepstakes with a first prize trip for two to the location of the reality program “The Biggest Loser.”

CAMP HILL, Pa. — Rite Aid on Tuesday announced its partnership with BL Body, a collection of shape wear available exclusively in Rite Aid stores, on a sweepstakes with a first prize trip for two to the location of the reality program “The Biggest Loser.”

Rite Aid is taking sweepstake entries through Jan. 22 for the $4,000-grand prize. Second prize is a year's membership for two to the Biggest Loser Club online weight-loss program, a $479 value.

January 3, 2011

Credit Suisse analysts on Monday projected strong front-end sales and improved pharmacy comparisons for December.

NEW YORK — Credit Suisse analysts on Monday projected strong front-end sales and improved pharmacy comparisons for December.

“Industry front-end sales growth will accelerate in December on easier comparisons and increased promotional activity,” Credit Suisse research analyst Edward Kelly noted. “Sales last year were negatively impacted by low levels of seasonal inventory (especially at Walgreens) and unusually soft flu activity after an early start to the season,” he added.

January 3, 2011

Rite Aid last week sweetened the pot associated with its loyalty card.

CAMP HILL, Pa. — Rite Aid last week sweetened the pot associated with its loyalty card.

Rite Aid customers who use their Wellness+ card between Dec. 28, 2010, and Jan. 22 will be entered into a sweepstakes for a chance to win a dream vacation, fitness equipment, personal electronics and more as part of a new reward program created by Rite Aid called Resolution Rewards.

December 23, 2010

Rite Aid stock is expected to make the biggest stock-price recovery in 2011, according to a poll of TheStreet readers.

NEW YORK — Rite Aid stock is expected to make the biggest stock-price recovery in 2011, according to a poll of TheStreet readers.

According to the poll, published Thursday morning on TheStreet.com, 28.2% of voters believe the drug store will experience the largest rally of the most depressed stocks of 2010. This in spite of the fact that Rite Aid earlier this week restated year-end projections following an underperforming quarter.

December 17, 2010

Rite Aid is a glass-half-full/glass-half-empty kind of company. If your glass is half full, you’re looking at the sequential improvements in pharmacy margins and front-end comps, and the excitement around the chain’s still-new Wellness+ loyalty program. If your glass is half empty, you’re making note of the seven straight quarters of script declines and the fact that Rite Aid had to lower sales projections … again. Our glass is half full.

WHAT IT MEANS AND WHY IT’S IMPORTANT — Rite Aid is a glass-half-full/glass-half-empty kind of company. If your glass is half full, you’re looking at the sequential improvements in pharmacy margins and front-end comps, and the excitement around the chain’s still-new Wellness+ loyalty program. If your glass is half empty, you’re making note of the seven straight quarters of script declines and the fact that Rite Aid had to lower sales projections … again. Our glass is half full.

December 17, 2010

Millennium Pharmacy Systems on Friday announced the appointment of Phil Keough as EVP and COO.

CHICAGO — Millennium Pharmacy Systems on Friday announced the appointment of Phil Keough as EVP and COO.

"Millennium's innovative and cost-effective medication management approach offers critically needed solutions to the long-term care market,” Keough said. “By eliminating drug waste, enhancing administrative processes and improving patient safety, Millennium is changing the face of pharmacy solutions in the marketplace.”

December 16, 2010

What Rite Aid might wish for Christmas is accelerated results borne from its Wellness+ loyalty card program, because even as the chain lowered its guidance for fiscal 2011 sales, it’s that differentiated loyalty program that executives believe is going to buttress sales next year and beyond.

CAMP HILL, Pa. — What Rite Aid might wish for Christmas is accelerated results borne from its Wellness+ loyalty card program, because even as the chain lowered its guidance for fiscal 2011 sales, it’s that differentiated loyalty program that executives believe is going to buttress sales next year and beyond.

December 14, 2010

Rite Aid recently was awarded Advertising Age’s Media Vanguard Award in the category “Best Use of Online Video for Customer Service” for its "Giving Care for Parents" original online video series.

NEW YORK — Rite Aid recently was awarded Advertising Age’s Media Vanguard Award in the category “Best Use of Online Video for Customer Service” for its "Giving Care for Parents" original online video series.

Working with Fox Learning Systems, Rite Aid created a comprehensive library of online videos that offered advice and guidance on specific health issues, including dementia, diabetes, cancer and injuries due to falls, in similar tone and production quality to TV news show health segments, AdAge reported.