Content about Rite Aid

October 8, 2013

Rite Aid is renewing its contract with e-sourcing firm Intesource, the Phoenix-based e-sourcing company said Tuesday.

PHOENIX — Rite Aid is renewing its contract with e-sourcing firm Intesource, the Phoenix-based e-sourcing company said Tuesday.

Rite Aid's contract with Intesource dates back to 2009, and the Camp Hill, Pa.-based chain has used it to tackle complex and strategic categories, ranging from print advertising to snow plowing services. E-sourcing refers to using an online portal to attract bids from suppliers of products and services.

October 4, 2013

A private equity firm that is a major Rite Aid shareholder has exchanged its preferred stocks for common stock, according to a regulatory filing.

CAMP HILL, Pa. – A private equity firm that is a major Rite Aid shareholder has exchanged its preferred stocks for common stock, according to a regulatory filing.

October 4, 2013

The National Association of Chain Drug Stores is taking to the airwaves to emphasize the role its members play in disseminating information about the Patient Protection and Affordable Care Act and the health insurance exchanges, which officially opened on Tuesday. NACDS president and CEO Steve Anderson appeared on Bloomberg TV's "Surveillance" Tuesday morning to talk about what pharmacies are doing for healthcare delivery.

The NACDS and National Community Pharmacists Association have long touted retail pharmacies as the most accessible centers for health and wellness, and pharmacists as the face of neighborhood health care. That role is especially important given widespread ignorance among the public about the Affordable Care Act and the exchanges.

The National Association of Chain Drug Stores is taking to the airwaves to emphasize the role its members play in disseminating information about the Patient Protection and Affordable Care Act and the health insurance exchanges, which officially opened on Tuesday. NACDS president and CEO Steve Anderson appeared on Bloomberg TV's "Surveillance" Tuesday morning to talk about what pharmacies are doing for healthcare delivery.

October 3, 2013

Rite Aid's same-store sales increased last month despite being offset by slightly lower front-end same-store sales and new generic drug introductions, the retail pharmacy chain said Thursday.

CAMP HILL, Pa. — Rite Aid's same-store sales increased last month despite being offset by slightly lower front-end same-store sales and new generic drug introductions, the retail pharmacy chain said Thursday.

During the four-week period that ended Saturday, same-store sales increased 1.9% compared with September 2012. The increase included a 0.5% decrease in front-end comps and a 3.1% increase in pharmacy comps, offset by 1% due to new generics. Same-store prescription count increased by 0.9%.

October 1, 2013

Customers at Rite Aid have a chance to win $2,500 in gift cards in a contest that celebrates American Pharmacists Month in October.

CAMP HILL, Pa. — Customers at Rite Aid have a chance to win $2,500 in gift cards in a contest that celebrates American Pharmacists Month in October.

October 1, 2013

Rite Aid will help elderly people and their caregivers prepare for the annual Medicare Part D enrollment starting in two weeks, the drug store chain said Tuesday.

CAMP HILL, Pa. — Rite Aid will help elderly people and their caregivers prepare for the annual Medicare Part D enrollment starting in two weeks, the drug store chain said Tuesday.

Rite Aid said its stores around the country would offer Medicare Advisor to help Medicare beneficiaries and caregivers find the plan that suits them best starting on Oct. 15.

October 1, 2013

Health insurer WellPoint said Tuesday that most of its affiliated Medicare drug plans and medical plans with drug coverage will participate in a preferred pharmacy network that includes Rite Aid, Kroger and Walmart pharmacies.

INDIANAPOLIS — Health insurer WellPoint said Tuesday that most of its affiliated Medicare drug plans and medical plans with drug coverage will participate in a preferred pharmacy network that includes Rite Aid, Kroger and Walmart pharmacies.

Together, WellPoint said, members had access to more than 11,000 locations around the country. The preferred pharmacy network is part of all of WellPoint's affiliated Part D standalone prescription drug plans and most of its Medicare Advantage Prescription Drug Plans.

September 26, 2013

The largest mobile health initiative for pregnant mothers and their babies has named Rite Aid its first national retail partner, the drug store chain said Thursday.

CAMP HILL, Pa. — The largest mobile health initiative for pregnant mothers and their babies has named Rite Aid its first national retail partner, the drug store chain said Thursday.

September 23, 2013

Rite Aid reported its second quarter 2014 earnings Thursday, posting its fourth-consecutive profitable quarter, its passing the 1,000 mark in the number of stores it has converted to the Wellness format and more than 930,000 members of Wellness65+, the latest extension to its Wellness+ loyalty care program, aimed at seniors.

In other words, the country's third-largest drug store chain has once again shown it's on a roll. In light of the latest earnings, the company raised its guidance for fiscal year 2014, expecting a profit of between $182 million and $268 million.

Rite Aid reported its second quarter 2014 earnings Thursday, posting its fourth-consecutive profitable quarter, its passing the 1,000 mark in the number of stores it has converted to the Wellness format and more than 930,000 members of Wellness65+, the latest extension to its Wellness+ loyalty care program, aimed at seniors.

September 19, 2013

Rite Aid posted its fourth-consecutive profitable quarter Thursday as it reached a milestone in its store conversions and saw growth in the latest expansion to its loyalty program.

CAMP HILL, Pa. — Rite Aid posted its fourth-consecutive profitable quarter Thursday as it reached a milestone in its store conversions and saw growth in the latest expansion to its loyalty program.

September 18, 2013

Publix Pharmacy is North America’s favorite based on customer satisfaction, according to a new study released Wednesday of 3,600 consumers conducted by Market Force Information.

BOULDER, Colo. — Publix Pharmacy is North America’s favorite based on customer satisfaction, according to a new study released Wednesday of 3,600 consumers conducted by Market Force Information. Though Walgreens and CVS/pharmacy ranked the highest when those consumers were asked to name their pharmacy chain, with 18% identifying Walgreens and 17% CVS.  

September 17, 2013

Many seniors mistakenly think that health insurance exchanges will replace Medicare, according to a new survey, which attributes much of the confusion to "conflicting chatter" about the Patient Protection and Affordable Care Act, also known as Obamacare.

ST. LOUIS — Many seniors mistakenly think that health insurance exchanges will replace Medicare, according to a new survey, which attributes much of the confusion to "conflicting chatter" about the Patient Protection and Affordable Care Act, also known as Obamacare.

The survey, conducted in August by pharmacy benefit manager Express Scripts and titled 50 States of Confusion, comes as the OCT. 1, launch of the exchanges draws near. It included 1,101 seniors currently enrolled in a Medicare plan or who would be eligible for one within 12 months.

September 13, 2013

The Department of Health and Human Services is setting aside $5.3 million to expand health information technology — particularly telehealth — in rural areas in order to improve mental health services for veterans.

Telehealth represents one of the best ways to expand healthcare services to underserved areas while also lowering costs by expanding the area a health professional can cover from a single location.

The Department of Health and Human Services is setting aside $5.3 million to expand health information technology — particularly telehealth — in rural areas in order to improve mental health services for veterans.

Telehealth represents one of the best ways to expand healthcare services to underserved areas while also lowering costs by expanding the area a health professional can cover from a single location.

September 10, 2013

Another high-quality regional pharmacy chain will soon be just a memory.

As reported Tuesday by Drug Store News’ Michael Johnsen, Raleigh, N.C.-based Kerr Drug, one of the industry’s most innovative pharmacy retailers and certainly one of its most determined practitioners of a higher level of pharmacy-based clinical care, has agreed to be acquired by the nation’s top drug chain and a healthcare innovator in its own right, Walgreens, for an undisclosed sum.

September 9, 2013

Secretary of Health and Human Services Kathleen Sebelius and Sen. Bob Menendez, D-N.J., joined Rite Aid chairman and CEO John Standley Monday as he announced the retail pharmacy chain's plan to place insurance agents at stores around the country to educate customers about Obamacare.

HOBOKEN, N.J. — Secretary of Health and Human Services Kathleen Sebelius and Sen. Bob Menendez, D-N.J., joined Rite Aid chairman and CEO John Standley Monday as he announced the retail pharmacy chain's plan to place insurance agents at stores around the country to educate customers about Obamacare and help them enroll in plans.

September 9, 2013

Starting next month, licensed insurance agents will be at nearly 2,000 Rite Aid stores for free consultations with customers about the Patient Protection and Affordable Care Act, in conjunction with the start of enrollment in the Health Insurance Marketplace, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Starting next month, licensed insurance agents will be at nearly 2,000 Rite Aid stores for free consultations with customers about the Patient Protection and Affordable Care Act, in conjunction with the start of enrollment in the Health Insurance Marketplace, the retail pharmacy chain said Monday.

September 5, 2013

Rite Aid's same-store sales got another boost in August, the retail pharmacy chain said.

CAMP HILL, Pa. — Rite Aid's same-store sales got another boost in August, the retail pharmacy chain said Thursday.

The 4,604-store chain reported a 1.1% increase in same-store sales for the five-week period that ended Aug. 31, including a 1.7% decrease in front-end comps and a 2.5% increase in pharmacy comps, which included a 1.6% negative effect from the introduction of new generic drugs. Same-store prescription count decreased by 0.2%.

Total sales for the month were $2.425 billion, a 1.1% increase over $2.399 billion last year.

September 5, 2013

Rite Aid chairman and CEO John Standley will take part in an event with Department of Health and Human Services secretary Kathleen Sebelius to announce new resources to help customers prepare for Obamacare, according to published reports.

NEW YORK — Rite Aid chairman and CEO John Standley will take part in an event with Department of Health and Human Services secretary Kathleen Sebelius to announce new resources to help customers prepare for Obamacare, according to published reports.

September 5, 2013

Are drug stores becoming the new convenience stores? A new survey by The Hartman Group indicates that for many shoppers, the drug store is a destination for convenient purchases.

NEW YORK — Are drug stores becoming the new convenience stores? A new survey by The Hartman Group indicates that for many shoppers, the drug store is a destination for convenient purchases — particularly, food and beverages.

In a survey of 1,900 adults in Seattle and Dallas, the Bellevue, Wash.-based research firm found that when respondents most recently visited drug stores, 24% of trips were for items for immediate consumption, while 29% were stocking up items. Significant percentages of purchases were for OTC, personal care and consumable items.

September 4, 2013

A California truck driver has won an annual driving-skills contest sponsored by Rite Aid, the retail pharmacy chain said Wednesday.

CAMP HILL, Pa. — A California truck driver has won an annual driving-skills contest sponsored by Rite Aid, the retail pharmacy chain said Wednesday.

William Plevney, representing the chain's Lancaster, Calif., distribution center, took top honors in July in the Rite Aid 2013 Driver Skills Challenge, followed by Tuscaloosa, Ala., driver Lowell Lee and El Monte, Calif., driver Roger Melton.

 

September 3, 2013

Rite Aid has promoted Tammy Royer to group VP managed care, the retail pharmacy chain said Tuesday.

Rite Aid has promoted Tammy Royer to group VP managed care, the retail pharmacy chain said Tuesday.

August 21, 2013

Rite Aid's philanthropic arm has donated $10,000 to benefit children with autism, according to published reports.

NEW YORK — Rite Aid's philanthropic arm has donated $10,000 to benefit children with autism, according to published reports.

The Macomb County, Mich., Daily reported that the Rite Aid Foundation had made the donation to Sterling Heights, Mich., for use in creating a "Play Place for Autistic Children."

August 19, 2013

In a segment of CNBC's "Mad Money" program, host Jim Cramer proclaimed "Rite Aid is back" when a caller asked for the former hedge fund manager's opinion about the Camp Hill, Pa.-based retail pharmacy chain. "Rite Aid is good. … It is an okay situation. The group is strong," Cramer said.

Cramer's proclamation only confirmed what Drug Store News has been saying for a while now, ever since it became clear that Rite Aid had hit pay dirt with its Wellness+ loyalty card program, growing sales and reversing several years of annual and quarterly losses. In April 2013, the company posted its first profitable fiscal year since 2007.

In a segment of CNBC's "Mad Money" program, host Jim Cramer proclaimed "Rite Aid is back" when a caller asked for the former hedge fund manager's opinion about the Camp Hill, Pa.-based retail pharmacy chain. "Rite Aid is good. … It is an OK situation. The group is strong," Cramer said.

August 16, 2013

Customers can visit any of the more than 4,600 Rite Aid pharmacies to receive a flu shot, which are covered by most insurance plans including Medicare Part B, from a Rite Aid certified immunizing pharmacist, subject to state regulations.

CAMP HILL, Pa. — Rite Aid has announced that seasonal flu shots are now available at all Rite Aid pharmacies nationwide.

Customers can visit any of the more than 4,600 Rite Aid pharmacies to receive a flu shot, which are covered by most insurance plans including Medicare Part B, from a Rite Aid certified immunizing pharmacist, subject to state regulations.

August 16, 2013

PBM company RxAdvance has expanded its executive management team with the hiring of former CVS Caremark and Rite Aid executives.

SOUTHBOROUGH, Mass. — PBM company RxAdvance has expanded its executive management team with the hiring of former CVS Caremark and Rite Aid executives.