Content about Rite Aid

August 15, 2013

"Rite Aid is back!” That’s what Jim Cramer told viewers during the “Lightening Round” portion of his “Mad Money” investment advice program on Wednesday on CNBC.

NEW YORK — "Rite Aid is back!” That’s what Jim Cramer told viewers during the “Lightening Round” portion of his “Mad Money” investment advice program on Wednesday on CNBC.

When asked by a caller his opinion on Rite Aid stock, Cramer enthusiastically replied, “Rite Aid is good. … It is an okay situation. The group is strong. Rite Aid is back!”

August 14, 2013

IMS Health VP of supplier services Jim Hunter and IMS VP of industry relations Doug Long presented Rite Aid EVP of pharmacy Robert Thompson with IMS' Bernie Greenberg Pharmacy Partnership Award at the NACDS Total Store Expo.

LAS VEGAS — IMS Health VP of supplier services Jim Hunter and IMS VP of industry relations Doug Long on Monday presented Rite Aid EVP of pharmacy Robert Thompson with IMS' Bernie Greenberg Pharmacy Partnership Award at the NACDS Total Store Expo here.

August 12, 2013

Moberg Pharma AB announced its U.S. launch of Kerasal NeuroCream, an over-the-counter pain relieving foot cream.

STOCKHOLM, Sweden — Moberg Pharma AB today announced its U.S. launch of Kerasal NeuroCream, an over-the-counter pain relieving foot cream. This new product will be sold in over 3,800 Walmart stores and in CVS, Walgreens, and Rite Aid drug stores starting late August.

August 12, 2013

It’s no secret that with the Patient Protection and Affordable Care Act set to take full effect in the next couple of years, with an estimated 30 million new patients gaining health insurance, the nation faces a shortage of providers.

A panel at the NACDS Total Store Expo on Monday, titled “Telehealth: Changing the Way Patient Care is Delivered,” covered this topic and more.

It’s no secret that with the Patient Protection and Affordable Care Act set to take full effect in the next couple of years, with an estimated 30 million new patients gaining health insurance, the nation faces a shortage of providers.

One solution is telehealth, in which health professionals consult with patients electronically, even offering diagnoses and writing prescriptions. A related service is telepharmacy, which was the topic of a panel at the NACDS Total Store Expo on Monday.

August 8, 2013

The National Association of Chain Drug Stores' Total Store Expo brings together vendors and retailers across the entire store — pharmacy, OTC, beauty, consumables and general merchandise — and the supply chain executives who get the goods to market. As the industry converges on Las Vegas for this game-changing show, DSN talks to four leading futurists about what the drug store of tomorrow will look like.

The National Association of Chain Drug Stores' Total Store Expo brings together vendors and retailers across the entire store — pharmacy, OTC, beauty, consumables and general merchandise — and the supply chain executives who get the goods to market. As the industry converges on Las Vegas for this game-changing show, DSN talks to four leading futurists about what the drug store of tomorrow will look like.

Pharmacy, health & wellness

August 8, 2013

With an all-star lineup of leading retailers and a capacity crowd once again expected for the annual Drug Store News Industry Issues Conference, DSN has added Daymond "The Shark" John as the special guest speaker at this year's event, which is scheduled for Tuesday, Dec. 3 at Manhattan's New York Athletic Club.

NEW YORK — The Drug Store News Group is going to need a bigger boat.

August 8, 2013

Drug Store News recently spoke with president Ken Martindale about how Rite Aid's Wellness format has evolved.

Since its debut two years ago, Rite Aid's Wellness store format has expanded from a handful of stores to nearly one-fifth of the chain. As of June 1, the chain had 905 Wellness stores — out of a total of 4,612 stores — with plans to convert about 300 more over the remainder of the fiscal year. About 150 of the stores showcase the Genuine Well Being format, the latest version of the concept.

August 5, 2013

When Seattle-based Bartell Drugs opened its 61st store in the city's rapidly growing South Lake Union neighborhood, it unveiled a store that included not only a nice new format, but also a variety of amenities rarely seen in drug stores, including cold beer on tap; such pet-friendly features as water bowls, pet-hitching posts and free dog biscuits; and a selection of local spirits.

The large-scale evolution of the American drug store has mostly happened in the big, national chains, and despite some doubts from naysayers about some of the concepts in the Walgreens flagship stores, that format has already expanded to several cities. CVS and Rite Aid have expanded their respective Urban Cluster and Wellness store formats as well, providing clear indication of their popularity with consumers.

When Seattle-based Bartell Drugs opened its 61st store in the city's rapidly growing South Lake Union neighborhood, it unveiled a store that included not only a nice new format, but also a variety of amenities rarely seen in drug stores, including cold beer on tap; such pet-friendly features as water bowls, pet-hitching posts and free dog biscuits; and a selection of local spirits.

August 1, 2013

Rite Aid had another month of positive sales growth in July, the retail pharmacy chain said.

CAMP HILL, Pa. — Rite Aid had another month of positive sales growth in July, the retail pharmacy chain said Thursday.

Rite Aid said same-store sales for the four-week period that ended last Saturday increased by 1.3% compared with the same period last year. The increase included a 0.7% increase in front-end same-store sales and a 1.6% increase in pharmacy same-store sales. Same-store scripts increased by 0.4%. Total sales for the month were $1.898 billion, a 0.9% increase over $1.881 billion last year.

July 31, 2013

Materially expanding the business of pharmacy — it's not just a job for the big chains. The Detroit News on Tuesday published a story regarding the new wellness formats being showcased by both Walgreens and Rite Aid, respectively, and included some perspective from a local operator.

DETROIT — Materially expanding the business of pharmacy — it's not just a job for the big chains. The Detroit News on Tuesday published a story regarding the new wellness formats being showcased by both Walgreens and Rite Aid, respectively, and included some perspective from a local operator. 

July 30, 2013

As reported in DSN Monday, Rite Aid is launching a nationwide marketing campaign around Wellness65+, the latest extension to its Wellness+ loyalty card program, aimed at seniors.

NEW YORK — As reported in DSN Monday, Rite Aid is launching a nationwide marketing campaign around Wellness65+, the latest extension to its Wellness+ loyalty card program, aimed at seniors.

The campaign includes television and radio spots and digital advertising online and through social media. An example of the TV commercial is below. 

July 29, 2013

Rite Aid is launching a marketing campaign centered around its new extension to the Wellness+ loyalty card program aimed at seniors, the retail pharmacy chain said.

CAMP HILL, Pa. — Rite Aid is launching a marketing campaign centered around its new extension to the Wellness+ loyalty card program aimed at seniors, the retail pharmacy chain said Monday.

July 26, 2013

Rite Aid's product selection for the back-to-school shopping season will include many new products aimed at college students, the retail pharmacy chain said.

CAMP HILL, Pa. — Rite Aid's product selection for the back-to-school shopping season will include many new products aimed at college students, the retail pharmacy chain said.

In preparation for what the National Retail Federation calls the second-busiest shopping season of the year after the winter holidays, Rite Aid is including new computer accessories, wireless Internet routers, sheet and blanket sets, shower curtains and door mirrors. According to the NRF, college living essentials are likely to see an increase in spending this year.

July 23, 2013

François Coutu has resigned from Rite Aid's board, effective Oct. 31, 2013, Rite Aid said in a filing with the Securities and Exchange Commission.

NEW YORK — François Coutu has resigned from Rite Aid's board, effective Oct. 31, 2013, Rite Aid said in a filing with the Securities and Exchange Commission.

July 22, 2013

CVS Caremark’s MinuteClinic is striving to help patients lose weight and live healthier lives via a new weight-loss program that incorporates the DASH diet.

The move is important as it further illustrates the increased focus among retail-based health clinics to move beyond acute care. Many retail clinic operators have already started migrating toward expanded services, including weight-loss, smoking-cessation and fitness programs. For example, RediClinic has its Weigh Forward weight management program and Lindora, which operates a handful of clinics within select Rite Aid stores, began as a weight-loss clinic first and evolved into acute care later.


CVS Caremark’s MinuteClinic is striving to help patients lose weight and live healthier lives via a new weight-loss program that incorporates the DASH diet.

July 18, 2013

In a filing with the Securities and Exchange Commission Wednesday, the Quebec-based pharmacy retailer announced that it would sell 65.4 million shares in Rite Aid at a price of $183.1 million.

NEW YORK — The Jean Coutu Group is selling the last of its shares in Rite Aid Corp., according to a regulatory filing.

In a filing with the Securities and Exchange Commission Wednesday, the Quebec-based pharmacy retailer announced that it would sell 65.4 million shares in Rite Aid at a price of $192.2 million.

July 18, 2013

Following the cacophony of tweets from Bostonians regarding a Rolling Stone cover featuring Boston Marathon bombing suspect Dzhokhar Tsarnaev, Walgreens, Rite Aid and Kmart joined CVS/pharmacy and announced that they would not stock the magazine altogether.

BOSTON — Following the cacophony of tweets from Bostonians regarding a Rolling Stone cover featuring Boston Marathon bombing suspect Dzhokhar Tsarnaev, WalgreensRite Aid and Kmart joined CVS/pharmacy and announced that they would not stock the magazine altogether. 

July 9, 2013

Canadian pharmacy chain The Jean Coutu Group, which operates a network of 407 franchised stores in Quebec, New Brunswick and Ontario, reported a drop in net income in its first quarter, largely due to much smaller gains from the sale of Rite Aid shares versus the year-earlier period, the company stated.

LONGUEUIL — Canadian pharmacy chain The Jean Coutu Group, which operates a network of 407 franchised stores in Quebec, New Brunswick and Ontario, reported a drop in net income in its first quarter, largely due to much smaller gains from the sale of Rite Aid shares versus the year-earlier period, the company stated.

July 3, 2013

Rite Aid's same-store sales increased by 0.7% in June, including increases in front end and pharmacy comps, the retail pharmacy chain said.

CAMP HILL, Pa. — Rite Aid's same-store sales increased by 0.7% in June, including increases in front end and pharmacy comps, the retail pharmacy chain said Wednesday.

Front-end comps for the chain increased by 0.4%, while pharmacy comps increased by 0.9%, including a 3.05% negative effect due to the introduction of new generic drugs. Same-store scripts decreased by 0.2%.

Total store sales were $1.927 billion, a 0.2% increase over June 2012.

July 2, 2013

Rite Aid has finished a buyback program for more than $800 million worth of debt using proceeds from a sale of notes that allow the company to borrow at a lower interest rate, the retail pharmacy chain said Tuesday.

CAMP HILL, Pa. — Rite Aid has finished a buyback program for more than $800 million worth of debt using proceeds from a sale of notes that allow the company to borrow at a lower interest rate, the retail pharmacy chain said Tuesday.

Rite Aid said it has finished a cash offer for $810 million in senior notes with a 9.5% interest rate due 2017, funded with proceeds from a previous sale of $810 million worth of 6.75% senior notes due 2021.

July 1, 2013

At a time when more and more retailers are embracing mobile technology, North America is set to account for one of the highest percentages of tablet sales, according to a new study.

OYSTER BAY, N.Y. — At a time when more and more retailers are embracing mobile technology, North America is set to account for one of the highest percentages of tablet sales, according to a new study.

July 1, 2013

Drug store chain Rite Aid has picked Payment Alliance International to provide ATM services at about 1,500 of its stores, the ATM network said.

LOUISVILLE, Ky. — Drug store chain Rite Aid has picked Payment Alliance International to provide ATM services at about 1,500 of its stores, the ATM network said Monday.

PAI runs ATMs at more than 60,000 retail locations around the country and said that it would offer state-of-the-art equipment, domestic and international transaction processing, and branding opportunities.

June 27, 2013

Canadian retail pharmacy chain the Jean Coutu Group continued offloading its shares in Rite Aid as it announced Wednesday the sale of 72.5 million shares in the Camp Hill, Pa.-based drug store chain.

LONGUEUIL, Quebec — Canadian retail pharmacy chain the Jean Coutu Group continued offloading its shares in Rite Aid as it announced Wednesday the sale of 72.5 million shares in the Camp Hill, Pa.-based drug store chain.

At $2.75 per share, the sale is valued at about $199.4 million. The company also said it had filed a notice with the Securities and Exchange Commission to sell another 40.5 million shares for $110.8 million.

Jean Coutu holds about 105.9 million shares of Rite Aid, and the sale brings its share in the U.S. retailer down to 7.2%.

June 24, 2013

Fresh off its third consecutive profitable quarter, Rite Aid has appointed Ken Martindale as president and COO, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Fresh off its third consecutive profitable quarter, Rite Aid has appointed Ken Martindale as president and COO, the retail pharmacy chain said Monday.

Martindale, who is currently SVP and COO, as well as president of the Rite Aid Foundation, will assume the new position effective immediately. John Standley will continue as chairman and CEO.

June 24, 2013

Rite Aid reported its third consecutive profitable quarter Thursday, with profits of nearly $90 million, following the introduction of the largest expansion of its Wellness+ loyalty card program, dubbed Wellness65+, and days before the promotion of COO Ken Martindale to president of the company.

The 4,615-store drug chain has been on a roll lately, continuing to benefit from the switch from branded to generic drugs and the retention of last year's dispute between Walgreens and Express Scripts.

Rite Aid reported its third consecutive profitable quarter Thursday, with profits of nearly $90 million, following the introduction of the largest expansion of its Wellness+ loyalty card program, dubbed Wellness65+, and days before the promotion of COO Ken Martindale to president of the company.