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CVS, Walgreens and Rite Aid to close nearly 1,500 stores News 

CVS, Walgreens and Rite Aid to close nearly 1,500 stores

GaryPageau , ,
The largest drug chains in the United States have a prescription for their struggling finances: Close stores. Rite Aid, the third-biggest U.S. chain behind CVS and Walgreens, filed for bankruptcy protection on Oct. 15, according to CNN, beset by mounting debt of more than $3 billion and a Department of Justice suit against the company in March, claiming it knowingly... Read More
Reuters: Walgreens considering plan to go private News Opinion 

Reuters: Walgreens considering plan to go private

GaryPageau , , ,
Reuters reports Walgreens Boots Alliance Inc. has explored the option to go private following private equity interest in the U.S drug store chain, which has a market value of more than $55 billion, citing unnamed sources. In recent months, Walgreens has held preliminary discussions with some of the world’s largest private equity firms about putting together what would be the... Read More
Photo Finale adds Rite Aid to client roster Feature News Press releases 

Photo Finale adds Rite Aid to client roster

GaryPageau , 1 Comment
Rite Aid Photo signals reinvigoration of photo category McLean, Va – Photo Finale, the leader in white-label photo e-commerce services, announced Rite Aid Corp., the Camp Hill, Pa-based national drugstore chain, has launched its online photo service on the Photo Finale platform. Customers can now order prints, canvas, photo books, gifts and much more at photo.riteaid.com.  Rite Aid is one... Read More
Rite Aid launches Rite Aid Photo News Press releases 

Rite Aid launches Rite Aid Photo

GaryPageau , 1 Comment
CAMP HILL, Pa.–(BUSINESS WIRE)–Rite Aid (NYSE: RAD) announced today the launch of Rite Aid Photo, a new one-stop shop photo website designed to provide customers with a seamless shopping experience for all of their photographic needs. The site will enable customers to create photo books, calendars, stationary, greeting cards, canvases and wall décor and of course photo prints and enlargements.... Read More
Albertsons Companies and Rite Aid merge to create food, health, and wellness leader News Press releases 

Albertsons Companies and Rite Aid merge to create food, health, and wellness leader

GaryPageau ,
Combination Will Create Strong Local Networks in Attractive Geographies Integrated Platform Will Provide Customers Greater Choice, Convenience, and Access, and Accelerate Omni-Channel Strategy to Reach More Customers and Drive Profitable Growth John Standley to Serve as Chief Executive Officer and Bob Miller to Serve as Chairman of Combined Company Transaction Expected to Generate Run Rate Cost Synergies of $375 Million... Read More