by Mike Duff | Jan 9, 2023 | Retail Articles
In a sudden revelation, Heyward Donigan is departing Rite Aid where she was president, CEO and a board member, the company announced, adding that it has appointed Elizabeth “Busy” Burr interim CEO effective immediately. Rite Aid stated that the company has initiated a...
by Mike Duff | Dec 21, 2022 | Retail Articles
The third quarter spelled losses for Rite Aid Corp. but the company did beat Wall Street estimates as front-end comparable sales advanced. Third quarter net loss was $67.1 million, or $1.23 per share, compared to a net loss of $36.1 million, or 67 cents per share, in...
by Chandler Harvey | Oct 31, 2022 | Featured News, Retail Articles
The chain drug business is in flux, trying to evolve rapidly based on a community healthcare model that has impacted the channel’s approach to general merchandise including housewares and home furnishing business in a way that is still unsettled. Personal care...
by Mike Duff | Sep 30, 2022 | Retail Articles
The second quarter saw Rite Aid losses increase and sales come up short of last year’s period, although a bit ahead of Wall Street projections. For the quarter, the company reported a net loss of $331.3 million, or $6.07 per diluted share, versus a net loss of $100.3...
by Mike Duff | Jun 27, 2022 | Retail Articles
Store closures contributed to a bigger first-quarter net loss at Rite Aid Corp., but the company is counting on its expanded pharmacy operations as well as its beauty business and revamped loyalty program to help improve its results. First-quarter net loss was $110.2...
