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...
by Mike Duff | Apr 25, 2022 | Retail Articles
Rite Aid Corp. has confirmed it rejected a non-binding, off-market proposal from Spear Point Capital Management to acquire all of the outstanding shares of the company’s common stock. Rite Aid and its board of directors reviewed the proposal with the assistance of...
by Mike Duff | Apr 18, 2022 | Retail Articles
The fourth quarter saw Rite Aid Corp. take a bigger-than-expected loss, although revenues edged out a Wall Street estimate. Rite Aid posted a net loss from continuing operations in the quarter of $389.1 million, or $7.18 per diluted share, versus a loss from...
by Mike Duff | Feb 16, 2022 | Retail Articles
The InMarket Insights Q4 2021 Consumer Loyalty Report shows Walmart generated the most consumer loyalty among the top 5 big-box stores. The market researcher used location tracking data to determine Walmart was number one followed by Meijer, Fred Meyer, Target and...
