Rite Aid news

We look at the latest quick commerce initiatives in the US market and what they mean for the broader online grocery channel. GIANT partners with Instacart for 30 minute delivery On the heels of Kroger’s partnership with Instacart for its Kroger Now 30-minute delivery service, Ahold Delhaize’s The GIANT Company is partnering with the on-demand delivery company to offer delivery in as fas...

Having been expected to finalise their merger plans last week, Albertsons and Rite Aid have terminated plans to create one of the largest grocery and drugstore chains in the US. Opportunity to create a grocery-led wellness powerhouse Albertsons and Rite Aid initially announced plans to merge in February. The enlarged business was expected to generate sales of around $83bn annually, from a n...

We look at the factors behind the plans of leading US grocery retailer, Albertsons, to merge with Rite Aid, one of the country's largest drugstore chains. Annual sales in excess of $80bn Albertsons is one of the leading grocery retailers in the US, operating over 2,200 stores and almost 1,800 in-store pharmacies. By merging with Rite Aid, which operates over 2,500 pharmacies, following the ...

Announcing solid sales growth in Q4, WBA also shares plans for integrating 1,932 Rite Aid stores into its business. WBA finished the year with a strong quarterly performance: sales rose 5.3% (or 6.4% at constant currency) to US$30.1 bn. Net earnings were impacted by costs relating to the Rite Aid deal, declining 22.1% to $802m. US: pharmacy positive, retail reports weaker results The US ...

Walgreens Boots Alliance has entered into an agreement with Rite Aid to acquire 1,932 stores and three distribution centres in a deal worth $4.4bn. Revised deal following initial plan to acquire the company This new deal follows on from Walgreens Boots Alliance’s initial proposal to acquire Rite Aid in a deal which was announced almost two years ago. In June, Walgreens announced that it was...

As Rite Aid reports its fourth quarter results we review the outlook for the business ahead of its impending merger with Walgreens Boots Alliance. Fourth quarter sales up 3.3% Fourth quarter revenues increased by 3.3% to $8.5bn, with retail pharmacy revenues increasing 4.3% to $7.1bn. Same store sales fell by 3.0%, consisting of a 4.3% decrease pharmacy sales and a 0.3% decrease in front-en...

Fred’s Inc, which operates 647 discount general merchandise stores and three specialty pharmacies in the US, is set to acquire 865 pharmacies from Rite Aid to help gain support from regulatory authorities for its acquisition by Walgreens Boots Alliance. Divestments sets to alleviate regulatory concerns Walgreens Boots Alliance announced last year that it had entered into agreement to acquir...

Walgreens Boots Alliance has entered into an agreement to acquire US based Rite Aid, the country’s third largest drugstore operator. Deal solidifies leading drugstore position in the US Under the terms of the deal, Walgreens Boots Alliance will acquire Rite Aid for $17.2bn, significantly growing the scope of its US operations. With a turnover of $26.5bn in 2014, and operating over 4,500 st...

While retailers and manufacturers continue to compete on price, there are companies who are looking to deliver added value for shoppers without cutting prices. We consider five of the levers that are being used to offer added value, which we expect to see more of in 2015 and beyond. This article was written by Harriet Cohen,...

Rite Aid has announced its first-ever ‘Innovation Challenge’ for customers.  “Inventor” credit on any patents Drug store chain Rite Aid has launched a nationwide search for original product ideas that will improve the health and wellbeing of Rite Aid customers. The creator of the product idea that is selected for development will receive $2,500, royalties on the sale of the product in Rite A...