The Trump administration’s plant to impose a 25% tariff on another $16 billion worth of imports from China starting Aug. 23 drew an immediate reaction from a leading retail organization.
Despite that its shareholders will be voting on its proposed sale to Albertsons Companies in a matter of days, Rite Aid has lowered its outlook for fiscal year 2019.
Ken Martindale has been busy since he left the helm of Rite Aid to become CEO of GNC last September — and he just got an additional job at the specialty health-and-wellness retailer.
The White House’s announcement that it will consider imposing a tariff of 25% rather than 10% on $200 billion in goods from China drew an immediate response from one of the nation’s leading retail organizations.
