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Rite Aid Corp.

  • Rite Aid same-store sales down 3% in Q3

    Camp Hill, Pa. — As expected, Hurricane Sandy left its mark on Rite Aid's monthly sales as the chain reported a decline in comps for November.

    The company said the 3% decrease in same-store sales for the five-week period ended Saturday included a 0.5% decrease in front-end comps and a 4.2% decrease in pharmacy comps, while same-store prescription count increased 2.2% compared with the same time last year.

  • Report: Rite Aid ordered to pay $800,000 settlement

    New York -- A San Diego judge ordered Rite Aid Corp. and its California subsidiary Thrifty PayLess Inc. to pay $800,000 to settle a complaint alleging false advertising, the Associated Press reported.

    Prosecutors claimed Rite Aid led consumers to believe they would pay less for items bought using the company's Wellness Card, the report said. However, they were given a coupon and told it was for a future purchase that would expire and was subject to other restrictions.

  • Rite Aid narrows loss in Q2

    Camp Hill, Pa. -- Rite Aid Corp. reported Thursday a loss of $41.4 million in the second quarter, significantly narrowed from a $94.7 million loss in the year-ago period.

    Revenue slipped to $6.23 billion from $6.27 billion last year, missing Wall Street’s projected $6.25 billion in sales. Same-store sales were essentially flat for the quarter.

  • Rite Aid launches nationwide health-and-wellness effort

    CAMP HILL, Pa. — Rite Aid is launching a six-month, nationwide health-and-wellness campaign to mark its 50 years of operation, the retail pharmacy chain said Wednesday.

    RA50, as the new campaign is called, began Wednesday near the company's headquarters in Camp Hill, Pa., and will move on to the Pennsylvania state capital of Harrisburg Thursday through Saturday. Afterward, it will move on to Baltimore; Philadelphia; Pittsburgh; Scranton, Pa.; Cleveland; Detroit; Portland, Ore.; Los Angeles; Atlanta; Norfolk, Va.; and New York.

  • Walgreens to launch loyalty card

    New York -- Walgreens will launch a loyalty card on Sept. 16, Reuters reported.

    The move follows the chain’s long insistence that it did not need a loyalty card, even as rival CVS Caremark Corp. and Rite Aid Corp had their own successful well-established programs. The CVS ExtraCare loyalty program claims more than 70 million households as members.

  • Rite Aid same-store sales edge up in July

    Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that July same-store sales rose 0.5%.

    Total sales dipped 0.1% to $1.88 billion.
     

  • School supply company sees a ghost

    School supplies manufacturer It’s Academic announced a new partnership the manufacturer of a vanishing grid line technology.

  • Wellness+ loyalty program, Wellness format stores continue to lift Rite Aid performance

    CAMP HILL, Pa. — Rite Aid maintained its same-store sales momentum, posting gains across front-end and pharmacy comparable sales for the sixth consecutive quarter: Overall same-store sales were up 2.5%, reflecting a 2.7% across the front-end and a 2.4% uptick across pharmacy, for the first quarter ended June 2.

  • Rite Aid loss narrows loss in Q1

    Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that it narrowed its loss in the first quarter to $28.1 million, from a loss of $63.1 million in the year-ago quarter.

    Revenue rose 1.2% to $6.5 billion from $6.4 billion, edging Wall Street’s forecasted $6.47 billion in revenue.

    Same-store sales increased 2.5% in the quarter.

  • John Standley appointed chairman of Rite Aid

    CAMP HILL, Pa. — Rite Aid has appointed president and CEO John Standley as chairman, the retail pharmacy chain said Friday.

    Rite Aid announced that its board of directors had elected Standley to replace current chairman Mary Sammons, effective June 21. Sammons has served as chairman since June 2007 and plans to step down at the company's annual stockholder meeting.

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