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.
With a goal of moving its business forward, National Stores has filed for bankruptcy protection, and will shutter some stores to restructure its debt load.
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.