Rite Aid, Men's Wearhouse, Talbots, and Party City are among those at highest risk of defaulting or filing for bankruptcy protection.
As a result of physical distancing and face masks, Rite Aid said it saw a decline of nearly 37% in cough, cold, and flu-related categories.
Target began rolling out vaccine doses through in-store CVS pharmacies in New York, Connecticut, and Rhode Island, among others.
A former shift manager at a Rite Aid pharmacy in Pennsylvania said that she was fired from her job after she protected herself from a customer who refused to wear a mask and threatened to attack her, USA Today reported. Elena Santiago told the outlet that she argued with a […]
Retail stocks are on track for their best month ever as consumers stockpile goods due to the coronavirus pandemic. The SPDR S&P Retail ETF, ticker XRT, is on track for a gain of 28% this month, which would best the previous monthly performance record of 22% set in April 2009. […]
Rite Aid on Thursday reported fiscal third-quarter earnings that handily beat Wall Street’s expectations. Shares of the company surged as much as 50% in intraday trading on the news. It marked the biggest intraday percentage gain for the struggling drugstore in more than 10 years. The stock ended up more […]
During the first three quarters of 2019, 1,160 CEOs left their positions, according to the staffing firm Challenger, Grey, & Christmas. This figure exceeds the number of CEOs who departed during the same nine-month span at the height of the 2008 recession (which saw 1,132 CEO departures). The tech sector […]
Walgreens, CVS, and Rite Aid have announced they are pulling the heartburn medication Zantac and other generic versions from their shelves, citing reports from the Food and Drug Administration of a cancer-causing contaminant in samples of the drug earlier this month. The FDA detected low levels of nitrosodimethylamine, which is […]
Rite Aid is a leading drugstore chain in the US, with close to 2,500 stores in 19 states. Walmart’s pharmacies are also popular and convenient destinations for picking up drugstore needs, especially in the middle of a larger shopping trip. We visited both drugstores to see which provided a better […]
JuulLabs CEO Kevin Burns has issued an apology to parents of teens who are addicted to the company’s vaping products. “First of all, I’d tell them that I’m sorry that their child’s using the product,” Burns said in a new CNBC documentary that aired Monday. The Food and Drug Administration […]
Amazon launched a package pickup service in Rite Aid stores Thursday. Rite Aid shares gained as much as 8% on the news. By the end of the year, the service will be rolled out to 1,500 locations. The partnership will help increase Rite Aid traffic and boost Amazon’s brick and […]
Which retailers keep customers coming back again and again? InMarket found out just that by tracking consumer activity in its 2019 retail loyalty report. Walmart took the top spot by a fair margin. Which retailers attract shoppers who bring the concept of brand loyalty to a whole new level? InMarket […]
CVS and Rite Aid are drugstore chains that sell items as varied as groceries and greeting cards. Both CVS and Rite Aid have pharmacies that offer services like flu shots. They also each have a rewards program that can earn shoppers major discounts. When we visited neighbouring locations of CVS […]
Walgreens,CVS, and Rite Aid are drugstore chains that sell everything from groceries to greeting cards. All three stores have pharmacies that offer services like flu shots. They each have a rewards program that can earn shoppers major discounts. When we visited neighbouring locations of Walgreens, CVS, and Rite Aid in […]
Amazon‘s $US1 billion acquisition of the pharmacy startup PillPack is the most recent in a long list of instances in which Amazon has taken huge bites out of entire industries. Nearly $US15 billion of market value was wiped out from Walgreens Boots Alliance, CVS, and Rite Aid, an outsize impact […]
Fred Killingsworth, the CEO of brand agency Hinge, thinks retailers should stop fighting Amazon, and start embracing it. He said that it is hard for even the biggest retailers to compete with Amazon in ecommerce spending. Instead, he advocates for an approach that helps retailers leverage all the potential that […]
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