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2 mins read
We visited a Rite Aid store. The empty shelves made us wonder about the chain's future.
Rite Aid's restructuring includes closing hundreds of stores. Other locations, like a Brooklyn stor…
Jordan Hart,Alex Bitter
3 mins read
The rise and fall of pharma bigwig Rite Aid, which couldn't keep up with rivals Walgreen and CVS
The 61-year-old pharmacy chain listed $3.3 billion in debt as of June, not counting pending opioid …
Nidhi Pandurangi,Grace Dean
1 min read
Rite Aid says it plans to close 63 stores — and will likely find even more to close in the coming months
Rite Aid CEO Heyward Donigan said she planned to move away from traditional in-store pharmacies tow…
Allana Akhtar
2 mins read
Rite Aid plummets 25% after Deutsche Bank slashes price target to $1 as COVID-19 'hastens the decline' of the company's retail pharmacy business
Deutsche Bank said Rite Aid's upcoming 2023 guidance for annual adjusted EBITDA may be unattainable.
Carla Mozée
1 min read
Rite Aid plunges 22% after cutting its full-year forecast as the drugstore chain saw fewer people getting colds and coughs
As a result of physical distancing and face masks, Rite Aid said it saw a decline of nearly 37% in …
Shalini Nagarajan
1 min read
Pharmacy stocks tumble on report Amazon is weighing a push into physical pharmacies
Pharmacy stocks took a hit Wednesday following reports from Insider that Amazon is exploring openin…
Carla Mozée
2 mins read
Rite Aid and CVS are rationing purchases of emergency contraceptives to prevent shortages and stockpiling amid Roe v. Wade repeal
Retailers have witnessed high demand for over-the-counter contraception after the Supreme Court's d…
Abby Wallace
3 mins read
Walgreens, CVS, Rite Aid, and more are handing out free N95 masks. Here's how to get yours.
The Biden administration is sending 400 million masks to pharmacies and health centers to help slow…
Avery Hartmans
1 min read
Walgreens and Rite Aid are cutting their deal price - and Rite Aid's stock is dropping
That follows an earlier missed deadline in October 2016. A report from the New York Post at that ti…
Portia Crowe
1 min read
Rite Aid skyrockets 50% on blockbuster earnings, its biggest jump in 10 years
Net income for the third quarter was $52.3 million, a 202% increase from the $17.3 million that Rit…
Carmen Reinicke
2 mins read
Meme-stocks make a comeback after Tupperware and bankrupt Yellow see shares jump more than 800%
Both rallies have occurred on little fundamental news, and instead appear to have been partly drive…
Matthew Fox
1 min read
Walgreens might buy Rite Aid and the stock is going nuclear
Citing people familiar with the matter, The Journal said that a deal would value Rite Aid at close …
Akin Oyedele
1 min read
We compared the shopping experience at the Walmart and Rite Aid pharmacies, and the drugstore chain came out on top
We shopped at both drugstores and found that although it was well-stocked, Walmart's pharmacy and d…
Shoshy Ciment
2 mins read
US stocks end higher to break losing streak spurred by fears of a hawkish Fed
Wall Street's main equity benchmarks dropped over the prior two sessions on signals the Fed is prep…
Carla Mozée
4 mins read
IT'S OFFICIAL: Walgreens is buying Rite Aid
"Today's announcement is another step in Walgreens Boots Alliance's global development and continue…
Portia Crowe
1 min read
The $17 billion Walgreens-Rite Aid deal looks like it's in trouble
The stock is trading around $6.70, well below the $9-per-share price Walgreen's is offering for the…
Portia Crowe
2 mins read
US stocks gain as lowest weekly jobless claims since the pandemic boost recovery optimism
Stocks recovered from early losses and finished higher on Thursday as a continued fall in weekly jo…
Matthew Fox
2 mins read
US stocks decline as traders weigh new Powell comments and the continued Suez Canal blockage
"When the economy has all but fully recovered, we will be pulling back the support that we provided…
Matthew Fox
1 min read
Walgreens is buying Rite Aid's assets for $5.18 billion after the 2 sides terminate their merger
It's the latest twist in the ongoing saga between the two companies, which drew scrutiny from US an…
Joe Ciolli
1 min read
Fred's crashes after its plan to buy nearly 1,000 Rite Aid stores is terminated
The pharmacy chain said Wednesday that it adopted a rights plan, known as a poison pill, to reduce …