More Retailers Aid Hurricane Harvey Victims
More retailers are coming to the aid of Southeast Texas and Louisiana as residents of the region work to recover from Hurricane Harvey.
drug stores
Fred’s Appoints Jenne Chief Financial Officer
Fred’s has appointed Jason Jenne as evp/chief financial officer. He succeeds Rick Hans, who is stepping down from the company to pursue other opportunities.
Rite Aid Loss Grows In Q1
Rite Aid reported a challenging first quarter with a deeper net loss, following the scrapped merger deal with Walgreens, and the formation of a new pending agreement to sell about half its stores to its drug store rival.
Walgreens Gains In Q3
As Walgreens Boots progresses on its new plan to acquire 2,186 Rite Aid stores, the company reported net earnings and sales gains in its third quarter.
Colin Powell To Keynote NACDS Total Store Expo
General Colin Powell will keynote the upcoming National Association of Chain Drug Stores Total Store Expo.
Walgreens Boots, Rite Aid Push Merger Completion
As the retailers continue to pursue their merger deal, Walgreens Boots Alliance and Rite Aid Corp. have certified substantial compliance with the “Request for Additional Information” issued by the United States Federal Trade Commission.
Merger Process Weighs On Rite Aid Q4 Results
For the 14-week fourth quarter, as its ongoing merger attempt with Walgreens Boots continued, Rite Aid posted a company net loss of $21.1 million, or two cents per diluted share, versus company net earnings of $65.6 million, or six cents per diluted share, in the 13-week period a year earlier.
Fred’s Adds Two To Board
Fred’s Inc. had added two new board members as the company awaits a decision from the Federal Trade Commission on its acquisition of 865 Rite Aid locations.
Report: FTC May Block Walgreens Boots, Rite Aid Deal
The Walgreens Boots Alliance takeover of Rite Aid may be facing a major hurdle, according to published reports.
Fred’s Posts Loss, Awaits Decision On Rite Aid Bid
Fred’s reported a net loss in both its fourth quarter and fiscal year and continued to await the approval of Walgreens’ purchase of Rite Aid and the retailer’s related purchase of 865 Rite Aid stores.
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