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Rite Aid

Rite Aid's bankruptcy reflects how much the corner drugstore has changed

by Kimberly Adams
Oct 16, 2023
Corporate mergers and competition from supermarkets, discount clubs and online startups — among other forces — have altered how pharmacies need to do business.
The pharmacy business has seen lots of change in the last few decades.
Michael M. Santiago/Getty Images
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Amazon acquires PillPack as it muscles its way into the health care industry

by Dan Gorenstein
Jun 28, 2018
Hear that thud? That’s the sound of Amazon getting into the retail pharmacy business. Today the online retail giant snatched up PillPack, an online pharmacy that presorts prescription drugs and delivers them to your door. Walgreens, Rite Aid and CVS all saw their stock prices take a dive in early trading on news of the […]
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In the drugstore business, “location, location, location” is all about convenience

by Erika Beras
Mar 28, 2018
Walgreens may shutter hundreds of Rite Aid stores this spring. The drugstore giant bought more than 1,900 stores from its rival last fall. And Walgreen says it still plans to close about a third of them. So what benefits will the company get from that plan? Click the audio player above to hear the full […]
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Grocery retailer Albertsons to buy drugstore chain Rite Aid

by Associated Press
Feb 20, 2018
Albertsons is plunging deeper into the pharmacy business.
Justin Sullivan/Getty Images
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Drugstores try to cure last-minute shopping angst

by Reema Khrais
Dec 23, 2016
Rite Aid is trying to fill more than the medicine aisles this season.
Justin Sullivan/Getty Images
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Walgreens buys Rite Aid as industry consolidates

by Nova Safo
Oct 28, 2015
The pharmacy industry thinks bigger is better to find cost savings.
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Earnings' fate when Easter's late

by Sabri Ben-Achour
Apr 14, 2014
Easter is almost a month later than last year... and so are sales.
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