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Chain-wide partnership will provide customers access to essential items during COVID-19 Today, Rite Aid (NYSE: RAD) announced a new partnership with Instacart, which will allow customers to conveniently order and receive essential healthcare and grocery items delivered directly to thei...
A cannabis health product category could enable the fair and accurate regulation of new markets, including CBD-based consumer packaged goods. CBD’s reported therapeutic properties along with regulatory changes such as the US Farm Bill and the removal of CBD from the federal Control...
Testing sites will nearly triple with addition of 46 sites on May 11 Expanded testing criteria includes asymptomatic adults Rite Aid (NYSE: RAD) will significantly expand its COVID-19 testing effort with the addition of 46 no-charge testing sites, most of which will operate throug...
Although Walgreens Boots Alliance (NASDAQ: WBA) reported stronger than expected Q2 results on April 2, the stock is down almost 30% in 2020 as investors are concerned that revenues will decline meaningfully in the second half of fiscal 2020 due to the COVID-19 pandemic. While it's difficult ...
If you've been tracking Rite Aid (NYSE: RAD) in recent weeks, you may have noticed an alarming trend. While its competitor Walgreens Boots Alliance (NASDAQ: WBA) remained a relatively attractive value stock in April as stocks rebounded out of the worst market plunge since the G...
If you buy things you do not need, soon you will have to sell things you need. – Warren Buffett Retail is dead. Physical store demand is not there. People are moving to e-commerce. Amazon ( AMZN ) is killing brick and mortar. These are all punchlines that everyone is throwing around...
Retail Opportunity Investments Corp. (NASDAQ: ROIC) recently suspended its dividend after reporting a roughly 9% drop in profits in the first quarter of the year. But while it is true that ROIC is invested entirely in retail, a sector that is not expected to perform well in today's world of ...
Rite Aid (NYSE: RAD) on Tuesday announced it would make free COVID-19 testing available to a larger group than before. Adults exhibiting any of the following symptoms -- fever, cough, shortness of breath, chills, repeated shaking with chills, muscle pain, headache, sore throat, and new loss ...
On the heels of significant increases in collection sites at Walgreens and CVS, Rite Aid ( RAD +1.2% ) announces that it has expanded COVID-19 testing criteria for people taking advantage of its 25 self-swab collection sites in the U.S. More news on: Rite Aid Corporation, OPKO Health, ...
Adults exhibiting symptoms eligible for diagnostic screening at no cost Rite Aid (NYSE: RAD) has expanded COVID-19 testing criteria to include all individuals 18 and older exhibiting any of the following symptoms: fever, cough, shortness of breath, chills, repeated shaking with chills,...
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Secures Interim Approval to Access Up to $3.45 Billion in Debtor-in-Possession Financing Continues to Serve Customers and Deliver Healthcare Products and Services Across Retail and Online Platforms Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Compan...
Stein Succeeds Elizabeth “Busy” Burr Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that its Board of Directors has appointed Jeffrey S. Stein as Chief Executive Officer (CEO), Chief Restructuring Officer (CRO) an...
Reaches Agreement in Principle with Key Creditors on the Terms of Financial Restructuring Plan Initiates Voluntary Chapter 11 Process to Implement a Consensual Financial Restructuring That Will Significantly Reduce Debt and Enable Execution of Key Initiatives Receives Commitment f...