Rite Aid has become the latest chain to join the retail smartphone application game.
Rite Aid is sponsoring skin cancer screenings at dozens of stores across the country as part of a tour that begins this month and ends in August, the retail pharmacy chain said Thursday.
Walgreens might be willing to acquire Rite Aid if it can't settle an ongoing contractual dispute with one of the country's largest pharmacy benefit managers, Walgreens' former CEO said in a conference call with investors Monday.
A takeover by Walgreens is "highly unlikely," but Rite Aid shares could stay past the $2 mark due to the company's fundamentals, an analyst said Thursday.
Shares of Rite Aid crossed the $2 mark Wednesday afternoon following analyst speculation about the prospects of a takeover by Walgreens, according to published reports.
Rite Aid same-store sales increased by 3.1% in February, including a 1.9% increase in front-end comps and a 3.7% increase in pharmacy comps, the company said Thursday.
A Rite Aid category manager has won a top award from a trade association representing candy makers.
In the wake of tornadoes that hit communities in Kentucky on Friday, retail pharmacy chain Rite Aid has donated to a local Red Cross chapter to assist victims.
Rite Aid is teaming up with a new technology vendor for dispensing drugs under a special federal discount program, the company said Tuesday.
Rite Aid has closed a bond offering that it issued earlier this month to refinance its debt, the company said Monday.