06/29/2017 - 3:35pm

GlobalData Retail managing director Neil Saunders weighs in on the ‘pragmatic approach’ to a lengthy regulatory process that Walgreens and Rite Aid have undertaken by scrapping their proposed merger and creating a new deal.

06/29/2017 - 7:50am

Rite Aid's Retail Pharmacy Segment revenues were $6.4 billion and decreased 4.9% compared to the prior year period.

06/29/2017 - 7:25am

Walgreens' Retail Pharmacy USA division had third quarter sales of $22.5 billion, an increase of 6.3% over the year-ago quarter.

06/29/2017 - 6:30am
This new agreement replaces the previous merger agreement with Rite Aid, announced in October 2015 and amended in January 2017, as well as the agreement to divest certain Rite Aid stores to Fred’s, announced in December 2016.
 
06/27/2017 - 10:36am

The two companies imposed the July 7 deadline on the FTC when they certified compliance on May 8, requiring action within 60 days. 

06/19/2017 - 4:45pm

See photos of the new Harrisburg, Pa., location, which features a one-of-a-kind in-store Hershey Sweet Shop that offers a variety of Hershey’s candy and specialty merchandise.

06/13/2017 - 11:13am

The new RediClinic.com offers a highly responsive online platform that allows one-click appointments from a mobile or desktop device.

06/12/2017 - 10:10am

In addition to increasing financing options, Fred's Pharmacy has entered an agreement with its lenders allowing the company to extend the outside commitment date to as late as Oct. 31.

06/09/2017 - 12:13pm

The Federal Trade Commission is preparing "advice" to block the deal to merge Walgreens Boots Alliance and Rite Aid, according to a Investor's Business Daily report. The news was first reported by Bloomberg. "Shares of Rite Aid sank 14% to 3.03 in afternoon trading on the stock market [and] Walgreens dipped 0.3%. Rival CVS Health (CVS) edged up 0.5%," Investor's Business Daily reported. In addition, shares of Fred's Pharmacy, which has agreed to acquire as many as 1,200 divested Rite Aid locations as part of the deal, dropped 2.5% Friday. (Investor's Business Daily)