Retail News

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DSNTV tours RAD's new look

Don’t think of it as a set prototype — it’s an evolution. That’s what Rite Aid executives have always maintained, since first launching its Wellness store format in 2010. If you want to see where the evolution has taken the chain, and how the very latest thinking is reflected in the current format, watch Rite Aid president and COO Ken Martindale walk DSN through the company’s newly remodeled Wellness store in Beverly Hills, Calif., on North Canon Road.

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Superior front-end experience, improved patient outcomes will define Rite Aid's success

Revising year-end guidance on account of reimbursement rate headwinds, Rite Aid's stock took a hit after reporting second-quarter earnings even though the company beat analysts' consensus estimates for the quarter. The retail pharmacy operation recorded second-quarter profit of $127.8 million, or 13 cents per share, more than doubling FactSet consensus analyst estimate of 6 cents a share, according to a MarketWatch report. And while revenue of $6.5 billion was in line with analyst expectations, Rite Aid topped expected same-store sales growth of 3.3% by recording 4.1% in same-store sales growth. 
 
Rite Aid is still on the right track. 

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NACDS endorses Senate bill to curb Rx abuse

The National Association of Chain Drug Stores has offered its support for new legislation — S. 2862, the Regulatory Transparency, Patient Access, and Effective Drug Enforcement Act of 2014 — which calls for a collaborative, coordinated approach to curbing prescription drug abuse and safeguarding patients.