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Giant-Carlisle donates more than $500,000 to USO, Wounded Warriors Project

BY Alaric DeArment

CARLISLE, Pa. — Giant-Carlisle is donating more than half a million dollars to support the USO and other programs to support members of the armed services.

The chain, owned by Ahold USA, said customers and employees at Giant Food Stores and Martin’s Food Markets donated $517,535 through its annual Support Our Troops campaign, which benefits regional USOs throughout the area where the chain operates, and the Wounded Warriors Project.

"Thanks to our customers and associates, we continue to assist the brave men and women who serve our country daily," Giant-Carlisle president Rick Herring said. "Due to the outstanding work of our regional USOs and the Wounded Warrior Project, our troops are able to stay connected to their families and receive needed care if they are injured."


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Kerr Drug launches Take Control of Your Diabetes program

BY Alaric DeArment

RALEIGH, N.C. — Kerr Drug is launching a new marketing program aimed at diabetes patients.

The regional pharmacy retailer announced the launch of "Take Control of Your Diabetes," which includes planograms, print advertisements, social media messaging, education programs, in-store point-of-purchase displays and physician outreach. The company said the program is designed to establish Kerr as a "home for everything customers with diabetes need."

"We are using ‘Take Control’ as a way to remove the barriers to diabetes care," Kerr Drug diabetes programs manager Debbie Hiller said. "Our pharmacists have been specially trained on proper injection techniques to improve adherence, Medicare billing requirements to fill testing supplies and nutritional guidelines to help patients make healthier choices. Take Control tells our customer we have the products, services, expertise, convenience and cost advantages to help them take control of their health."

 

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Rite Aid announces debt refinancing move, forecasts Q1 profit

BY Alaric DeArment

CAMP HILL, Pa. — Rite Aid moved to refinance its debt Friday, announcing that it would buy half a billion dollars in notes using proceeds from a new loan, while also projecting that it would turn a profit in the first quarter of its fiscal year 2014, results of which it will announce next week.

The retail pharmacy chain said it would buy $500 million worth of 7.5% Senior Secured Notes, due 2017, using the proceeds from a $500 million second lien term loan.

The offer will expire on July 5 unless it’s extended, the company said.

The company estimates that it will post a profit of between $75 million and $90 million for the first quarter of fiscal 2014, which ended on Saturday, compared with a loss of $28.1 million during the same period last year. This would make the quarter the third consecutive one in which the 4,615-store chain has reported a profit.

 

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