Pharmacists at select Rite Aid stores in California, Maryland, New Hampshire, Nevada and Oregon can now prescribe hormonal contraceptives, improving access for women in these states.
In connection with the court-supervised process, Rite Aid said it intends to close certain underperforming stores to reduce rent expenses further and strengthen overall financial performance.
Rite Aid has received a commitment for $3.45 billion in new financing; names Jeffrey Stein as CEO, succeeding Elizabeth Burr, who has served as interim CEO since January 2023.
The retailer’s common stock will continue to be listed and traded on the NYSE during the 'cure periods,' subject to the company’s compliance with other continued listing requirements.
Rite Aid is reportedly planning to file for bankruptcy to address federal and state lawsuits it is facing over its alleged role in the sale of opioids, per a WSJ report.
Walden will oversee enterprise marketing teams, customer experience and digital, as well as lead the expansion of the retailer's ice cream brand, Thrifty.
News and information on merchandising and trends in retail pharmacies at Rite Aid.