Content about Rite Aid Corp.

April 26, 2013

Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.

MINNEAPOLIS — Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.
 

December 16, 2011

Rite Aid Corp. reported Thursday that it lost $54.5 million in the fiscal quarter, narrowed from a loss of $81.5 million a year earlier.

CAMP HILL, Pa. — Rite Aid Corp. reported Thursday that it lost $54.5 million in the fiscal quarter, narrowed from a loss of $81.5 million a year earlier. The chain has trimmed its projected loss for fiscal 2012 based on the results.

Revenue rose almost 2% to $6.31 billion, compared with $6.2 billion in the year-ago period and surpassing Wall Street’s expected $6.29 billion in revenue. Same-store sales increased 2%. 

Rite Aid is upping its store improvement spending and has focused efforts on building its Wellness Plus rewards program.