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  2. Rite Aid CFO promoted to CEO as drug store chain exits ... - AOL

    www.aol.com/finance/rite-aid-cfo-promoted-ceo...

    Its careers website now states it has approximately 1,700 retail pharmacy locations. Before filing for Chapter 11, in January 2023, Heyward Donigan, CEO of Rite Aid since 2019, stepped down ...

  3. Rite Aid has posted annual losses for several years in part due to slumping sales. It also faced controversy regarding opioid-related lawsuits . Since 2021, it has moved down 39 spots in the ...

  4. Rite Aid - Wikipedia

    en.wikipedia.org/wiki/Rite_Aid

    Rite Aid. Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [1] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with nearly 1,400 stores in 16 U.S. states, primarily on the East and West ...

  5. Heyward Donigan - Wikipedia

    en.wikipedia.org/wiki/Heyward_Donigan

    During her time at Rite Aid, Donigan closed more than 150 unprofitable stores. [12] Donigan was credited with avoiding the bankruptcy for Rite Aid by pushing debt payments due in 2022 to 2025; however, Deutsche Bank warned the company was in danger of a "dramatic negative inflection point" in April 2022. Other analysts were less skeptical of ...

  6. Alex Grass - Wikipedia

    en.wikipedia.org/wiki/Alex_Grass

    [2] [4] Rite Aid's initial public offering at $25 a share on the New York Stock Exchange earned the Grass family $8.75 million. [2] [4] Rite Aid purchased a rival chain, the Daw Drug Company, which was based in Rochester, New York, in 1969, which doubled the company's size and gave Rite Aid a pharmacy business for the first time. [4] By the ...

  7. CVS, Walgreens and Rite Aid are closing thousands of stores ...

    www.aol.com/why-many-drug-stores-closing...

    CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores by 2024. Walgreens said in 2019 it would close 200 stores and in June announced ...

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