Will Rite Aid ever turn it around? https://finance.yahoo.com/news/investors-rite-aid-nyse-rad-101459539.html
Donigan has jumped ship,now Bruce bodaken please leave as well
https://finance.yahoo.com/news/rite-aid-corporation-names-elizabeth-120000742.html PHILADELPHIA, January 09, 2023--Rite Aid Corporation (NYSE: RAD) ("Rite Aid" or the "Company") announced today that its Board of Directors has appointed Elizab... — read more
Rite Aid Layoffs 2023
Anyone would care to chime in with a prediction about potential Rite Aid layoffs? Any chatter, news or rumors?
Rite Aid closes another Philly store
Rite Aid closes another Philly store, this time on Walnut Street. It’s the seventh one in a year. Rite Aid and CVS have announced more than 1,000 store closings over three years, driven by overbuilding, dr-gstore chain economics, and the... — read more
Do I have this right?
The number of closing stores keeps rising and the latest one I've heard is 145. Is this correct? I'd also like to know, if you're in one of the confirmed closing locations, did you know it was coming? Was there any indication ahead of time or were... — read more
Not buying it
I don't buy the "safety" excuse. They wanted it closed and they found an easy way to justify it. Woodland Hills Rite Aid Store Closing Permanently Due to Increase in... — read more
Pharmacy employees are safe
The rest of us are screwed.
Closings are not slowing down
Rite Aid closing Cheshire store at end of March Rite Aid is closing its location on South Main Street in Cheshire at the end of the month, company officials have... — read more
63 stores are closing
Rite Aid is closing 63 stores. I'm wondering, was everybody really offered a position in another location, or is that just bull they're saying to avoid bad publicity? I really hope it's true, but something tells me there's a... — read more
Things have shifted dramatically in the past several years. I used to enjoy my job as much as I can but now the toxicity is off the charts. I used to laugh at people who'd say they see no future here and now I'm sadly one of them. I hope for the sake... — read more
I don't buy this for one second
“There's no job loss or any layoffs,” Mr. Olson said. “In fact, we're hiring. This will not impact our corporate positions.” Olson said this regarding the HQ move. Does anybody buy this?
How Heyward Donigan is fresh air in comparison to John Standley
On top of store closures in the past 2 years being relatively minimal(one competitor has been closing more stores than us during that span),the new focus is clearly to shore up existing stores(despite a lot of non-core merchandise being phased out... — read more
Cutting fulltime and hours
Our store cut hours ansld multiple fulltime employees were told they could either be laid off, go part time with 24 hours and no chance for 40 again, or transfer to another store and hope you get more hours. One of them transferred and is getting... — read more
Rite Aid Layoffs 2021
What's your prediction as it relates to the possiblity of Rite Aid Layoffs 2021? Any news or rumors?
RITE AID’S CAPEX CORRUPTION AND KICKBACKS
From the Seeking Alpha board: Well, as I noted yesterday, we were not going to get any profits and here we are with a near 20% drop in the stock price. Once again, ZERO profits yet the CEO of Rite Aid has decided to piss away $350 million in... — read more
We all know more layoffs are going to happen sooner rather than later so this wait is driving me insane. I've been trying to find a new job but I've been here long enough that whatever I find doesn't pay enough for me to make the switch right now... — read more
Reject ex-CEO John Standley named Walgreens president:Good news for us?
https://abcnews.go.com/Business/wireStory/walgreens-picks-rite-aid-ceo-president-72725277 I'd really love to see how he screws up in his new role,as for the year-and-a-half or so Walgreens has been closing much more stores than us.Not to mention... — read more
Things are about to go from bad to worse
With the pandemic speeding up what seems to be inevitable, we are already popping up on lists of retailers most likely to file for bankruptcy before the end of the year. And we all know what that brings: not just layoffs, but layoffs without... — read more
lay off today 6/24/20
Layoffs have been goin on today in IT and Category management.
6/24/20 they have been laying off all day.
This is your thread if you have a Question or an Answer about Corona Virus and Rite Aid
How do you see things - what will happen next?
One of the stores near me is being cut from being 24 hours, and is installing self checkout. The 24 hours thing isn't bad, but self checkout sounds like a disaster. People already steal with no problems, people will still need a cashiers assistance... — read more
How many people work at Rite Aid?
Anyone has facts? How many people work at the main office at Camp Hill?
Hour cuts for holidays
Our store is having hours cut drastically, to the point we barely have any coverage, and there are even shifts where there will be only one person at front end. And this is all during the busiest time of the year. We got an email saying to make sure... — read more
8 days 'till 2019Q3 earnings...
On top of this reflecting the first full quarter under Heyward Donigan's watch,we should expect more clarity on both whether this company is truly headed in the 'rite' direction and the rumored changes to the BOD initially reported on the Y!Finance... — read more
Bodaken and Syms out
Syms LinkedIn has been removed and Bodaken removed Rite Aid from his. Seems as if the integration with EnvisionRX and downsizing was all part of a bigger plan to partner with Pillpack. Rite Aid is going into E-commerce in a big way
Claw back Standley’s 3 million bonus and give it to the laid off employees!
Does anyone else think that Standley’s absurd and criminal “retention bonus” of 3 million dollars should be clawed back by Heyward Donigan and given in equal portions to all of the laid off Rite Aid employees? He didn’t deserve that money, he ran... — read more
Rite Aid Layoffs 2020
What are your thoughts about potential Rite Aid Layoffs 2020? Any news or rumors?
Rite Aid Field Leaders 401k Match
Sounds like Heyward is cutting 401K matching for field leaders. Anyone know the legality of this?
Field Service was overstaffed
Too many technicians spent too much time beautifying equipment installations that no customer saw, and meant nothing to the bottom line. Had incompetent FTS regional management not burdened field techs with make-work and administrative tasks and... — read more
More closings, more layoffs
Nearly 400 people will be laid off as a result of this... The rumors are true – Rite Aid will be closing two distribution centers in Falls... — read more
All IT employees will be let go
The new CIO announced on September 23, 2019, that all IT employees will be let go the week before Thanksgiving. Multiple IT departments are being outsourced to HCL Technologies. Last day will be November 22, 2019. This includes Field Technical... — read more
Third Party IT Vendor
Who will it be?
Thursday earnings report
While this will be Heyward Donigan's first as CEO,it will be still reflective of the the waning days under John Standley's watch as the honorable Ms. Donigan only came aboard a month or two ago.Let's not jump to any conclusions about the company's... — read more
Amazon making a play for Rite Aid?
This a copy and paste of a topic in the CVS forum. Thoughts?? OK so here goes... Amazon acquired online pharmaceutical company PillPack and Amazon now has a joint venture with Berkshire Hathaway and JPMorgan Chase on health care. Now Amazon is... — read more
Not a good sign??
Noticed some SEC filings today, that showed execs selling some shares right before earnings tomorrow. Stock actually did well today, up over 8%, but to have a nice rise ahead of earnings and then have execs sell? Something is up. Either short sellers... — read more
Further proof of how much more disastrous things could have been...
https://www.usatoday.com/story/money/2019/05/16/freds-store-closings-2019-retailer-closing-104-more-stores/3672457002/ Yes,this is the same company that would have bought over 800 Rite Aid locations had the full Walgreens acquisition been... — read more
Rite-aid becoming Walgreens on west coast?
Some Walgreens managers in California are saying that the Rite-aid stores in this state are going to be converted into Walgreens stores. As far as I know, Walgreens didn't go through with buying Rite-aid on the west coast. Is this just something to... — read more