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
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
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
The rest of us are screwed.
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
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
Will there be any Rite Aid layoffs? Any chatter, news or rumors?
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
“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?
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
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
What's your prediction as it relates to the possiblity of Rite Aid Layoffs 2021? Any news or rumors?
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
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
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
Layoffs have been goin on today in IT and Category management.
6/24/20 they have been laying off all day.
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
Anyone has facts? How many people work at the main office at Camp Hill?
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
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
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
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
What are your thoughts about potential Rite Aid Layoffs 2020? Any news or rumors?
Sounds like Heyward is cutting 401K matching for field leaders. Anyone know the legality of this?
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
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
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
Who will it be?
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
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
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
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
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
https://www.bizjournals.com/memphis/news/2019/05/06/freds-outlines-substantial-doubt-about-ability-to.html https://www.bizjournals.com/memphis/news/2019/05/06/freds-earnings-show-steep-declines-more-store.html This is the same company that was in... — read more
Sadly, we knew more of these were coming, so this is not much of a surprise. A Beckley Rite Aid is closing its doors. The Rite Aid On Johnstown Road will close on May 20... — read more
The reverse stock split officially took effect yesterday,and so far there has been no net drop in the adjusted stock price two days in.It finally seems as if the shorties have finally been fleeced.As outdated as my store's interior is(rite Choice... — read more