Tuesday, March 17, 2020

Rite Aid outlines growth strategy at Analyst Day

Drug Store News
Rite Aid hosted an Analyst Day Monday to outline its new strategy and plan for growth. Heyward Donigan, president and CEO of the Camp Hill, Pa.-based retailer, noted that the plan is focused on using its strengths to grow EBITDA and reduce its debt load.

"Rite Aid is a business in the midst of a turnaround and it is time for a radical change — our RxEvolution," Donigan said. "This is not business as usual at Rite Aid. We have the unique opportunity to serve a growing customer base and strengthen the power of our iconic brand.”. . . more