Albertsons Announces Rite Aid Merger

Boise-based grocery Albertsons announced they will be purchasing the remainder of Rite Aid’s drugstore chain. In efforts to build their online presence and compete with retail giant Amazon, Albertsons is planning to rebrand their in-house pharmacies.

“We don’t yet have a store list,” said Chris Wilcox, Vice President of Communications, Public Affairs, and Education for Albertsons. “It’s still fairly early on, so we have a lot of work to do yet. We will likely update the investor [web] page with new info as it becomes available, but I don’t know that we would publish a complete store list. Store lists aren’t something that we typically share even under standard operating conditions.”[1]

Under the new deal, current Rite Aid Chairman and Chief Executive Officer John Standley will become CEO of the combined company, with Albertsons Chairman and CEO Bob Miller serving as Chairman.

The combined company expects to operate approximately 4,900 locations, 4,350 pharmacy counters, and 329 clinics in 38 states and Washington, D.C. They anticipate revenues of $83 billion in 2018, according to a joint statement.[2]

 

[1] http://www.omakchronicle.com/news/2018/feb/27/albertsons-rite-aid-merger-announced/

[2] https://www.businesswire.com/news/home/20180220005785/en/Albertsons-Companies-Rite-Aid-Merge-Create-Food

Follow us on social media for the latest updates in B2B!

Image

Latest

AI in content marketing
Generative AI in Content Marketing: Why Creativity & Authenticity Will Make it Work
July 11, 2024

Will 2024 be known as the year AI made waves in content marketing? It sure seems so, with recent AI-driven ads from Toys R Us and Under Armour generating significant buzz online. Not just this: Despite having no official ties to the brand, a mock Volvo ad created entirely by AI has also gone…

Read More
Hiring Made Human: Hiring When You’re a Start-Up
July 11, 2024

The challenges of hiring for a startup have become more pronounced these days than ever. With technological advancements and evolving market demands, startups must be agile and strategic in their hiring practices to ensure success. According to some studies, nearly 90 percent of startups fail, with a significant factor being the inability to attract…

Read More
Focus on the Customer
Fifth Inning – Focus on the Customer
July 11, 2024

In a compelling narrative by Jesse Cole, the Savannah Bananas, a baseball team known for its unconventional approach, has declared advertising dead. Cole emphatically asserts that while advertising may attract customers, it is the fan experience that fosters lasting loyalty. In a bold move, the Savannah Bananas have eliminated all forms of advertising at…

Read More
Dr. Mark Manera talks Trucking Industry
The Trucking Industry Needs a Fitness Overhaul to Jumpstart a Trucking Health Revolution
July 11, 2024

With the trucking industry seeing many changes that prioritize efficiency and productivity, the health of truck drivers has increasingly peaked as a critical concern. With life expectancies for truck drivers averaging 16 years less than the general population, there is an urgent need to address health issues within the industry. Recent initiatives, like the…

Read More