Healthcare

The drug store retailer has named Matt Schroeder its new chief executive as the company moves forward with less debt and new financing.

Heidi Capozzi joins the retailer from McDonald's, replacing Laurie Havanec who is leaving the company.

With store closures on the horizon, the drug store chain said it will make store brand products a larger part of its front-end assortment.

CarelonRx, a subsidiary of Elevance Health, is acquiring the division that does not include the grocer's in-store retail pharmacies and The Little Clinics.

As the drug store chain navigates Chapter 11, its new promotional effort seeks to reconnect the retailer with consumers.

The trio of new appointments each bring with them a broad level of experience in health & wellness.

Officials with the drug store chain said company that recently filed for Chapter 11 bankruptcy protection is moving forward with its Rite Aid 2.0 Plan.

The drug store chain reported top line sales growth driven by gains in pharmacy revenue that offset weakness in retail sales.