Rite Aid’s board and CEO face an uncertain vote from shareholders Tuesday when a new board slate is voted on Tuesday, Oct. 30 at the company’s annual meeting in New York.
Walgreens Boots Alliance and the giant grocer, Kroger said they are testing a new format that combines grocery expertise with Walgreens global expertise in pharmacy, health and beauty.
Rite Aid unveiled new governance, stripping CEO John Standley of the company’s chairmanship and adding new board members in the wake of a failed merger and mounting financial losses.
Fred’s continues to “evaluate strategic opportunities” for its remaining pharmacy business after announcing the sale of prescription files from 185 pharmacies to Walgreens.