Categories
Rite Aid

Rite Aid Promotes Private Brands in Flyer

\"RiteaidThis weeks flyer from the national drugstore Rite Aid features an entire page of deals on much of its Private Brand portfolio including: Rite Aid, Rite Aid Pantry, Rite Aid Home, Rite Aid Renewal, Rite Aid Tugaboos brand products.

The offers include a BUY ONE GET SECOND ONE 50% OFF on many Private Brand products in the store.

 

\"\"
Categories
Rite Aid

Private Brands Star in Rite Aid Flyer

\"RiteaidThis week Camp Hill, Pennsylvania based drugstore Rite Aid includes a two-page spread in its weekly flyer that highlights the brands in its Private Brand portfolio. Brands include: Rite Aid brand, Rite Aid Tugaboos, Rite Aid Home, Rite Aid Pantry, Rite Aid Renewal and Simplify.

The spread calls attention to the brands using the headline: “Rite Aid Brands Deliver You Quality, Rite Aid Brands Deliver You Savings,” accentuating the Satisfaction Guarantee and a variety of hot prices as well as a “Buy One Get One 50% Off” on much of the two pages.\"RiteAid

\"vertex

\"\"
Categories
Rite Aid

Rite Aid Highlights Private Brand

\"\"This week the third largest drugstore chain in the U.S. Rite Aid features its Private Brands in a 2 page spread in its weekly flyer. The Camp Hill, Pennsylvania based retailer is also featuring a number of promo codes on its website that including: a Buy one Get One Free offer on select Rite Aid long acting allergy relief products and a Buy One get Second One 50% Off select Rite Aid pain killers.

\"\"

\"\"
Categories
Rite Aid

Rite Aid Reports 2.3% Private Brand Penetration Increase

\"\"This past week Camp Hill, PA based drugstore Rite Aid held its First Quarter Fiscal 2013 Conference Call the call included: Matt Schroeder – Group Vice President of Strategy & Investor Relations and Treasurer; John T. Standley – Chairman of The Board, Chief Executive Officer, President and Member of Executive Committee and Frank G. Vitrano – Chief Administrative Officer, Chief Financial Officer and Senior Executive Vice President

John Standley – Chairman of The Board, Chief Executive Officer, President and Member of Executive Committee gave an overview of the business as well as a Private Brand update highlighting a 2.3% increase over the prior year\’s first quarter Private Brand penetration.

\"\"We continue to make strong progress, thanks to a company-wide focus on executing key sales initiatives, taking good care of our customers and operating more efficiently. As a result, we have now grown same-store sales and adjusted EBITDA for 6 consecutive quarters, and I would like to take this opportunity to thank our entire Rite Aid team for their hard work in driving these positive results.

During the quarter, same-store sales increased by 2.5% over the prior year period, including a 2.7% increase in the front end and a 2.4% increase in the pharmacy. Prescriptions sold at same stores increased by 3%, which is primarily due to additional prescriptions resulting from the Walgreens/Express Scripts dispute. Adjusted EBITDA for the quarter increased $11.3 million from the prior year\’s first quarter to $274.2 million. The increase in adjusted EBITDA was driven by our strong top line results and an improvement in pharmacy gross margin, partially offset by a $20.9 million charge to settle certain class-action lawsuits. The improvement in pharmacy gross margin was the result of new generic drugs that have come to market in the past several months, which have increased our generic drug penetration by over 3% to 79%. This improvement was partially offset by pharmacy reimbursement pressure.

Net loss for the quarter decreased by nearly $35 million compared to the prior year period and improvement driven by a higher adjusted EBITDA and decreases in depreciation and amortization expenses and lease termination impairment charges. We also ended the quarter with over $1.1 billion in liquidity, giving us ample resources to operate our business.

He went on to discuss Private Brands:

As noted during our last call, we recently completed the conversion of more than 2,900 items to our new Rite Aid brand architecture. During the quarter, customers continue to respond positively to our new package designs and new brands. Private brand penetration increased to 17.9%, a 2.3% increase over the prior year\’s first quarter penetration.

SOURCE: Seeking Alpha

\"\"
Categories
Rite Aid

Rite Aid CEO Discusses Private Brand

\"\"This past Thursday East Pennsboro Township, Pennsylvania based drugstore Rite Aid reported its fourth quarter earnings and discussed the following the impact of Private Brands on their business.

Carla Casella – JPMorgan: Hi couple quick ones. On the private brand, how far do you think that can go in terms of adding more private brand to the store?

John T. Standley – President and CEO, Rite Aid: I think there is still a great opportunity for growth. I mean, our focus has been really getting ourselves rebranded, and really kind of stepping up our gain, which I think we have done a great job with, but we still have opportunity to continue to add items, and grow private brand sales for sure.