Rite Aid's bankruptcy reflects how much the corner drugstore has changed

Oct 16, 2023
Corporate mergers and competition from supermarkets, discount clubs and online startups — among other forces — have altered how pharmacies need to do business.
The pharmacy business has seen lots of change in the last few decades.
Michael M. Santiago/Getty Images

Amazon acquires PillPack as it muscles its way into the health care industry

Jun 28, 2018
Hear that thud? That’s the sound of Amazon getting into the retail pharmacy business. Today the online retail giant snatched up PillPack, an online pharmacy that presorts prescription drugs and delivers them to your door. Walgreens, Rite Aid and CVS all saw their stock prices take a dive in early trading on news of the […]

In the drugstore business, “location, location, location” is all about convenience

Mar 28, 2018
Walgreens may shutter hundreds of Rite Aid stores this spring. The drugstore giant bought more than 1,900 stores from its rival last fall. And Walgreen says it still plans to close about a third of them. So what benefits will the company get from that plan? Click the audio player above to hear the full […]

Drugstores try to cure last-minute shopping angst

Dec 23, 2016
Rite Aid is trying to fill more than the medicine aisles this season.
Justin Sullivan/Getty Images

Walgreens buys Rite Aid as industry consolidates

Oct 28, 2015
The pharmacy industry thinks bigger is better to find cost savings.

Earnings' fate when Easter's late

Apr 14, 2014
Easter is almost a month later than last year... and so are sales.

For public good, not for profit.