Atlanta — Casey’s General Stores, Inc., a leading convenience store chain in the United States, will partner with RELEX Solutions to implement a unified space planning and supply chain solution. RELEX will service Casey’s 2,400+ stores and support the company’s growth plans. RELEX’s space planning and supply chain solutions will help reduce the volume of manual work and improve order accuracy on a store-by-store basis. For example, RELEX will enable Casey’s space planning team to utilize logic in a framework of business rules, which the solution will use to help …
Camp Hill, Pa., and Boise, Idaho — Rite Aid Corp. has called off its previously announced merger with Boise, Idaho-based grocery chain Albertsons Cos. The integrated company would have operated about 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and Washington, D.C.
Boise, Idaho — Boise, Idaho-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp., one of the nation’s largest drugstore chains, for an undisclosed sum. The integrated company will operate about 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving more than 40 million customers per week.
Deerfield, Ill. — Walgreens Boots Alliance Inc., a global pharmacy-led enterprise comprising brands such as Walgreens and Duane Reade, plans to shutter 600 of its stores as part of its $4.38 billion purchase of rival Rite Aid Corp.
Pittsburgh — The board of directors of GNC Holdings, Inc., a leading global specialty retailer of health and wellness products, has appointed Ken Martindale as its permanent chief executive officer. Martindale succeeds interim CEO Bob Moran, who has been elected non-executive chairman of the GNC board.
Deerfield, Ill. — The merger between Walgreens Boots Alliance Inc. and Rite Aid Corp. has been terminated. Instead, Walgreens will purchase 2,186 stores and three distribution centers from Rite Aid for $5.2 billion.
Deerfield, Ill., and Camp Hill, Pa. — Walgreens Boots Alliance, Inc. and Rite Aid Corporation have agreed to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s, Inc. for $950 million. The all-cash transaction is subject to Federal Trade Commission (FTC) approval, the approval and completion of the pending acquisition of Rite Aid by Walgreens Boots Alliance, and other customary closing conditions.
New York City — Walgreens is buying Rite Aid for approximately $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world. The deal combines the largest and third-largest U.S. drugstore chains, based on store counts.