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Chain Drug Review

New CEO to build on strengths at L&R Distributors

New CEO to build on strengths at L&R Distributors

Jim Athey has big plans for L&R Distributors. He’s just taken over as chief executive officer following the transition of Marc Bodner to the title of executive chair, and he’s ready to take the company to the next level. Athey spoke with Chain Drug Review about his blueprint for growth, the issues

Bed Bath & Beyond files for bankruptcy protection

Bed Bath & Beyond files for bankruptcy protection

Bed Bath & Beyond Inc. said Sunday that it had filed for Chapter 11 bankruptcy protection and plans to “implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.” To facilitate this process,

Rite Aid narrows loss in fourth quarter

Rite Aid narrows loss in fourth quarter

Rite Aid reported a net loss of $241.3 million, or $4.39 per share, for its fourth quarter, compared to a net loss of $389.1 million, or $7.18 per share in the year-ago period.  The adjusted net loss of $68.2 million, or $1.24 per share, was wider than the 78 cents per share expected