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Retail News

Rite Aid finishes portion of debt refinancing

Rite Aid Corp. has completed an offering of $500 million in senior secured notes initiated earlier this month as part of a series of debt refinancing transactions. The company said Friday that it had tendered about $419.2 million of the $500 million cash tender offer of 7.5% senior secured notes due

Ontario urged to proceed with expanded pharmacy services

Fully implementing and funding expanded health care services approved last fall for Ontario pharmacists would significantly improve health outcomes, especially for seniors and patients with chronic diseases, according to Michael Holden, chief executive officer of the National Pharmacy Association in

Target serves up free first aid kits in Canada

Target Corp. pharmacies in western Canada plan to give away first aid kits to help consumers be safer for the summer. The discount store chain said Thursday that from June 30 to July 15, Target pharmacists in its western Canada stores will offer free, Target-branded first aid kits and be on hand

Rite Aid turns in profitable first quarter

Rite Aid Corp. kept up its earnings momentum by reporting its third straight quarterly profit for its fiscal 2014 first quarter. Rite Aid said Thursday that net income came in at $89.7 million, or 9 cents per diluted share, for the 13-week quarter ended June 1, compared with a net loss

Debt offering upsized by Rite Aid

Rite Aid Corp. has more than doubled a debt offering initiated this week. The company said late Tuesday it’s now offering $810 million of 6.75% unsecured senior notes due in 2021, $410 million more than a senior notes offering announced Monday. Rite Aid said it aims to use the proceeds plus

Rite Aid plans $400 million debt offering

Rite Aid Corp. has announced plans to offer $400 million in unsecured senior notes due 2021. The drug chain said Monday that the proceeds of the debt offering, along with cash and/or borrowings via its revolving credit facility, would be used to redeem a corresponding amount of its outstanding 9.