Chloe Riley

1 week ago | supermarketnews.com | Chloe Riley

Troubled drugstore retailer Rite Aid has filed for bankruptcy for the second time in under two years, the retailer reported Monday. The move follows a prior restructuring effort that successfully lowered the Camp Hill, Pa. retailer’s debt but failed to resolve underlying business challenges. There were rumblings of a second bankruptcy in prior weeks as Rite Aid had reportedly run out of cash and was preparing to try to sell individual stores and close the rest.

3 weeks ago | supermarketnews.com | Chloe Riley

Walgreens will pay $300 million to settle federal accusations that the retailer illegally filled millions of invalid prescriptions for opioids, as well as violating the law by then additionally seeking payment for many of those invalid payments, The U.S. Department of Justice reported Monday. The settlement amount is based on Walgreens’s ability to pay, the U.S. DOJ said in a statement.

4 weeks ago | supermarketnews.com | Chloe Riley

A Colorado union is suing the Kroger-owned brands King Soopers and City Market, saying the retailers violated term agreements following an 11-day strike by workers. According to the lawsuit, filed Thursday, following an 11-day strike at 79 King Soopers by some 10,000 UFCW Local 7 workers in February, King Soopers had agreed to a 100-day pause on implementing any contract changes as part of an agreement to end that strike.

1 month ago | supermarketnews.com | Chloe Riley

Following the news of its $10 billion sale to private-equity company Sycamore Partners last month, Walgreens Boots Alliance on Tuesday reported a 5.5% decrease in retail sales for its second quarter, though overall sales for the pharmacy retailer were up. Comparable retail sales were down 2.8% from the year-ago quarter, driven by lower sales in discretionary categories including beauty, seasonal, and general merchandise.

1 month ago | supermarketnews.com | Chloe Riley

Kroger and Albertsons both saw explosive C-suite shifts last month…The month of March saw two of the biggest C-suite moves of the year, with both Kroger and Albertsons CEOs resigning on the same day, hours apart. Aside from that news, March also saw strategic moves in finance (a new CFO for Dollar Tree) and center store merchandising (The Giant Company). Read on for the moves that mattered last month.