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BUSINESS
August 21, 2011 | By Andrew Leckey
Question: I have been encouraged and then discouraged by my shares of Rite Aid Corp. What does the future hold? Answer: It's not easy being No. 3. The nation's third-largest retail drugstore chain has less productive stores and carries more debt than industry leaders Walgreen Co. and CVS Caremark Corp. Supermarket chains, discount stores and mail-order pharmacies are also providing fierce competition. The company is trying out several new store formats and increasing promotional activity to try to lure consumers worried about unemployment and high fuel costs.
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BUSINESS
January 30, 2014 | David Lazarus
Moira Hahn, like many consumers, always took it for granted that businesses wanted as much of her personal information as they could get. She didn't really start thinking about how such practices could come back to bite her until she became one of the millions of Target customers recently warned that her sensitive data could be in the hands of hackers. Credit and debit card numbers of as many as 110 million Target shoppers, along with their names, addresses and other info, were jeopardized after the company's databases were accessed after Thanksgiving by identity thieves.
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BUSINESS
April 3, 2009 | Associated Press
Rite Aid Corp. is planning to shut down as many as 117 stores over the next year as it tries to cut costs after the drugstore operator's loss more than doubled in the fiscal fourth quarter. The Camp Hill, Pa., company said the closings would be scattered around the country, targeting stores with weak sales and those that are close to another Rite Aid. Rite Aid said its fourth-quarter results were hurt by the recession, a fairly mild flu season and the introduction of new low-cost generic drugs.
CALIFORNIA | LOCAL
November 29, 2013 | By Hailey Branson-Potts
An armed man who barricaded himself in a La Crescenta Verizon store Friday and was involved in an hours-long standoff with authorities is dead, according to the Los Angeles County Sheriff's Department. According to the Crescenta Valley sheriff's  station Twitter feed , “Suspect inside deceased apparently by his own hand.” Sheriff's deputies fired no shots, according to the station. The standoff began about 5 p.m. when the man barricaded himself in the cellphone store at the Marketplace Shopping Center in the 2600 block of Foothill Boulevard, said a spokeswoman at the sheriff's station.
CALIFORNIA | LOCAL
August 29, 2009 | Times Staff And Wire Reports
Alex Grass, who opened a small health and beauty aids store in Scranton, Pa., in 1962 and built it into Rite Aid Corp., one of the nation's largest drugstore chains, died Thursday. He was 82. Grass, who was also a philanthropist, died of lung cancer at his home in Harrisburg, Pa., said Elizabeth Grass Weese, one of his four children. He had had the disease for a decade. An attorney by training, Grass came to retailing almost by accident when he went to work for his father-in-law's grocery distribution company in 1951.
BUSINESS
June 5, 2001 | Lisa Girion
Rite Aid Corp. agreed to pay $25 million to settle overtime claims by about 3,000 store managers, assistant managers and managers-in-training in its California stores. Each manager will receive about $35 for each week worked since October 1994, under the terms of the agreement, which received preliminary approval from San Diego Superior Court Judge J. Richard Haden, said Matt Righetti, a San Francisco-based lawyer who is representing the workers.
BUSINESS
March 17, 2006 | From Times Wire Reports
Robert Miller, chairman of Rite Aid Corp., will become chief executive of the Albertsons Inc. operations that are being acquired by an investment group headed by Cerberus Capital Management, Cerberus said Thursday. Albertsons, the No. 2 U.S. supermarket operator and the third-biggest in Southern California, is being bought by Supervalu Inc., CVS Corp. and the Cerberus-led investment group in a deal set to close this summer.
NEWS
December 19, 2000 | From Times Wire Reports
Rite Aid Corp., the nation's No. 3 drugstore chain, has pulled all Super Speeder II Scooters from its shelves because of safety warnings from the manufacturer. Hong Kong-based Excite Ltd. told the Camp Hill, Pa.-based Rite Aid that it had received complaints from consumers who pinched their fingers in the front folding mechanism.
BUSINESS
November 19, 1999 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
The Securities and Exchange Commission is launching a formal probe into Rite Aid Corp.'s finances, the ailing pharmacy retailer said in a Thursday public filing. Neither Rite Aid nor the SEC provided details about the probe, the latest in a string of bad news from the nation's second-largest drug retailer. In its SEC filing, Rite Aid also described events leading to the resignation of its auditor earlier this week.
BUSINESS
February 24, 2000 | Reuters
Rite Aid Corp. said a Florida state court has dismissed a lawsuit charging the drugstore chain with deceptive trade practices, civil theft and racketeering. Rite Aid, based in Camp Hill, Pa., said a circuit court in Tallahassee dismissed the suit, which was filed by the Florida attorney general in September. The suit included accusations that Rite Aid billed customers different prices for the same prescription drugs.
CALIFORNIA | LOCAL
November 29, 2013 | By Hailey Branson-Potts
An armed man who barricaded himself in a La Crescenta Verizon store Friday afternoon first robbed a Rite Aid in the same shopping center, one shopper told The Times. Rachel Belofsky of Sunland and her mother had stopped at the Rite Aid to pick up a few items in what they thought would be a quick trip. When they walked in, Belofsky heard staff calling the police. She went to the pharmacy and said the "pharmacist was shaking" and told her "the guy robbed them for drugs" and ran out of the store.
BUSINESS
July 28, 2013 | By Jessica Naziri
Whether it's a life - size hologram or a smart garden, the latest start-ups and creative visionaries are placing their projects on Kickstarter to raise money. The online funding platform enables ordinary people to financially back projects through crowd sourcing.  Project creators set a funding goal and deadline, and if people like it, they can pledge money to make it happen. Many people pledge funds because they're inspired by new ideas. Others seek the rewards - a copy of what's being made, a limited-edition item or a custom experience related to the project.
BUSINESS
March 14, 2013 | By Shan Li, Los Angeles Times
At a spot on Sunset Boulevard and Vine Street in Hollywood, visitors scoop up sushi, taste frozen yogurt and order lattes. But this isn't a restaurant or even a fancy supermarket. It's that Main Street staple: Walgreens. "It's like an amusement park," gushed West Hollywood resident Brent Leonesio, 30, as he eyed the line of people waiting to pick up caffeinated drinks to go. "They've kind of made this into a destination. It's actually fun to come here. " Once mainstays for late-night snack runs and toilet paper emergencies, drugstores are shaking off their stale image and going upscale.
BUSINESS
October 23, 2012 | David Lazarus
Ivor Davis received a call recently from the Target pharmacy near his home in Ventura. He was informed he could pick up a refill of medication for his wife, Sally, who is battling pancreatic cancer. Davis, 74, told me he and his wife like to be flexible in deciding where and when they purchase her drugs. Sometimes they refill prescriptions during visits to Seattle. Sometimes Davis crosses the border into Canada, where the usual $166 cost for Sally's pills can be cut in half. They never ask any pharmacy to refill an order until they're ready, which is why Target's call came as such a surprise.
BUSINESS
August 21, 2011 | By Andrew Leckey
Question: I have been encouraged and then discouraged by my shares of Rite Aid Corp. What does the future hold? Answer: It's not easy being No. 3. The nation's third-largest retail drugstore chain has less productive stores and carries more debt than industry leaders Walgreen Co. and CVS Caremark Corp. Supermarket chains, discount stores and mail-order pharmacies are also providing fierce competition. The company is trying out several new store formats and increasing promotional activity to try to lure consumers worried about unemployment and high fuel costs.
CALIFORNIA | LOCAL
October 8, 2010 | By Andrew Blankstein, Los Angeles Times
Two robbers posing as police officers abducted a man at gunpoint Thursday morning as he was preparing to deliver pharmaceuticals to a San Fernando Valley drugstore, Los Angeles police said. The victim, who was not immediately identified, had just gotten out of his delivery truck in front of the Rite Aid pharmacy in the 13300 block of Riverside Drive in Sherman Oaks when he was confronted by two men armed with semiautomatic handguns and wearing sweatshirts with the word "police" on them.
BUSINESS
March 11, 2003 | From Bloomberg News
KPMG agreed to pay $125 million to settle a suit filed by shareholders of Rite Aid Corp., which restated $1.6 billion in profit. KPMG, the former auditors for Rite Aid, said it was settling to avoid protracted litigation. Three former top Rite Aid officers face a trial in June on charges of accounting fraud, and a fourth has pleaded guilty. KPMG resigned as the company's auditor in November 1999. KPMG also agreed to pay $75 million to settle a suit that alleged it helped Oxford Health Plans Inc.
BUSINESS
December 14, 2009
At a glance TODAY Treasury auction TUESDAY Labor Department releases the Producer Price Index for November. Treasury releases money flows data for October. Federal Reserve releases industrial production data for November. National Assn. of Home Builders releases housing market index for December. Federal Reserve Board meets. Quarterly earnings reports due from Adobe Systems and Best Buy. WEDNESDAY Labor Department releases Consumer Price Index for November.
ENTERTAINMENT
September 11, 2009 | Glenn Whipp
It doesn't take long for the flashbacks to start piling up for U.S. Marshal Carrie Stetko (Kate Beckinsale) in the anti-mystery movie "Whiteout." Now working in Antarctica, Marshal Stetko keeps climbing in the wayback machine and remembering her bad old law-enforcement days in Miami where an arrest went awry while bad salsa music played in the background. "It's like it's 85 degrees and 85% humidity," Stetko tells a colleague of the sweaty scenario, which may partly explain why in the first 10 minutes of this laughably lame film, Beckinsale peels off her clingy white underwear and hops into the shower.
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