Connect with us

Uncategorized

Rite Aid Stock Down By Nearly 50% Year-To-Date

Published

on

Rite Aid has been struggling along with other local retail stores in the past few years. To better improve their situation, they have linked up with Amazon so that their customers can now buy online and pick up in-store. Rite Aid drugstores are getting the big boost they will need to survive while other stores are closing down.

Shares of Rite Aid have increased by 8% this Thursday since Amazon has announced the new service called “Counter.” Amazon shoppers will are now able to pick up packages at any one of the 1,500 Rite Aid locations by the end of this year.

Amazon has been adding programs like this in other retail stores like Best Buy and Kohl. Customers can buy online or in Amazon products like Fire TV to make local pickups.

Even though Rite Aid is still down nearly 50% year-to-date, they are looking forward to the boost in foot traffic in stores across the nation and increase stock value with this new Amazon program.

Read more

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Continue Reading

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

Is THE newsletter for…

INVESTORS TRADERS OWNERS

Stay up-to-date with the latest kick-ass interviews, podcasts, and more as we cover a wide range of topics, in the world of finance and technology. Don't miss out on our exclusive content featuring expert opinions and market insights delivered to your inbox 100% FREE!