Rite Aid Heads West To Fill Executive Positions, Taps Fred Meyer Talent
This article was originally published in The Rose Sheet
Executive Summary
Rite Aid's appointment of four former Fred Meyer executives to top management positions signifies a change in the drug store chain's West Coast business strategy.
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Rite Aid Private Label Bath & Body Launch Is First Under New Management
Rite Aid is launching its first private label bath & body initiative since restructuring its management in 1999. Three new lines of products, slated to bow in April in Rite Aid's 3,700 doors, are projected to generate between $8 mil.-$12 mil. in annual sales, Rite Aid said.
Rite Aid Private Label Bath & Body Launch Is First Under New Management
Rite Aid is launching its first private label bath & body initiative since restructuring its management in 1999. Three new lines of products, slated to bow in April in Rite Aid's 3,700 doors, are projected to generate between $8 mil.-$12 mil. in annual sales, Rite Aid said.
Rite Aid
Former Interim CEO Timothy Noonan resigns from both the retailer and its board March 1. After 30 years with Rite Aid, Noonan intends to pursue other opportunities, the chain drug store says. Noonan was named interim CEO last October with the resignation of chief exec Martin Grass (1"The Rose Sheet" Oct. 25, 1999, p. 12). Robert Miller, Noonan's successor, was one of four former Fred Meyer execs appointed to top management positions in late 1999 (2"The Rose Sheet" Dec. 13, 1999, p. 11). Rite Aid Vice Chairman Franklin Brown resigns from the board effective May 29