Rite Aid is attempting to implement a turnaround plan but is constrained by its excessive debt load of over six billion dollars. Management has put in place cost-cutting measures and revenue-enhancing initiatives, such as the Wellness+ loyalty program and the new “wellness store” format, but has limited capital available for such efforts. We will provide information about the company’s operations, lobby for an increased level of disclosure, and monitor the company’s progress as it seeks to improve its competitive position. We believe additional information will give stakeholders an enhanced picture of how well the company’s strategy is working. On this site you will find our original research and analysis focusing on what we believe to be Rite Aid’s reporting shortfalls and operational challenges.
For more information on Rite Aid’s financial track record, read The Back-Story: Rite Aid’s Troubled Past