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4-Traders Homepage  >  Equities  >  Nyse  >  Rite Aid Corporation    RAD

RITE AID CORPORATION (RAD)
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Delayed Quote. Delayed  - 04/23 10:01:34 pm
1.55 USD   -1.90%
04/23RITE AID : closing Market Street store
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04/20RITE AID : closing Market Street store
AQ
04/19RITE AID : Commences Offer to Purchase Certain of its Outstanding Se..
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Rite Aid : closing Market Street store

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04/23/2018 | 06:00am CEST

Rite-Aid is closing its store on Market Street.

Going out of business signs have been posted at the location on the 800 block of Market Street and the website listed that the location is undergoing liquidation.

Rite Aid is currently being sold to grocery giant Albertsons with Walgreen's buying a large chunk of the company's locations around the country.

The sales were aimed at satisfying antitrust concerns.

A Walgreens operates in the vicinity of the Rite Aid.

It was not immediately known if the pending sale was related to the decision to close the store.

Rite Aid has not been in an expansion mode for many years as it recovered from an accounting scandal and dealt with stiff competition from CVS and Walgreens.

Market Street is changing rapidly, due to apartment construction in new and existing buildings.

The area has seen a continuing turnover of businesses over the years as the number of corporate jobs in the area diminishes and new residents move into the area.

Signs of a possible turnaround have appeared, thanks to the new apartments and the purchase of the DuPont Building, which will be converted into a modern headquarters complex for spin-off Chemours.

© Copyright © 2018 Bird Street Media, LLC, source Newspapers

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Latest news on RITE AID CORPORATION
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Financials ($)
Sales 2019 21 645 M
EBIT 2019 208 M
Net income 2019 -36,9 M
Debt 2019 2 221 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 20,67
EV / Sales 2019 0,18x
EV / Sales 2020 0,17x
Capitalization 1 687 M
Chart RITE AID CORPORATION
Duration : Period :
Rite Aid Corporation Technical Analysis Chart | RAD | US7677541044 | 4-Traders
Technical analysis trends RITE AID CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 2,00 $
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
John T. Standley Chairman & Chief Executive Officer
Kermit R. Crawford President & Chief Operating Officer
Bryan B. Everett Chief Operating Officer-Rite Aid Stores
Darren W. Karst Chief Financial & Administrative Officer, SEVP
Steve Rempel Chief Information Officer & Senior Vice President
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