Finance & Capital Management

Rite Aid has secured interim approval to access up to $3.45 billion in debtor-in-possession financing.

Dollar General's dual distribution facility in Blair represents an approximate $140 million economic investment and the creation of more than 400 jobs.

Chief operating officer John Mulligan will retire in February 2025; chief external engagement officer Laysha Ward will retire in April 2024.

Albertsons' net income was $266.9 million, or 46 cents per share, during the second quarter of fiscal 2023.

Rite Aid has received a commitment for $3.45 billion in new financing; names Jeffrey Stein as CEO, succeeding Elizabeth Burr, who has served as interim CEO since January 2023.

Thomas Cowhey, senior vice president of corporate finance, has been appointed interim CFO, while CEO of Oak Street Health, Mike Pykosz, has been named interim president of Health Services.

Vasos, who previously served as CEO from 2015 to 2022, is succeeding Jeff Owen, whose separation from the company and board is immediately effective.

WBA’s fourth quarter sales increased 9.2% from the year-ago quarter to $35.4 billion.