Contact Us
East Dutchess Daily Voice serves Amenia, Beekman, Dover, Millbrook, North East, Pawling, Pine Plains, Stanford, Union Vale & Washington
Return to your home site

Menu

East Dutchess Daily Voice serves Amenia, Beekman, Dover, Millbrook, North East, Pawling, Pine Plains, Stanford, Union Vale & Washington

Nearby Towns

  • Putnam
    serves Brewster, Carmel-Kent, Cold Spring, Mahopac, Patterson & Putnam Valley
  • Northwest Dutchess
    serves Clinton, Hyde Park, Milan, Pleasant Valley, Red Hook & Rhinebeck
  • Southwest Dutchess
    serves Beacon, East Fishkill, Fishkill, LaGrange, Poughkeepsie, Wappinger & Wappingers Falls
business

Rite Aid, Albertsons -- With $83 Billion In Revenue -- To Merge

Rite Aid in Mount Kisco. Photo Credit: Google Maps
Rite Aid in Hasbrouck Heights. Photo Credit: Google Maps
Rite Aid in New Windsor. Photo Credit: Google Maps

Supermarket giant Albertsons said Tuesday, Feb. 20 that it plans to buy the remnants of the struggling Rite Aid drugstore chain, according to multiple news reports.

But this report by Fortune said Albertsons might be buying a lemon in Rite Aid.

Albertsons is touting a better ability to serve pharmacy customers as one of the merger's potential benefits.

But in Rite Aid, Albertsons, a chain which operates grocery stores such as Safeway and Jewel-Osco on top of its namesake, is buying a severely diminished drugstore chain, Fortune reported.

Meanwhile, Walmart saw its stock drop by more than 10 percent on weak profit in reaction to the news

Both can blame Amazon, according to The New York Times in this article.

The old-line grocer, Albertsons, is striving for reinvigoration in a retail landscape being upended by e-commerce competitors and discount food stores. But it can be difficult for any company, no matter how strategic its deal-making, to pull off a revival in this environment, The Times reported.

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

East Dutchess Daily Voice!

Serves Amenia, Beekman, Dover, Millbrook, North East, Pawling, Pine Plains, Stanford, Union Vale & Washington

Get the news you need to know on the go.

Welcome to

East Dutchess Daily Voice!

Serves Amenia, Beekman, Dover, Millbrook, North East, Pawling, Pine Plains, Stanford, Union Vale & Washington

Hi! You've read our articles so we know you like our reporting. To keep reading please join our mailing list.

Get important news about your town as it happens.