East Pennsboro Township-based Rite Aid confirmed on Thursday that it rejected a buyout offer from a New Orleans-based private equity firm. 

A Delaware-based type foundry and design studio has filed a suit against Rite Aid and its creative and advertising agencies, alleging that the Camp Hill pharmaceutical chain violated a license agreement with the company when it used one of its fonts as part of a $700 million rebranding campaign. 

Rite Aid plans to shutter 63 of its stores as part of the first phase of a new store closure program, the Camp Hill-based pharmacy chain announced in its third quarter results for 2021. 

Rite Aid, headquartered in East Pennsboro Township, Cumberland County, plans to relocate its headquarters to Philadelphia as part of a new focus on remote work. 

For its first fiscal quarter ending May 29, Rite Aid Corp. reported a net loss from continuing operations of $13.1 million, or $0.24 loss per share.

Pennsylvania-based Rite Aid Pharmacy is partnering with the state to ease access to COVID-19 vaccinations for people with intellectual and developmental disabilities, Gov. Wolf announced.

The Pennsylvania Supreme Court ruled that it will not hear an appeal from the wife of a convicted former Rite Aid executive who sought to sue the pharmacy chain for stopping payments through her husband’s retirement package.

“We need to reach into other audiences and build our pipeline for growth,” said Erik Keptner, chief marketing and merchandising officer at Rite Aid. “That's why we are tuning much of our merchandising to attract that customer, but not at the expense of retaining our current customers.”

Rite Aid recently eliminated 254 corporate office positions as it looks to reduce cost amid growing COVID-19 related expenses.

Tyrone Russell, owner of Faces International, a marketing and advertising agency in Allentown, knows what racial inequality feels like. As a Black business owner launching a business eight years ago, obtaining financing was a challenge. After being turned down several times he finally secured a $15,000 loan, but at 10% interest. The lack of financing hampered the growth of his firm.