Contact Us
North Rockland Daily Voice serves Garnerville, Grassy Point, Stony Point, Thiells, Tomkins Cove, Village of Haverstraw & West Haverstraw in Haverstraw Town
Return to your home site

Menu

North Rockland Daily Voice serves Garnerville, Grassy Point, Stony Point, Thiells, Tomkins Cove, Village of Haverstraw & West Haverstraw in Haverstraw Town

Nearby Towns

  • Ramapo
    serves Airmont, Chestnut Ridge, Hillburn, Hillcrest, Kaser, Monsey, Montebello, Mount Ivy, New Hempstead, New Square, Pomona, Sloatsburg, Spring Valley, Suffern, Tallman, Viola & Wesley Hills
  • Orangetown
    serves Blauvelt, Grand View-on-Hudson, Orangeburg, Palisades, Pearl River, Piermont, South Nyack, Sparkill & Tappan
  • Clarkstown
    serves Bardonia, Congers, Nanuet, New City, Upper Nyack, Valley Cottage & West Nyack
Breaking News: See You In Court: Cuomo To Sue Trump Administration Over Child Separation
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

North Rockland Daily Voice!

Serves Garnerville, Grassy Point, Stony Point, Thiells, Tomkins Cove, Village of Haverstraw & West Haverstraw in Haverstraw Town

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.