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	<title>Comments on: Rite Aid, revisited&#8230;</title>
	<atom:link href="http://www.footnoted.org/odds-and-ends/rite-aid-revisited/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/</link>
	<description>Michelle Leder's guide to what's hiding in SEC filings</description>
	<pubDate>Tue, 07 Oct 2008 06:26:07 +0000</pubDate>
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		<title>By: Bob</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5983</link>
		<dc:creator>Bob</dc:creator>
		<pubDate>Sat, 09 Aug 2008 19:09:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5983</guid>
		<description>I am an assistant manager of a Riteaid store and agree with what is being said here. The list of tasks to be done on a daily basis is daunting and leaves  no time to properly take care of the customer. Stores are undermanned, morale is very low and sale items are never available in needed quantities. District managers treat store level management extremely poorly and emails from them are threatening and  demeaning. Store managers and salaried assistants get no sick days or personal days. That is ludicrous. When a manager takes a vacation the workload on the rest of the staff is too much to handle. I don't want to  repeat what is being said here but just add my agreement that this Company leaves a lot to be desired.</description>
		<content:encoded><![CDATA[<p>I am an assistant manager of a Riteaid store and agree with what is being said here. The list of tasks to be done on a daily basis is daunting and leaves  no time to properly take care of the customer. Stores are undermanned, morale is very low and sale items are never available in needed quantities. District managers treat store level management extremely poorly and emails from them are threatening and  demeaning. Store managers and salaried assistants get no sick days or personal days. That is ludicrous. When a manager takes a vacation the workload on the rest of the staff is too much to handle. I don&#8217;t want to  repeat what is being said here but just add my agreement that this Company leaves a lot to be desired.</p>
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		<title>By: Rite Aid Employee</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5898</link>
		<dc:creator>Rite Aid Employee</dc:creator>
		<pubDate>Sun, 27 Jul 2008 07:25:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5898</guid>
		<description>It's amazing...I work an entire eight hour shift as a cashier with just me and the manager sometimes.  Not even the actual manager the assistant manager.  We have two hourly assistants and one salaried manager.  That's all.  One or two cashiers working at a time.  We'll have three or four associates in the day the truck comes in so we can actually load it out.  It's impossible to provide adequate customer service when you are severely undermanned.

Rite Aid, and when I say Rite Aid in this case I mean corporate, doesn't get it.  They are doing the worst possible thing they can possibly do: they are expanding too quickly, without sufficient resources to do so.  They should have taken more time to strengthen its own stores, their customer service, and especially, their business model.  Their business model is garbage to be quite frank.  It is completely backwards.  They ask for the store to have a boatload of things to be done when it's just impossible.  There's just such a disconnect from corporate all the way down to the sales floor where I try my best to apologize to customer after customer that we don't have items the circular promised them.  They don't understand this...they promised an item, and they fail to deliver.   I can be the nicest person in all of the universe, if we do not stock properly and fail to deliver, no one will continue to shop at Rite Aid.  A 19 year old college sophomore making minimum wage in myself can grasp this: but the big wigs with their MBAs apparently cannot grasp simple logic.  Nice work, Rite Aid.

It's simple: you have massive debt.  What you must do: scale back.  Stores close to each other must be closed.  Low traffic, low profit stores must be closed.  They are dragging the company down.  When the company gets its proverbial feet back on the ground they can open more stores and expand.  Walgreens does this: I don't see them buying out chains on Long Island yet they still find a way to make new stores.  All they do is rent out corner lots in high traffic areas.  As opposed to spending billions to acquire Eckerd, formerly held by the Jean Coteu group, which was an overvalued property on the east coast.  At least in New York where I am, CVS lapped Eckerd, and it is beating Rite Aid by even more thanks to Rite Aid's faulty business model.

By scaling back, you free up more money to strengthen other Rite Aid locations.  This way those locations make revenue, and alleviate the long term debt.  Then you move forward and all new locations are run the way when from that point forward.  The way stores are supposed to be run: honest, fully stocked, and with a large intent on customer service.

~Rite Aid Cashier making $7.25 in New York</description>
		<content:encoded><![CDATA[<p>It&#8217;s amazing&#8230;I work an entire eight hour shift as a cashier with just me and the manager sometimes.  Not even the actual manager the assistant manager.  We have two hourly assistants and one salaried manager.  That&#8217;s all.  One or two cashiers working at a time.  We&#8217;ll have three or four associates in the day the truck comes in so we can actually load it out.  It&#8217;s impossible to provide adequate customer service when you are severely undermanned.</p>
<p>Rite Aid, and when I say Rite Aid in this case I mean corporate, doesn&#8217;t get it.  They are doing the worst possible thing they can possibly do: they are expanding too quickly, without sufficient resources to do so.  They should have taken more time to strengthen its own stores, their customer service, and especially, their business model.  Their business model is garbage to be quite frank.  It is completely backwards.  They ask for the store to have a boatload of things to be done when it&#8217;s just impossible.  There&#8217;s just such a disconnect from corporate all the way down to the sales floor where I try my best to apologize to customer after customer that we don&#8217;t have items the circular promised them.  They don&#8217;t understand this&#8230;they promised an item, and they fail to deliver.   I can be the nicest person in all of the universe, if we do not stock properly and fail to deliver, no one will continue to shop at Rite Aid.  A 19 year old college sophomore making minimum wage in myself can grasp this: but the big wigs with their MBAs apparently cannot grasp simple logic.  Nice work, Rite Aid.</p>
<p>It&#8217;s simple: you have massive debt.  What you must do: scale back.  Stores close to each other must be closed.  Low traffic, low profit stores must be closed.  They are dragging the company down.  When the company gets its proverbial feet back on the ground they can open more stores and expand.  Walgreens does this: I don&#8217;t see them buying out chains on Long Island yet they still find a way to make new stores.  All they do is rent out corner lots in high traffic areas.  As opposed to spending billions to acquire Eckerd, formerly held by the Jean Coteu group, which was an overvalued property on the east coast.  At least in New York where I am, CVS lapped Eckerd, and it is beating Rite Aid by even more thanks to Rite Aid&#8217;s faulty business model.</p>
<p>By scaling back, you free up more money to strengthen other Rite Aid locations.  This way those locations make revenue, and alleviate the long term debt.  Then you move forward and all new locations are run the way when from that point forward.  The way stores are supposed to be run: honest, fully stocked, and with a large intent on customer service.</p>
<p>~Rite Aid Cashier making $7.25 in New York</p>
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		<title>By: Marjorie</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5809</link>
		<dc:creator>Marjorie</dc:creator>
		<pubDate>Tue, 15 Jul 2008 01:38:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5809</guid>
		<description>I work for Rite Aid, currently going on 5 years with the company.  All I can say is most people here are right. The pay is minimum wage, for cashiers. And shift supervisors, like me, only get paid slightly more than that. Not enough to really pride yourself on. But I really try to give Rite Aid the benefit of the doubt sometimes, cause it seems like they have good intentions, at least with the customers. Sometimes I think they have there business thing all backwards though, for instance, they must have 10 different "programs" to "help" boost morale, improve customer service and all. But they seem blind to me, how do you think morale and customer service is going to be when you give the store no hours to work with, only enough to keep it open and a giant list of things that have to be completed in a work week. Stocking Shelves, Price Changes(that never seem to go down), cycle counts, zeros, deposits, checking in vendors, planograms, clearance, cleaning the store, running photo, and doing all the paper work in between. Please! I can tell you right now, we never seem to have Time to check the whole store for out dates! I don't agree with selling out dates either! But come on, we are expected to do all that in a week!</description>
		<content:encoded><![CDATA[<p>I work for Rite Aid, currently going on 5 years with the company.  All I can say is most people here are right. The pay is minimum wage, for cashiers. And shift supervisors, like me, only get paid slightly more than that. Not enough to really pride yourself on. But I really try to give Rite Aid the benefit of the doubt sometimes, cause it seems like they have good intentions, at least with the customers. Sometimes I think they have there business thing all backwards though, for instance, they must have 10 different &#8220;programs&#8221; to &#8220;help&#8221; boost morale, improve customer service and all. But they seem blind to me, how do you think morale and customer service is going to be when you give the store no hours to work with, only enough to keep it open and a giant list of things that have to be completed in a work week. Stocking Shelves, Price Changes(that never seem to go down), cycle counts, zeros, deposits, checking in vendors, planograms, clearance, cleaning the store, running photo, and doing all the paper work in between. Please! I can tell you right now, we never seem to have Time to check the whole store for out dates! I don&#8217;t agree with selling out dates either! But come on, we are expected to do all that in a week!</p>
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		<title>By: JOE</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5776</link>
		<dc:creator>JOE</dc:creator>
		<pubDate>Thu, 10 Jul 2008 04:25:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5776</guid>
		<description>I am a former employee of rite aid and I completly agree with Marie about the store needing more personnel.  This company has no intention of making a difference in the local communities, providing better customer service, or taking care of their employees.  Yes they do have a service improvement advisor in place.  what it exactly does is beside me.  I myself implemented this program on all levels in the store and got nothing but negative feedback fom the staff.  The focus of corporate should be more on their prices instead of the constant creation and implementation of policies.  The employees that say they enjoy their job are either darn good employees or employees who have little or no responsibilty.</description>
		<content:encoded><![CDATA[<p>I am a former employee of rite aid and I completly agree with Marie about the store needing more personnel.  This company has no intention of making a difference in the local communities, providing better customer service, or taking care of their employees.  Yes they do have a service improvement advisor in place.  what it exactly does is beside me.  I myself implemented this program on all levels in the store and got nothing but negative feedback fom the staff.  The focus of corporate should be more on their prices instead of the constant creation and implementation of policies.  The employees that say they enjoy their job are either darn good employees or employees who have little or no responsibilty.</p>
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		<title>By: marie</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5700</link>
		<dc:creator>marie</dc:creator>
		<pubDate>Fri, 27 Jun 2008 04:15:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5700</guid>
		<description>Since Rite aid took over the Eckerd stores sales have dropped dramitically. Pharmacy waits are much longer. It is harder to keep stock shelves and and even when the trucks do come in you have no staff to get the merchandise out because of payroll cuts, So for them to say that sales have increased in the Eckerd stores are a severe understatement of the facts. How can you be a customer satisfaction store when all you have running these stores are a cashier and a manager So who exactly is helping these customers.????????? And they wonder why things aren't going there way. When sales go down you don't cut payroll you increase it to get more help in to these stores to we can make there shopping experience better.</description>
		<content:encoded><![CDATA[<p>Since Rite aid took over the Eckerd stores sales have dropped dramitically. Pharmacy waits are much longer. It is harder to keep stock shelves and and even when the trucks do come in you have no staff to get the merchandise out because of payroll cuts, So for them to say that sales have increased in the Eckerd stores are a severe understatement of the facts. How can you be a customer satisfaction store when all you have running these stores are a cashier and a manager So who exactly is helping these customers.????????? And they wonder why things aren&#8217;t going there way. When sales go down you don&#8217;t cut payroll you increase it to get more help in to these stores to we can make there shopping experience better.</p>
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		<title>By: Cheryl M.</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5325</link>
		<dc:creator>Cheryl M.</dc:creator>
		<pubDate>Thu, 08 May 2008 22:42:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5325</guid>
		<description>I worked for Rite Aid many years ago and my husband has been a loyal employee for over 10 years.  He has worked hard and taken on more duties and tasks (without additional pay) only to be passed over for promotion time and time again.  Rite Aid always tauts the motto of "promote from within" but all of the recent promotions have been given to employees with no tenure or individuals from competing pharmacies.  It makes me sick to no end the dedication my husband gives to this chain as a top notch pharmacist.  He makes the same money as less qualified pharmacists that fill fewer prescriptions and who are not capable of customer service and patient care.  Many people have thanked my husband endlessly for all his help and his willingness to go the extra mile to help.  Because of the shortage of pharmacists in our area any pharmacist with a current license that can breath gets hired.  The sad fact of the business is that there are too many holes to fill in every district and there is no longer any advantage to doing an exceptional job.  With a set payscale across the board and no promotions for the dedicated and exceptional I expect that Rite Aid's stock on wall street and with customers will not improve.  While my husband is considering quitting he is exploring other options and the grass is not always greener on the other side.  All of the big chains have reduced the profession of Pharmacist to a level so low that they should be ashamed of themselves.</description>
		<content:encoded><![CDATA[<p>I worked for Rite Aid many years ago and my husband has been a loyal employee for over 10 years.  He has worked hard and taken on more duties and tasks (without additional pay) only to be passed over for promotion time and time again.  Rite Aid always tauts the motto of &#8220;promote from within&#8221; but all of the recent promotions have been given to employees with no tenure or individuals from competing pharmacies.  It makes me sick to no end the dedication my husband gives to this chain as a top notch pharmacist.  He makes the same money as less qualified pharmacists that fill fewer prescriptions and who are not capable of customer service and patient care.  Many people have thanked my husband endlessly for all his help and his willingness to go the extra mile to help.  Because of the shortage of pharmacists in our area any pharmacist with a current license that can breath gets hired.  The sad fact of the business is that there are too many holes to fill in every district and there is no longer any advantage to doing an exceptional job.  With a set payscale across the board and no promotions for the dedicated and exceptional I expect that Rite Aid&#8217;s stock on wall street and with customers will not improve.  While my husband is considering quitting he is exploring other options and the grass is not always greener on the other side.  All of the big chains have reduced the profession of Pharmacist to a level so low that they should be ashamed of themselves.</p>
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		<title>By: Steve Weiss</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5259</link>
		<dc:creator>Steve Weiss</dc:creator>
		<pubDate>Tue, 06 May 2008 23:57:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5259</guid>
		<description>Rite Aid remains the worst managed pharmacy among the 4 in our neighborhood (upper east side). Low inventory, long check out lines, disinterested clerks. We walk the extra block to Walgreens.</description>
		<content:encoded><![CDATA[<p>Rite Aid remains the worst managed pharmacy among the 4 in our neighborhood (upper east side). Low inventory, long check out lines, disinterested clerks. We walk the extra block to Walgreens.</p>
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		<title>By: Robert Hackett</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5251</link>
		<dc:creator>Robert Hackett</dc:creator>
		<pubDate>Tue, 06 May 2008 16:08:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5251</guid>
		<description>Comments from Southern CA:

Not many RiteAids here in SoCal (hadn't even heard of Duane Reed).  CVS seems to have the monopoly, though the customer service is quite poor.  RiteAid seems to be in the lower income areas.  When the areas hit a certain threshold, they seem to convert to CVS.  Not sure why this is.</description>
		<content:encoded><![CDATA[<p>Comments from Southern CA:</p>
<p>Not many RiteAids here in SoCal (hadn&#8217;t even heard of Duane Reed).  CVS seems to have the monopoly, though the customer service is quite poor.  RiteAid seems to be in the lower income areas.  When the areas hit a certain threshold, they seem to convert to CVS.  Not sure why this is.</p>
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		<title>By: jag</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5222</link>
		<dc:creator>jag</dc:creator>
		<pubDate>Mon, 05 May 2008 22:22:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5222</guid>
		<description>Where in New York City would going to a Rite Aid be easier than finding a Duane Reade? Seriously, there's like one on every block near where I live.</description>
		<content:encoded><![CDATA[<p>Where in New York City would going to a Rite Aid be easier than finding a Duane Reade? Seriously, there&#8217;s like one on every block near where I live.</p>
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		<title>By: Mary Sheridan</title>
		<link>http://www.footnoted.org/odds-and-ends/rite-aid-revisited/#comment-5220</link>
		<dc:creator>Mary Sheridan</dc:creator>
		<pubDate>Mon, 05 May 2008 20:55:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.footnoted.org/?p=1864#comment-5220</guid>
		<description>I have heard that the "paint &#38; powder-coat" process (making the stores uniform since takeover) has stopped due to finances.</description>
		<content:encoded><![CDATA[<p>I have heard that the &#8220;paint &amp; powder-coat&#8221; process (making the stores uniform since takeover) has stopped due to finances.</p>
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