Albertsons Buys Rite Aids After Kroger Sheds C-Stores

Albertsons Buys Rite Aids After Kroger Sheds C-Stores

The country’s two largest traditional grocery chains seem to have different strategies, with one removing an ancillary business and another beefing one up. Albertsons recently announced it is purchasing just over 2,500 Rite Aid drugstores, adding to its portfolio of...

2016: A Year of Retail Mergers

Consolidation in the retail industry was as pronounced as ever over the last 12 months. The latest mega deal that we’re absorbing is the proposed sale of 865 Rite Aid pharmacies by Walgreens Boots Alliance to Fred’s Inc. for $950 million. This is part of a larger...

Walgreens-Rite Aid Marriage Means Store Closings

We knew it would happen. A $9.4-billion acquisition by Walgreens Boots Alliance of Rite Aid is going to create a mega drugstore empire that will have nearly a combined 13,000 stores, if approved, making it larger than rival CVS, though, according to a Bloomberg...

Takeaways From ICSC’s Triple Net Conference

  Retail’s triple-net sector of commercial real estate has been hot for some time now, and if the recent ICSC N3 Triple Net Lease conference that some GRS Group team members attended is any indicator, that is not going to change very soon. First of all, the...