Rite Aid (NYSE: RAD) announced today that The Rite Aid Foundation will donate $100,000 to the American Red Cross Disaster Relief Fund to help the victims, families and communities affected by Hurricane Sandy. In addition, Rite Aid will work closely with the American Red Cross to assess specific needs for other donations of emergency supplies.
“Our hearts go out to the people and communities affected by Hurricane Sandy,” said Ken Martindale, Rite Aid’s Chief Operating Officer and President of The Rite Aid Foundation. “As they start to rebuild, it’s important that they know they aren’t alone. Rite Aid is proud to partner with the American Red Cross and hope that our donation helps to make the recovery and rebuilding process a little easier.”
“The American Red Cross is grateful for The Rite Aid Foundation’s generous donation as we work to provide both help and hope to the people affected by the devastation of Hurricane Sandy,” said Neal Litvack, chief development officer of the American Red Cross. “The Red Cross is proud to partner with The Rite Aid Foundation and applauds its continued dedication when it comes to helping the communities they serve in their time of need.”
The vast majority of Rite Aid stores in those areas affected by the powerful storm are open and serving the prescription and merchandise needs of the local residents based on circumstances on the ground and direction from local authorities. The company is working closely with local authorities to reopen any of its locations closed due to power outages and storm damage.The Rite Aid Foundation, founded in July 2001, is a not-for-profit foundation dedicated to helping people in the communities Rite Aid serves. Since its inception, The Rite Aid Foundation has awarded grants totaling more than $14.3 million to approximately 1250 organizations in 629 communities. For more information on The Rite Aid Foundation, visit www.riteaid.com. Rite Aid Corporation is one of the nation’s leading drugstore chains with more than 4,600 stores in 31 states and the District of Columbia and fiscal 2012 annual revenues of $26.1 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts