Rite Aid Corp., the third-largest U.S. drugstore chain, is trying out several new store formats as it works to reinvigorate its sales. The company plans to remodel 500 stores by the end of its fiscal year. It will also close 50 more locations, which would give it a total of about 4,650 stores.
_ Value: At the end of the fiscal first quarter, Rite Aid had 51 value stores, which offer less expensive merchandise and a smaller variety of items.
_ Grocery: Through a partnership with Supervalu Inc., it has added grocery sections to 10 stores in South Carolina, and the companies may expand that format to more locations.
_ Wellness: Rite Aid has also opened eight wellness stores. Those locations have new decorations and a variety of organic food, natural personal care items, and homeopathic products.