Rite Aid and GNC Announce Extension of Partnership Through 2022

09:00 EST 19 Feb 2019 | Businesswire

Rite Aid Corporation and GNC

Rite Aid Corporation (NYSE: RAD), one of the nation’s leading drugstore chains, and GNC (NYSE: GNC), a leading global specialty retailer of health and wellness products, announced today an agreement which extends their partnership through 2022. Rite Aid and GNC have had an exclusive partnership in the chain drug channel since December 1998.

This press release features multimedia. View the full release here:

“Our more than 20-year partnership with GNC has provided Rite Aid with a key point of differentiation in the marketplace while strengthening our reputation as a health and wellness destination for our customers,” said Bill Renz, Rite Aid senior vice president of category management. “We’re pleased to extend our partnership and continue offering the highly popular GNC products our customers know and trust as we also focus on launching innovative GNC brands in our stores throughout the coming year.”

There are approximately 2,200 GNC store-within-a-store locations operating in Rite Aid stores nationwide, including a majority of Rite Aid’s wellness stores.

“Our GNC brand has benefitted tremendously from being prominently featured at Rite Aid stores throughout the country,” said Allen McClard, GNC senior vice president and chief merchandising officer. “As a global brand that helps people live well, we share Rite Aid’s commitment to meeting the unique health and wellness needs of our customers. We look forward to working together to continue meeting these needs while collaborating to drive further innovation at Rite Aid stores.”

Rite Aid Corporation (NYSE: RAD) is one of the nation's leading drugstore chains with fiscal 2018 annual revenues of $21.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at

GNC Holdings, Inc. (NYSE: GNC) is a global health and wellness brand that helps people live well. The company is known and trusted for quality performance and nutritional supplements, and its broad assortment features innovative private-label products as well as national recognized third-party brands, many of which are exclusive to GNC.

GNC’s diversified, multi-channel business model has global reach and a well-recognized, trusted brand, and provides customers with excellent service, product knowledge and solutions. The company reaches consumers worldwide through company-owned retail locations, and domestic and international franchise activities, and e-commerce. GNC also has exceptional innovation and product development capabilities, manufactures products for third parties and generates revenue through corporate partnerships. As of September 30, 2018, GNC had approximately 8,500 locations, of which approximately 6,400 retail locations are in the United States (including approximately 2,200 Rite Aid franchise store-within-a-store locations) and franchise operations in approximately 50 countries.

Rite Aid
Byron Purcell
(717) 975-5809

Chris Savarese
(717) 975-5718

Matt Milanovich
(412) 402-7260


More From BioPortfolio on "Rite Aid and GNC Announce Extension of Partnership Through 2022"

Quick Search


Relevant Topics

Collaborations in biotechnology
Commercial and academic collaborations are used throughout the biotechnology and pharmaceutical sector to enhance research and product development. Collaborations can take the form of research and evaluation agreements, licensing, partnerships etc. ...

Mergers & Acquisitions
Commercial and market reports on mergers and acquisitions in the biotechnology, pharmaceutical, medical device and life-science industries. Mergers and acquisitions (abbreviated M&A;) is an aspect of corporate strategy, corporate finance and manageme...

Drug Discovery
Clinical Approvals Clinical Trials Drug Approvals Drug Delivery Drug Discovery Generics Drugs Prescription Drugs In the fields of medicine, biotechnology and pharmacology, drug discovery is the process by which drugs are dis...