Rite Aid Corporation (NYSE:RAD) backs camps for children with sick parents


Dallas, Texas 09/03/2013 (Financialstrend) – The Rite Aid Corporation (NYSE:RAD) has made a donation of around $5,000 to the University of Richmond chapter of Camp Kesem that is a national system of college pupil-run summer camps for kids whose moms and dads have or had cancer.

Named after the Hebrew word for “magic,” Camp Kesem is made to offer kids aged 6 to 16 a supportive camp society, which aids meet their exclusive emotional requirements. The grant will aid fund scholarships for kids.

The Rite Aid Foundation has also donated around $5,000 to Camp Kesem during the last year (2012) as well.

“There’re approximately 1.7 million cancer cases per year in the US zone,” stated Gayle Rife, manager of The Rite Aid Foundation.

Since being set up during the year 2000 by 4 Stanford University pupils, Camp Kesem chapters across the US have served lakhs of kids.

The University of Richmond plan was established in the year 2009 and is among the around 40 Camp Kesem programs crosswise the US. Rite Aid functions almost 200 stores crosswise Virginia.

David Einhorn Bets on a Rite Aid Corporation (NYSE:RAD) Turnaround

Hedge fund manager David Einhorn seems to be playing on Rite Aid Corporation (NYSE:RAD)’s revival. In the 2nd quarterly period, Einhorn’s fund, Greenlight Capital, purchased 20.2 million scrips of the pharmacy.

The company has been on a stable upswing all year, and Einhorn’s Rite Aid trade is almost confidently gainful. Year-to-date, the scrip of the firm remained up by over 158%, and further upside is expected.

Company’s July comps bettered

Drugstore chain retail merchant, Rite Aid Corporation (NYSE:RAD) registered minor growth in comparable-store sale figures for July this year. The firmy’s comps for the four week period ended Jul 27, 2013 bettered by 1.3 per cent over the last year period, mainly driven by enhanced comps outcomes at its pharmacy as well as front-end stores.