Rite Aid?s suffering is even more glaring when compared to the 10% decline in SPDR S&P Retail (ETF) (NYSEARCA:XRT), which gives a broader view of the retail environment and its overall struggles with the dominance of Amazon.com, Inc. (NASDAQ:AMZN. Ken Martindale, president and chief executive of Rite Aid Stores, is leaving the pharmacy chain to become CEO of GNC Holdings Inc. (NYSE:GNC), the Pittsburgh-based nutrition giant. While Martindale?s departure might seem as a near-term headwind, since he?s been at the company since December 2008, it can also reveal that Rite Aid is not a weak as the struggles in RAD stock might suggests.
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