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Rite Aid is moving quickly to close additional store locations after selling a substantial chunk of its pharmacy business to other companies last week. The drugstore chain, which is winding down operations after seeking Chapter 11 bankruptcy protection for a second time earlier this month, has listed 95 store locations that it wants to close as it continues to seek buyers for its retail operations. The locations span six states, with Rite Aid’s home state of Pennsylvania being hit hardest. The list includes more than 70 Pennsylvania stores. Competitors scoop up Rite Aid’s pharmacy assets The move to close additional locations was disclosed in a court filing one day after Rite Aid announced that it has reached agreements to sell its prescription files for more than 1,000 pharmacy locations, most of Rite Aid’s fleet. CVS Pharmacy, Walgreens, Albertsons, Kroger, and Giant Eagle were among the successful bidders, the company said. The sale agreements still need to be approved by a court. Rite Aid also said that CVS will take over “many” pharmacy locations in Washington state, Oregon, and Idaho, although it did not name the locations. CVS, in its own announcement, said it planned to buy prescription files for 625 locations but that it was only taking over 64 physical Rite Aid stores. That leaves the immediate fate of many Rite Aid locations uncertain. Although all locations will cease to be Rite Aid stores eventually, Rite Aid is still seeking to sell some of them to other retailers. An auction is planned for June. In the meantime, expect the 95 stores listed below to close soon. Fast Company reached out to Rite Aid for a more specific timeline. The shuttering of these locations comes after previous Rite Aid filings revealed that it would close 47 initial stores followed by 68 additional stores last week, for a total of 210 closures so far. At the time of its bankruptcy filing, Rite Aid revealed that it had 1,277 pharmacies, three distribution centers, and more than 24,000 employees across 15 states. Rite Aid closures revealed on May 16: California 1583 Highway 99, Gridley, CA 95948 2140 Contra Costa Boulevard, Pleasant Hill, CA 94523 3105 Rancho Vista Boulevard, Palmdale, CA 93551 37435 Main Street, Burney, CA 96013 Delaware 38169 Dupont Boulevard, Selbyville, DE 19975 Maryland 2801 Foster Avenue, Baltimore, MD 21224 101 Marlboro Ave Ste 15, Easton, MD 21601 25 Jones Station Road West, Severna Park, MD 21146 Oregon 1900 Mcloughlin Blvd., Oregon City, OR 97045 16261 South Highway 101, Harbor, OR 97415 2336 North Coast Highway, Newport, OR 97365 4500 Commercial Street, S.E., Salem, OR 97302 1430 NW Garden Valley Blvd, Roseburg, OR 97471 Pennsylvania 1701 Duncan Avenue, Allison Park, PA 15101 2302 Sheffield Road, Aliquippa, PA 15001 3331 Pleasant Valley Blvd., Altoona, PA 16602 4400 Pennell Road, Aston, PA 19014 1799 Third Street, Beaver, PA 15009 5100 Library Road, Bethel Park, PA 15102 503 Clifton Road, Bethel Park, PA 15102 417 Chartiers Street, Bridgeville, PA 15017 139 South Main Street, Butler, PA 16001 1520 N Main Street Ext, Butler, PA 16001 200 Greater Butler Mart, Butler, PA 16001 3434 William Penn Highway, Churchill, PA 15235 412 Broadway Street, Coraopolis, PA 15108 20480 Route 19, Cranberry TWP, PA 16066 101 5th Street, Charleroi, PA 15022 300 Market Street, Elizabeth, PA 15037 4606 Admiral Peary Highway, Ebensburg, PA 15931 5430 Peach Street, Erie, PA 16509 4145 Buffalo Road, Erie, PA 16510 925 West Erie Plaza, Erie, PA 16505 700 Sharon New Castle Rd., Farrell, PA 16121 1020 Liberty Street, Franklin, PA 16323 335 Main Street, Greenville, PA 16125 9141 Ridge Road, Girard, PA 16417 1710 Mount Royal Blvd., Glenshaw, PA 15116 4155 Ewalt Road, Gibsonia, PA 15044 3730 Brighton Road, Pittsburgh, PA 15212 5633 Baum Boulevard, Pittsburgh, PA 15206 1800-1814 Morningside Avenue, Pittsburgh, PA 15206 1700 Murray Avenue, Pittsburgh, PA 15217 3210 Banksville Road, Pittsburgh, PA 15216 5504 Walnut Street, Pittsburgh, PA 15232 410 Cooke Lane, Pittsburgh, PA 15234 568 Caste Village, Pittsburgh, PA 15236 1130 Perry Highway Ste 35, Pittsburgh, PA 15237 1125 Freeport Road, Pittsburgh, PA 15238 2336 Ardmore Boulevard, Pittsburgh, PA 15221 7345 Saltsburg Road, Penn Hills, PA 15235 3434 William Penn Highway, Pittsburgh, PA 15235 1700 Pine Hollow Road, McKees Rocks, PA 15136 4185 Washington Road, McMurray, PA 15317 975 Market Street, Meadville, PA 16335 109 Allegheny River Blvd., Oakmont, PA 15139 3730 Brighton Road, Pittsburgh, PA 15212 300 Market Street, Elizabeth, PA 15037 135 South Market Street, New Wilmington, PA 16142 1501 Scalp Avenue, Johnstown, PA 15904 407 Central Avenue, Johnstown, PA 15902 4960 Bedford Street, Johnstown, PA 15904 113 West Main Street, West Newton, PA 15089 1236 Long Run Road, White Oak, PA 15131 6375 Library Road, South Park, PA 15129 2655 E Carson Street, Pittsburgh, PA 15203 1200 Pittsburgh Street, Cheswick, PA 15024 517 Beaver Street, Sewickley, PA 15143 221 Grove City Road, Slippery Rock, PA 16057 446 West Main Street, Monongahela, PA 15063 4111 William Penn Hwy., Monroeville, PA 15146 600 William Marks Drive, Munhall, PA 15120 1120 Philadelphia Avenue, Northern Cambria, PA 15714 8775 Norwin Avenue, North Huntingdon, PA 15642 3550 Route 130, Irwin, PA 15642 1440 East High Street, Waynesburg, PA 15370 201 Devine Drive, Wexford, PA 15090 100 Seven Fields Blvd, Seven Fields, PA 16046 334 Main Street, Greenville, PA 16125 1851 East State Street, Hermitage, PA 16148 811 East State Street, Sharon, PA 16146 802 Pennsylvania Avenue, Pittsburgh, PA 15233 880 Butler Street, Pittsburgh, PA 15223 900 Mount Royal Blvd., Pittsburgh, PA 15223 25 Jones Station Road West, Severna Park, MD 21146 1800-1814 Morningside Avenue, Pittsburgh, PA 15206 139 South Main Street, Butler, PA 16001 Virginia 2600 Weir Place, Chester, VA 23831 520 West Broad Street, Richmond, VA 23220 Warwick Shopping Center, Newport News, VA 23601 3701 Kecoughtan Road, Hampton, VA 23669 421 Wythe Creek Road, Poquoson, VA 23662 Cape Henry SC, Virginia Beach, VA 23451
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Hello and welcome to Modern CEO! Im Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. For years, famed restaurateur Danny Meyer has wanted to reinvent the way diners pay their bills. Hes dreamed of a world in which patrons can pay for their meals and simply walk out of an eatery without asking and waiting for the check. Meyers vision for frictionless payments found its way to Frank Bisignano, who served as CEO of Fiserv, the financial services technology provider, until becoming commissioner of the Social Security Administration earlier this year. By 2020, the two executives hatched an idea for a checkless solution that would enable diners to settle their restaurant tabs without taking out a credit card or phone. It then fell to Krystle Mobayeni, a senior vice president and head of restaurants at Fiserv, and Kelly Macpherson, chief technology officer of Meyers Union Square Hospitality Group (USHG), to build the software and systems that would bring their bosses idea to life. The result is a system called Checkless Payments, which the companies announced last week at the National Restaurant Association Show. It isnt unusual for the top executive at a company to be the driver of innovation, especially at entrepreneurial or founder-led organizations. Nearly half the respondents to a 2024 Fast Company survey of its Most Innovative Companies honorees said their CEO was in charge of innovation, and 60% said their top innovation executive reported directly to the CEO. INNOVATOR IN CHIEF Since founding Manhattans Union Square Café in 1985, Meyer has been a force in the hospitality industry. He was an early adopter of online reservations and has served on OpenTables advisory board. USHG, where Meyer is executive chairman, has expanded beyond restaurants to include Hospitality Quotient, a consulting and professional development arm. In 2017, he launched Enlightened Hospitality Investments, a private equity fund that backs businesses that share his values around taking care of employees and customers. I’ve made a career out of driving some people crazy, but in a nice way, Meyer says. If [an innovation] was easy, it wouldve been done already. With Checkless Payments, Meyer challenged the USHG and Fiserv teams to develop a solution that was elegant enough for fine-dining establishments. He didnt want patrons to have to take out their phones to scan a QR code to pay; nor was it practical to set up sensors or other hardware that are part of checkout-free experiences at Amazon Go stores and other retailers. And he didnt want a walled garden that would require customers to use only one kind of credit card or mobile operating system. He also wanted a system that could eventually be extended to other aspects of hospitality, enabling dinners to, say, alert the coat check room or valet that they are getting ready to leave the restaurant, letting them retrieve their belongings or car without waiting. Checkless transactions can benefit not just diners but restaurants, too. Meyer notes that the cumulative time servers and diners spend could instead be used to turn tablesrestaurant-speak for setting, seating, serving, and clearing a table. And Fiservs Mobayeni says restaurants can use the checkless enrollment process for deeper customer engagement. They can let guests know theres a featured menu item or they have a special wine, she says. She envisions a day when diners might use the platform to place their first drink order in advance, which also helps the restaurant operate more efficiently. ITS NOT DINE AND DASH USHGs Macpherson admits that diners may need some coaching on the new system, which was piloted at Manhatta, the groups fine-dining restaurant in New Yorks financial district. Even when I was using it there was this stigma of dining and dashing, she says. Servers, too, will have to adopt a new etiquette. Says Meyer: If Im a guest, heres what Id want my server to say at some point: I know youre part of the [Checkless Payments] program, and I hope Im going to have a chance to thank you and say goodbye, but youre welcome to leave any time you want. USHG will begin rolling out the program at additional restaurants this summer. Fiserv, which last year reported revenue of more than $20 billion, will then make Checkless Payments available to customers of its new Clover Hospitality point-of-sale system for upscale restaurants. I asked Macpherson what it is like to work for an executive chairman who is also an innovator with a reputation for high quality. Its inspirational and exciting, she says. Danny is a beacon in the industry, pushing us and challenging us to think bigger. I like thinking big, too. How can we do what people might say is the impossible? ARE YOU AN INNOVATOR IN CHIEF? Are you a CEO or executive chairman who leads innovation at your organization? Do your employees find your status as innovator in chief inspiring, or do you drive people crazyin a nice way? Send your thoughts to me at stephaniemehta@mansueto.com. Read more: Innovation starts at the top Can startups solve our thorniest challenges? Meet Fast Companys Most Innovative Companies of 2025 Mindset shifts to be a more innovative leader
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Deciding which movies warrant a trip to the theater isnt always easy. Lately, though, trailers seem to be making the choice even harder, and not for the reasons one might think. The problemif you could call it oneis an abundance of marketing riches across the entire cinematic spectrum. The trailer for A24s new necromancy horror Bring Her Back is as dynamic as the one for Marvels retro romp, The Fantastic Four, not to mention DCs new Superman reboot, Liam Neesons revival of The Naked Gun, and pretty much every other tentpole this year. Either the best summer movie season in decades is about to sweep through theaters or (more likely) trailers have simply gotten crazy good now, and its breaking our brains. Even the trailers themselves seem to be aware that movie marketing is firing on all cylinders lately. The one for A24s just-released Friendship ends with Tim Robinson, creator of cringetastic meme factory I Think You Should Leave, saying direct-to-camera, Theres a new Marvel out thats supposed to be nuts. Its a nod to his films status as counterprogramming for the Marvel blockbuster, Thunderbolts, which also arrived this month. After the Friendship trailer debuted in February, though, Marvel dropped a Thunderbolts trailer touting its casts connections to past A24 movieslike a metatextual slap-fight between Goliath and Indie Goliath. Both sides win. The Friendship trailer quickly conveys how the unique tone of Robinsons show will translate to film, while Thunderbolts trailers present it as an off-beat, low stakes side-quest in the Marvel world. How could anyone whos even a little interested in either resist? Traditionally, trailers have followed a familiar cadence: Give the audience a hook, follow it up with some table-setting, and end on an escalation. But these days, trailers feel more like a self-contained mini-movie than part of a pattern. Some trailers, like those for Superman and Final Destination: Bloodlines, spend a full minute anchored by a single tense scene that lures viewers in; others, like those for the latest Mission: Impossible and Conjuring movies, dangle visuals from previous entries in clever ways, centering franchise lore to remind audiences what they loved about the characters and worlds in the first place. So how are trailer editors deciding which path to take? And how do they keep things from feeling stale? According to Erika Anaya, creative director at leading entertainment marketing agency Trailer Park, there are no hard and fast rules when it comes to charting a trailers trajectory. It’s different for every single movie, regardless of genre or studio, she says. I would even say for something like a Marvel [film], you would think, ‘Oh, they pretty much have it down now,’ but it changes for every single one. The promotional push for a major movie generally includes a teaser trailer and two official trailers. (These days movies also often feature an assortment of online-only bonus clips.) The composition of these packages used to be more codified, though. A teaser was once strictly an enticing, elusive introductionmore TikTok-length than YouTube. A classic example is the teaser for The Shining, which showed nothing but a nightmarish deluge of blood pouring out from a hotel elevator. While those kinds of teasers still existthe new Naked Gun offers one extended gagteasers can now be more comprehensive than trailers. The teaser for Thunderbolts lasted nearly three and a half minutes, giving viewers a lot to chew in for a first taste. It used to be very common for the first piece out of the gate to be an amuse-bouche teaser, followed by a second trailer that leaned more heavily into story, Anaya says. But thats not really a standard practice anymore. Whatever their length or style, movie trailers sound better now, too. Or at least fresher. The era of slowed-down cover songs, starting with 2010s The Social Network trailer and its haunting choral cover of Radioheads Creep, finally seems to have tapered off. Now, studios are more likely to score a trailer with a bizarro version of a classic rock song that features new instrumentation alongside the classic vocal stems. This summers entries include a lithe EDM update of Madonnas Material Girl for A24s The Materialists, a dreamy twist on Queens Under Pressure in Thunderbolts, and an enhanced take on Happy Together by The Turtles for Neons horror flick Together. The infamous “braaam” noise popularized by the Inception trailer is also on the wane. An audio shorthand for epicness, the oft-used trailer sound appears to have fallen out of fashion somewhere between 2021s Dune and last years Dune 2. (I think a lot of trailer editorsand viewersgot tired of that particular sound effect, Anaya adds.) What might distinguish this seasons trailers most, though, is an intuitive command of how much to reveal and how much to hold back. While giving a flavor of a movies vibe can be just as important to a trailer as communicating the plot or flaunting some money-shot stunts, jokes, smooches, or death-traps, the amounts in each recipe are always in flux. The trailer for 2006s cerebral drama, Little Children, starring Kate Winslet, is a tonal masterpiece that barely informs viewers what the film is actually about or what happens in it. A24 essentially cornered the market on this style of trailer in the 2010s, with vibey, vague pieces like those for The Witch and Hereditary, and the studios trailer for Bring Her Back this summer takes a similar tact. Viewers will leave knowing only that the titular “Back” means “back from the dead”and feeling supremely creeped out. So, how do studios decide how much to give away in a trailer? According to Anaya, big-budget films often go through multiple rounds of audience testing for their trailersand the more the creators lean on that research, the more they tend to reveal. Ironically, the same viewers who later complain in YouTube comments about spoiler-filled trailers may be the ones asking for more upfront during test screenings. But lately, the trend seems to be swinging the other way. A few years ago, it was more common to add more story, but I think there is a sense that we wanna leave something more, particularly for theatrical, for people to go and buy a ticket, Anaya says. So maybe that more old-school way of packing a trailer with too much information is starting to look like, Is there a better way to do this? Can we intrigue them with less narrative, but enough to come through? Neons trailer for the upcoming Together, for instance, is a triumph of the delicate balance between vibes, plot, and money shots. It gives viewers just enough string to put together that stars Alison Brie and Dave Franco are a troubled couple thrust into a gnarly body-horror situation, without quite spelling out what that situation is, let alone what started it or how far it will go. Rather than a standout, though, this is starting to feel like the standard. This summers trailers seem to be finding the precise middle between the magic of mystery and the dopamine rush of Too Muchand its getting confusing. Every trailer seems to pitch its product with a beautiful line drive right down the plate, but the movies themselves cant all be home runs. Will some of the moody, plot-light trailers ultimately translate to plodding, plot-free films? Will any of those that confidently reveal some of their best moments turn out to have held back nothing for the actual film? Judging by the solid start to the summer box office, these trailers are successfully making people flee their homes to find out.
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