Elizabeth Burr had been serving as interim CEO since January and will remain on the company’s board. Rite Aid’s retail pharmacy phase has long been a key progress driver for the company, however that hasn’t been sufficient to offset its mounting losses. Rite Aid faces steep competitors from its rivals, which have leaned into health-care fashions to offset losses from their retail businesses. “Due to the Safer Streets Act, local business owners now need to hide their identity whereas exposing the problems that the invoice has created, which was by no means an issue earlier than,” the business owner added. …