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Rite Aid CEO Shifts To Struggling GNC Holdings

Ken Martindale has stepped down as Rite Aid Stores CEO to take the reins of GNC Holdings. GNC has struggled with declining sales. The company is working to turn around its business with new marketing, a simplified pricing structure for customers and a revamped loyalty program. Martindale was instrumental in leading the drug store chain's transformation, including a new store format and an expansion of the company's loyalty program. 

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