Rite Aid (RAD -20.53%) shares have more than quadrupled in the past year thanks to restructuring its debt, closing unprofitable stores, boosting generic scripts, and broadening its immunization services.

If Rite Aid hopes to continue its recovery and challenge CVS (CVS -1.32%) and Walgreen (WBA -0.80%) it will need to execute on the three important initiatives I highlight in the following slideshow.