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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [1] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 1,400 stores in 16 U.S. states, primarily on the East and West coasts.
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Which Rite Aid locations will close in Pennsylvania? The following Rite Aid locations in Pennsylvania are expected to close this fall, according to court documents: 2715 Parade St. in Erie. 5612 N ...
The Pennsylvania-based drugstore chain Rite Aid announced on Sunday that it ... Rite Aid filed a petition under Chapter 11 of the U.S. Bankruptcy Code on Oct. 15 amid flagging sales, mounting debt ...
By 1968, the company, which had more than 50 stores at the time, had changed its name to Rite Aid. [2] [4] Rite Aid's initial public offering at $25 a share on the New York Stock Exchange earned the Grass family $8.75 million. [2] [4] Rite Aid purchased a rival chain, the Daw Drug Company, which was based in Rochester, New York, in 1969, which ...
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