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Ten years after its first store opened, Rite Aid operated 267 locations in 10 states. In 1981, Rite Aid became the third-largest retail drugstore chain in the country. 1983 marked a sales milestone of $1 billion. A 420-store acquisition along the east coast expanded Rite Aid's holdings beyond 2,000 locations.
On August 23, 2006, The Wall Street Journal announced that Rite Aid would acquire 1,858 Eckerd Pharmacy and Brooks Pharmacy stores from Jean Coutu for US$3.4 billion (~$4.94 billion in 2023). The deal closed on June 4, 2007. Rite Aid announced that the two chains would be converted to the Rite Aid name, retiring the 109-year-old Eckerd banner.
Also shown was a location of Thrift Drug's nominal successor (through Eckerd) and fellow Pennsylvania pharmacy, Rite Aid. Due to Rite Aid's connection to Thrift Drug through Eckerd, Rite Aid, as well as CVS which also purchased many Eckerd stores, accept JCPenney credit cards despite having otherwise had no corporate affiliation with JCPenney.
After filing for bankruptcy last week, Rite Aid is expected to shutter more than 150 stores across the U.S. — including dozens in Pennsylvania.. The company, which operated more than 2,000 ...
In 2023, Rite Aid filed for Chapter 11 bankruptcy amid several opioid lawsuits and declining sales. [4] Despite Read's shutting down 40 years prior to the filing, Read's was still listed in the bankruptcy filing. [5] The downtown store was the site of an early sit-in during the Civil Rights Movement. Read's downtown Baltimore location has since ...
Mercury Boulevard in the cities of Hampton and Newport News in the Peninsula region of southeastern Virginia carries U.S. Route 258 (US 258) approximately 10 miles (16 km) south from Fort Monroe at Old Point Comfort on Hampton Roads to the north end of the James River Bridge.
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There were two locations, downtown Norfolk and Richmond, Va. The Grocery Store was a Richmond-based chain Farm Fresh operated for a time in the late 1980s and for much of the 1990s, with Farm Fresh converting 15 stores it acquired from Safeway in November 1993 as Safeway exited the Richmond market. [ 2 ]