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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 roughly 1,250 stores in 15 U.S. states, primarily on the East and West coasts.
McDonald's at the Honesdale Route 6 Plaza in Texas Township was not quite 20 years old when this photo was taken, May 27, 1997, from across the street at Rite-Aid.
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.
Amazon contracted with Bartell Drugs to be the first drugstore to use same-day Prime Now delivery for its non-pharmecudical goods. [9] In January 2018, Bartell Drugs announced that it had hired a new CEO, Kathi Lentzsch; she was the second CEO in the company's history to be hired from outside of the Bartell family. [ 10 ]
In 2021, it announced plans to close 900 stores. And Rite Aid filed for bankruptcy last year and will close up to 500 stores. Shifting trends. ... At the same time, the rest of the store that’s ...
Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's ...