Rite Aid Corporation
Type	Public (NYSE: RAD)
Founded	1962 - as Thrif D Discount 1968 - Public, as Rite Aid Corp
Headquarters	Camp Hill, Pennsylvania
Key people	Mary Sammons, Chairman, President & CEO James Mastrian, Special Advisor, Corporate Strategy Robert Easley, Chief Operating Officer Pierre Legault, Chief Administrative Officer
Industry	Retail
Products	Retail-Pharmacy
Revenue	$27 billion USD (2007)
Employees	116,000
Slogan	With us, it's personal.
Website	www.riteaid.com

A typical Rite Aid pharmacy.

Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD. Rite Aid began in 1962 as a single store opened in Scranton, Pennsylvania called Thrif D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Rite Aid is headquartered in Camp Hill, a suburb of Harrisburg, Pennsylvania. Image File history File links No higher resolution available. ... This article does not cite any references or sources. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Year 1962 (MCMLXII) was a common year starting on Monday (the link is to a full 1962 calendar) of the Gregorian calendar. ... Year 1968 (MCMLXVIII) was a leap year starting on Monday (link will display full calendar) of the Gregorian calendar. ... Image File history File links This is a lossless scalable vector image. ... Camp Hill is a borough located in Cumberland County, Pennsylvania, southwest of Harrisburg, Pennsylvania. ... Drawing of a self-service store. ... Drawing of a self-service store. ... For other uses, see Pharmacy (disambiguation). ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... The United States dollar is the official currency of the United States. ... This article is about work. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Image File history File linksMetadata Size of this preview: 800 × 533 pixel Image in higher resolution (1454 × 969 pixel, file size: 287 KB, MIME type: image/jpeg) Self-made photo of the Rite Aid location in Scott Depot, West Virginia. ... Image File history File linksMetadata Size of this preview: 800 × 533 pixel Image in higher resolution (1454 × 969 pixel, file size: 287 KB, MIME type: image/jpeg) Self-made photo of the Rite Aid location in Scott Depot, West Virginia. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Drawing of a self-service store. ... For other uses, see Pharmacy (disambiguation). ... Chain stores are a range of retail outlets which share a brand and central management, usually with standardised business methods and practices. ... ... Year 1962 (MCMLXII) was a common year starting on Monday (the link is to a full 1962 calendar) of the Gregorian calendar. ... The City of Scranton is the county seat of Lackawanna CountyGR6 in Northeastern Pennsylvania, USA. As of the 2000 census, the city had a total population of 76,415 (2003 estimate: 74,320). ... Capital Harrisburg Largest city Philadelphia Area  Ranked 33rd  - Total 46,055 sq mi (119,283 km²)  - Width 280 miles (455 km)  - Length 160 miles (255 km)  - % water 2. ... This article does not cite any references or sources. ... Year 1968 (MCMLXVIII) was a leap year starting on Monday (link will display full calendar) of the Gregorian calendar. ... Camp Hill is a borough located in Cumberland County, Pennsylvania, southwest of Harrisburg, Pennsylvania. ... Location in Dauphin County and state of Pennsylvania Coordinates: , Country Commonwealth County Dauphin Incorporated 1791 Charter 1860 Government  - Mayor Stephen R. Reed (D) Area  - City  11. ...

Rite Aid reported total sales of USD $16.5 billion in fiscal 2004. As of 2005, its market capitalization was about $2 billion. Rite Aid is a Fortune 500 company. The United States dollar is the official currency of the United States. ... A fiscal year (or financial year or accounting reference date) is a 12-month period used for calculating annual (yearly) financial reports in businesses and other organizations. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... Market capitalization, or market cap, is a measurement of corporate or economic size equal to the stock price times the number of shares outstanding of a public company. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ...

Its major competitors include CVS and Walgreens. CVS/pharmacy is a pharmacy and convenience store chain in the United States. ... Walgreen Co. ...

History

Alexander Grass founded the Rite Aid chain in Scranton, Pennsylvania, as Thrif D Discount Center. The first store opened in September 1962. Through acquisitions and new stores, Rite Aid quickly expanded into 5 northeast states by 1965. The chain was officially named Rite Aid Corporation in 1968 and made its debut on the American Stock Exchange. It moved to the New York Stock Exchange in 1970. The City of Scranton is the county seat of Lackawanna CountyGR6 in Northeastern Pennsylvania, USA. As of the 2000 census, the city had a total population of 76,415 (2003 estimate: 74,320). ... Capital Harrisburg Largest city Philadelphia Area  Ranked 33rd  - Total 46,055 sq mi (119,283 km²)  - Width 280 miles (455 km)  - Length 160 miles (255 km)  - % water 2. ... Year 1962 (MCMLXII) was a common year starting on Monday (the link is to a full 1962 calendar) of the Gregorian calendar. ... Year 1965 (MCMLXV) was a common year starting on Friday (link will display full calendar) of the 1965 Gregorian calendar. ... Year 1968 (MCMLXVIII) was a leap year starting on Monday (link will display full calendar) of the Gregorian calendar. ... The American Stock Exchange (AMEX) is an American stock exchange situated in New York. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Year 1970 (MCMLXX) was a common year starting on Thursday (link shows full calendar) of the Gregorian calendar. ...

Growth & Acquisitions

Just ten years after its first store opened, Rite Aid operated 267 locations in 10 states. It was named the third largest drugstore in the United States by 1981; shortly thereafter, 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. Among the companies acquired was Baltimore, Maryland's Read's Drug Store, which had the slogan "Run Right to Read's". Pharmacy (from the Greek φάρμακον = drug) is the profession of compounding and dispensing medication. ... Year 1981 (MCMLXXXI) was a common year starting on Thursday (link displays the 1981 Gregorian calendar). ... Year 1983 (MCMLXXXIII) was a common year starting on Saturday (link displays the 1983 Gregorian calendar). ... The phrase mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly without having to create another business... Baltimore redirects here. ... A typical Rite Aid pharmacy. ...

Rite Aid acquired the Michigan chain Perry Drug Stores in 1995, and the 1,000-store West Coast chain Thrifty PayLess in 1996. The acquisition of Thrifty PayLess included the Northwest-based Bi-Mart membership discount stores, which was sold off in 1998. Acquisitions of Harco, Inc. and K & B Inc. brought Rite Aid into the Gulf Coast area. Official language(s) None (English, de-facto) Capital Lansing Largest city Detroit Largest metro area Metro Detroit Area  Ranked 11th  - Total 97,990 sq mi (253,793 km²)  - Width 239 miles (385 km)  - Length 491 miles (790 km)  - % water 41. ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... Regional definitions vary from source to source. ... Thrifty PayLess Holdings was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Store chains in the western United States. ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... Regional definitions vary from source to source. ... Bi-Mart is a employee-owned chain of retailers located almost exclusively in Oregon and Washington. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... K&B (Katz and Besthoff) was a local drug store chain in the New Orleans area. ... The Gulf of Mexico is a major body of water bordered and nearly landlocked by North America. ...

Partnership with GNC

General Nutrition Companies (GNC) and Rite Aid formed a partnership in January 1999, bringing GNC mini-stores within the Rite Aid pharmacies. A partnership with drugstore.com in June 1999 allowed customers of Rite Aid to place medical prescription orders online for same-day, in-store pickup. General Nutrition Center or GNC is a Pittsburgh based American commercial enterprise focusing on the retail sale of health- and nutrition- related products, over the counter drugs, and foods/food supplements world-wide. ... A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested. ... This article is about the year. ... This article is about the year. ... A medical prescription ) is an order (often in written form) by a qualified health care professional to a pharmacist or other therapist for a treatment to be provided to their patient. ...

Company Troubles

Rite Aid store located at the Vista Village located in Boise, Idaho.

In the fall of 1999, Rite Aid was the subject of several media reports about its aggressive marketing of pharmaceutical products and other consumer-unfriendly practices, including selling date-sensitive products well past the due dates. Rite-Aid is the largest pharmacy chain in California. It has recently been investigated by government regulators in California, Washington, and Oregon. Consumer Complaints Regarding Rite Aid Pharmacy Image File history File linksMetadata Size of this preview: 800 × 600 pixelsFull resolution (2560 × 1920 pixel, file size: 1. ... Image File history File linksMetadata Size of this preview: 800 × 600 pixelsFull resolution (2560 × 1920 pixel, file size: 1. ... Vista Village is famous shopping center located in Boise, Idaho. ... “Boise” redirects here. ... This article is about the year. ...

Rite Aid also had a major accounting scandal that led to the departure (and subsequent jail time) of several top ranking executives, including the CEO. [1] At the time, Rite Aid had just acquired Thrifty Payless Drug and was integrating those into the company. As a result, Leonard Green, who ran the investment firm that had sold those stores to Rite Aid took control of the company and placed Mary Sammons from Fred Meyer in as CEO. Sammons instituted a number of reforms of Rite Aid's business and has returned the company to credibility and profitability. An unrelated hypermarket chain is Meijer. ...

July 2001, Rite Aid agreed to improve their pharmacy complaint process by implementing a new program to respond to consumer complaints. "Health Plan Agrees to Improve Pharmacy Complaint Process"

July 25, 2004, "Rite Aid to pay $7 Million for Allegedly Submitting False Prescription Claims to Government" Deparment of Justice Press Release

Living More, UAW, Shelley's Pharmacy

Beginning in March 2005, Rite Aid introduced Living More, a seniors' loyalty program; offering 10% off of prescription drugs purchased with cash, generic products, as well as other items. Additional benefits also include discounts on certain days of the week, as well as unadvertised sales on merchandise. This program is very similar to the former Revco program which was called "Senior Shoppers"; Rite Aid attempted to purchase Revco in 1996. This might be attributed to the fact that Revco's former Vice President of Marketing, James Mastrian, now holds the same position at Rite Aid. Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Old age consists of ages nearing the average lifespan of human beings, and thus the end of the human life cycle. ... This article or section does not adequately cite its references or sources. ... A prescription drug is a licensed medicine that is regulated by legislation to require a prescription before it can be obtained. ... Revco Discount Drug Stores (known simply as Revco or Revco, D.S.), once based in Twinsburg, Ohio, was a major drug store chain operating through the Ohio Valley, the Mid-Atlantic states, and the Southeastern United States. ...

Early in 2005, the UAW announced that its members' prescriptions would be filled through mail order. This decision by the union disproportionately affected Rite Aid as it has predominant market strength where the UAW has its highest union density nationally. The United Auto Workers (UAW), officially the United Automobile, Aerospace & Agricultural Implement Workers of America International Union, is one of the largest labor unions in North America, with more than 700,000 members in the United States, Canada, and Puerto Rico organized into approximately 950 union locals. ...

In July 2005, Rite Aid completed its acquisition of Shelley's Pharmacy, a chain pharmacy in Philadelphia.

Merger With Eckerd and Brooks

On August 23, 2006, the Wall Street Journal announced that Rite Aid would be buying the Eckerd Pharmacy and Brooks Pharmacy chains (Brooks Eckerd Pharmacy) from the Quebec-based Jean Coutu Group for US$3.4 billion, and merging the two chains into one dominant pharmacy system. The company's shareholders overwhelmingly approved the merger on January 18, 2007.[2] After some store closures and the conversion of the two chains to Rite Aid is complete, the deal will make Rite Aid the dominating drug store retailer in the Eastern U.S., and secures its place as the third largest drug retailer nationwide (behind the faster growing Walgreens and CVS chains). // Brooks as a toponym can refer to: Brooks, Alberta (Canada) Brooks, Kentucky (United States) Brooks, Maine (United States) Brooks, Minnesota (United States) Brooks, Oregon (United States) Brooks, California (United States) See Brooks (surname) Brooks as a given name can refer to: Brooksie (or Brooks Hatlen) (see Rita Hayworth and Shawshank... is the 235th day of the year (236th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Eckerd is a drug store chain with more than 1,549 stores in more than 13 states across the Mid-Atlantic and New England portions of the United States. ... Brooks Pharmacy is a chain of more than 330 pharmacies located throughout New England and New York and has been a well-recognized name in the New England pharmacy industry for more than 65 years. ... Brooks Eckerd Pharmacy was a chain of approximately 2,000 pharmacies operating in 18 states on the Eastern half of the United States in Midwest, Southeast and East Coast regions. ... The Jean Coutu Group (PJC) Inc. ... is the 18th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... Walgreen Co. ... CVS/pharmacy is a pharmacy and convenience store chain in the United States. ...

Similar to what CVS has gone through in Chicagoland after its purchase of Albertson's drug store chains, the deal has left Rite Aid with some interesting locations within close proximity to each other to the point of competing with each other. (Only 23 store locations nationally were sold off to Walgreens, The Medicine Shoppe, or independent owners in order to meet federal regulations.) In many situations, especially Pennsylvania where both chains were dominant and had roots in those states (Rite Aid originated in Harrisburg, while Eckerd has roots in Western Pennsylvania via Erie for itself and Pittsburgh for converted Thrift Drug locations), there are now two Rite Aids from as far apart as only a few blocks to as close as right next door to each other. CVS/pharmacy is a pharmacy and convenience store chain in the United States. ... Chicagoland is an informal name for the Chicago metropolitan area, used primarily by copywriters, advertising agencies, native residents, and traffic reporters. ... Albertsons LLC is a chain of grocery stores owned and operated by Cerberus Capital Management after the acquisition of Albertsons, Inc. ... Walgreen Co. ... Katz Group of Companies operates over 1,800 pharmacies in Canada and the United States. ... Capital Harrisburg Largest city Philadelphia Area  Ranked 33rd  - Total 46,055 sq mi (119,283 km²)  - Width 280 miles (455 km)  - Length 160 miles (255 km)  - % water 2. ... Location in Dauphin County and state of Pennsylvania Coordinates: , Country Commonwealth County Dauphin Incorporated 1791 Charter 1860 Government  - Mayor Stephen R. Reed (D) Area  - City  11. ... This article needs to be cleaned up to conform to a higher standard of quality. ... // Places Erie is the name of several places in the United States of America: Towns Erie, Colorado Erie, Illinois Erie, Kansas Erie, Pennsylvania Townships Erie Township, Michigan, in Monroe County Erie Township, Ohio, in Ottawa County Counties Erie County, New York Erie County, Ohio Erie County, Pennsylvania Bodies of Water... City nickname: The Steel City Location in the state of Pennsylvania Founded 1758 Mayor Tom Murphy (Dem) Area  - Total  - Water 151. ... Thrift Drug was a pharmacy chain based in Pittsburgh, Pennsylvania that was purchased by J.C. Penney in 1968, and was expanded greatly thereafter. ...

Ironically, Rite Aid had sold some of their locations to J.C. Penney's Thrift Drug chain in the mid-1990s shortly before their acquisition of Eckerd, and had also sold all of their Massachusetts stores to Brooks in 1995, bringing some existing Eckerds and Brooks that were once Rite Aids full circle, barring closure of some locations because of proximity to existing Rite-Aid locations. This article is about the department store chain. ... Thrift Drug was a pharmacy chain based in Pittsburgh, Pennsylvania that was purchased by J.C. Penney in 1968, and was expanded greatly thereafter. ...

Slogans

• It's not just a store. It's a solution.
• With us, it's personal.

External links

• Rite Aid Corporation