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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 nearly 1,300 stores in 16 U.S. states, primarily on the East and West coasts.
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 ...
Perry Drug Stores was an American retail pharmacy chain founded in 1957 in the city of Pontiac, Michigan, United States.At its peak in the 1980s, Perry operated more than 200 drug stores, primarily in the state of Michigan, as well as 200 Auto Works auto parts stores and fourteen A. L. Price discount health and beauty aids outlets.
Rite Aid's bankruptcy plan, revised on Thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have sued the company ...
(Reuters) -Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.
Rite Aid's adjusted operating profits from its retail pharmacy in the third quarter rose to $125.9 million from $88.6 million a year ago. Adjusted operating profits are up 6% year-to-date through ...
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