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Eckerd Corporation was an American pharmacy retail chain that was headquartered in Largo, Florida, [1] and toward the end of its life, in Warwick, Rhode Island. [2] At its peak, Eckerd was the second-largest pharmacy chain in the United States, with approximately 2,802 stores in 23 states as far west as Arizona .
In June 2007, a 109-year-old retail legacy came to an end. Rite-Aid Corporation completed its acquisition of Eckerd Pharmacy by purchasing Jean Coutu USA for $2.3 billion in cash plus $1 billion ...
The Eckerd chain, oldest of the major drugstore companies in the U.S., was founded by Jack's father, J. Milton Eckerd, in Erie, Pennsylvania, in 1898. After serving as a pilot in World War II , Jack Eckerd started a phenomenal expansion of the chain by buying three stores in Florida in 1952.
To comply with FTC antitrust regulations, some Brooks/Eckerd locations within a mile of a Rite Aid store were sold to another pharmacy company, such as CVS/pharmacy or Walgreens, or were closed. Brooks' parent The Jean Coutu Group (PJC) USA, Inc. remained an active in-name-only subsidiary of Rite Aid, as shown in the latter company's October ...
Following the acquisition, the new owners planned to convert all Genovese locations to the Eckerd name within a year. However, the chain ultimately remained. By 2003, all Genovese stores were remodeled and rebranded as Eckerd. [13] Three years later, Eckerd was in turn purchased by Rite Aid and all locations were rebranded. [14]
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.
Eckerd may refer to: Eckerd Corporation (Eckerd Pharmacy), former American drugstore chain; Eckerd College, private liberal arts college in St. Petersburg, Florida, United States Eckerd College Search and Rescue, a student volunteer maritime search and rescue team; Eckerd Tritons, an intercollegiate sports team representing Eckerd College
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