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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.
In 1994, Rite Aid purchased the company [1] as part of its expansion into Northern New England. Company president Stephen LaVerdiere cited repeal of the state's blue laws as a factor making it more difficult to compete with national chains: Our stores were specifically designed to be 5,000 sq. ft. so that we would be able to remain open on Sunday.
K&B (initialism of Katz & Besthoff) was a drug store chain headquartered in New Orleans.Founded in 1905, it expanded to have stores in the United States Gulf Coast region until it was purchased by Rite Aid in 1997.
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Rite Aid is closing multiple locations after filing for bankruptcy last year. See the full list of Rite Aid store closures for 2024.
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 ...
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