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1 year, 4 months ago via canadianpharmacyquestions.com

When was the pharmacy, Rite Aid, founded?

How many Rite Aid pharmacies are there in the US? Do they have pharmacies abroad?
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jlgothard | 1 year, 4 months ago
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Alexander Grass opened his first discount drug store - Thrif D Discount Center - in Scranton, Pennsylvania, in September 1962, and his first Rite Aid pharmacy in New Rochelle, New York, in 1966. In 1968 the company changed its name to Rite Aid Corporation (NYSE: RAD). Today, Rite Aid is America’s third largest drugstore chain with approximately 4,800 stores in 31 states and the District of Columbia – the company has no international pharmacies. In fiscal 2010 the company made $25.7 billion in sales.

The Top Four US Chain Drug Stores are:

Walgreens (http://www.walgreens.com/)
CVS (http://www.cvs.com/)
Rite Aid (http://www.riteaid.com/)
Walmart (http://www.walmart.com/)

According to the National Association of Chain Drug Stores (NACDS), prescription drug sales across America’s 56,000 pharmacies totaled $268.9 billion in 2009 - up 5.8% on 2008. In 2008, the most commonly prescribed Rx drug was Hydrocodone-Acetaminophen.
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tonybulmer | 1 year, 4 months ago
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The first Rite Aid opened in September 1962 in Scranton Pennsylvania. The business expanded rapidly and had five stores in the North Eastern US by 1965. The firm became the Rite Aid Corporation in 1968 when it mad it’s first public offering. By 1970 Rite Aid was trading on the US Stock exchange.

Expansion of the business was exponential and by 1972 after ten years of trading there were over two hundred and sixty stores. By the1980’s Rite Aid was the third largest Drug Store in the United States with over a billion dollars in sales revenue. In the latter Part of the eighties Rite Aid expanded by acquiring over four hundred stores throughout the country. Now Rite Aid has over 4,800 stores in thirty one states and annual sales in excess of $25 billion dollars

http://www.riteaid.com

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