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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [ 10] 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 over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Updated June 20, 2024 at 8:17 AM. Angus Mordant. Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations ...
At that time, the chain was headquartered in Melville, New York and had 141 stores with 5,000 employees. [1] It was still almost entirely owned by the Genovese family. [7] By 2003, all of the stores were rebranded as Eckerd, which was later rebranded as Rite Aid in 2006. [8] In 2023, Rite Aid filed for Chapter 11 bankruptcy. [9]
Walgreens said in 2019 it would close 200 stores and last year announced an additional 150 store closures. “We are at a point where the current pharmacy model is not sustainable,” Wentworth ...
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