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 A Rite Aid store in Glendale, California in 2023 | |
| Formerly | Thrift D Discount Center (1962–1968) |
|---|---|
| Company type | Public |
| OTC Pink: RADCQ NYSE: RAD (1970–2023) | |
| Industry | Retail |
| Founded | September 12, 1962 In Scranton, Pennsylvania, United States |
| Founder | Alex Grass |
| Headquarters | Philadelphia, Pennsylvania, United States[1] |
Number of locations | 2,271 (2023)[2] |
Key people | |
| Products | Pharmacy, grocery store, liquor store |
| Revenue |  US$24.04 billion (FY2021)[5] |
 US$47.14 million (FY2021)[5] | |
| US$−90.9 million (FY2021)[5] | |
| Total assets | US$9.335 billion (FY2021)[6] |
| Total equity | US$615.2 million (FY2021)[6] |
Number of employees | 50,000 (2021)[7] |
| Subsidiaries | Bartell Drugs[8][9] |
| Website | www |
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.[11]
After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Rite Aid was publicly traded on the New York Stock Exchange under the symbol RAD. In October 2023, the company filed for Chapter 11 bankruptcy, due to a large debt load and thousands of lawsuits alleging involvement in the opioid crisis.[12]
- ^ "Rite Aid Opens New Modern Headquarters in Philadelphia's Navy Yard". Retrieved July 13, 2022.
- ^ "Number of Rite Aid locations in the United States in 2023". rentechdigital.com.
- ^ "Management Team".
- ^ "Rite Aid files for Chapter 11 bankruptcy, names new CEO". October 16, 2023.
- ^ a b c "Rite Aid". Yahoo Finance. Retrieved October 28, 2021.
- ^ a b "Rite Aid". Yahoo Finance. Retrieved October 28, 2021.
- ^ "Rite Aid | 2021 Fortune 500". fortune.com. Retrieved October 28, 2021.
- ^ "RITE AID TO ACQUIRE BARTELL DRUGS |". Bartell Drugs.
- ^ "Bartell Drugs, a local, family-owned business for 130 years, to be sold to Rite Aid for $95 million". The Seattle Times. October 7, 2020.
- ^ "Rite Aid Opens New Modern Headquarters in Philadelphia's Navy Yard". Retrieved July 13, 2022.
- ^ "Fortune 500 Companies". Fortune. Retrieved July 30, 2022.
- ^ Holman, Jordyn; Hirsch, Lauren (October 16, 2023). "Rite Aid, Facing Slumping Sales and Opioid Suits, Files for Bankruptcy". The New York Times. ISSN 0362-4331. Retrieved October 16, 2023.
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