RiteAid founded in 1962, is a retail pharmacy that operates in 27 States in the United States of America. Rite Aid sells Americains perscription and non-perscription drugs as well as what it calls front end products. Rite Aid's Front end products include:photo development, health and beauty aids, personal care items, beverages, convience food as well as greeting cards. Upromise is a free program offered by RiteAid for savings program towards college. After registering securely credit card and debit cards with RiteAid, they give 5% of the value of any participating upromise good, towards a college education. As a grandparrent or parrent, you have the option of signing your credit and/or debit cards and having your upromise money going to one of your children, grandchilden or anyone else you select. Rite Aid in 2007 acquired Brooks and Eckerd. Brooks and Eckerd consist of over 1,800 stores and 27 Billion dollars in revenue. Should conversion of Brooks and Eckerd to Rite Aid be successful and continue producing their current revenue, Rite Aid revenue would increase by close to 60% to 44 Billion USD.
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Rite Aid (NYSE: RAD) is an American retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD. Rite Aid began in 1962 as a single store opened in Scranton, Pennsylvania called Thrif D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Rite Aid is headquartered in Camp Hill, a suburb of Harrisburg, Pennsylvania.
Rite Aid reported total sales of USD $24.3 billion in Fiscal Year 2008.As of 2008, its market capitalization has dropped to under $1 billion. Rite Aid is a Fortune 500 company.
Its major competitors include CVS and Walgreens.
REF: Wikipedia
