Rite aid

Rite Aid

Rite Aid is a drugstore chain in the United States and a Fortune 500 company headquartered in East Pennsboro Township, Cumberland County, Pennsylvania. near Camp Hill. [ 2 ] [ 3 ] Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U. S.

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. Today, Rite Aid is publicly traded on the New York Stock Exchange under the ticker RAD. Rite Aid reported total sales of US$ 24.3 billion in fiscal year 2008. In 2008, its market capitalization dropped to under $500 million. As of 23 February 2012 [update]. the market capitalization of Rite Aid was about $1.4 billion. [ 4 ]

Contents

History [ edit ]

Growth and acquisitions [ edit ]

Just ten years after its first store opened, Rite Aid operated 267 locations in 10 states. It was named the third largest drugstore in the United States by 1981; shortly thereafter, 1983 marked a sales milestone of $1 billion. A 420-store acquisition along the east coast expanded Rite Aid's holdings beyond 2,000 locations, as did the acquisition of Gray Drug in 1987. Among the companies acquired was Baltimore, Maryland 's Read's Drug Store. On April 10, 1989, Peoples Drug 's 114 unit Lane Drug of Ohio was purchased by Rite Aid. [ 6 ]

Rite Aid acquired twenty-four Hooks Drug stores from Revco in 1994, selling nine of those stores to Perry Drug Stores. a Michigan-based pharmacy chain. One year later, in turn, the 224-store Perry chain was acquired by Rite Aid. [ 7 ] [ 8 ] The 1,000-store West Coast chain Thrifty PayLess was later acquired in 1996. The acquisition of Thrifty PayLess included the Northwest - based Bi-Mart membership discount stores, which was sold off in 1998. Acquisitions of Harco, Inc. and K&B. Inc. brought Rite Aid into the Gulf Coast area.

In the 1990s, Rite Aid partnered with Carl Paladino 's Ellicott Development Company to expand the company's presence in upstate New York. [ 9 ]

Partnership with GNC [ edit ]

General Nutrition Corporation (GNC ) and Rite Aid formed a partnership in January 1999, bringing GNC mini-stores within the Rite Aid pharmacies. A partnership with drugstore. com in June 1999 allowed customers of Rite Aid to place medical prescription orders online for same-day, in-store pickup.

Company troubles [ edit ]

Rite Aid had a major accounting scandal that led to the departure (and subsequent jail time) of several top ranking executives, including the CEO, Martin Grass, son of company founder Alex Grass. Former Rite Aid vice chairman Franklin C. Brown is serving a 10-year sentence in a medium-security facility at Federal Correctional Complex, Butner. near Raleigh, North Carolina. [ 10 ] After serving six years in prison, Martin Grass was released on January 18, 2010. [ 11 ] Founder Alex Grass died of cancer on August 27, 2009. [ 12 ]

At the time, Rite Aid had just acquired Thrifty PayLess and was integrating those into the company. As a result, Leonard Green, who ran the investment firm that had sold those stores to Rite Aid, took control of the company and installed Mary Sammons from Fred Meyer as CEO.

In July 2001, Rite Aid agreed to improve their pharmacy complaint process by implementing a new program to respond to consumer complaints. [ 13 ]

On July 25, 2004, Rite Aid agreed to pay $7 million to settle allegations that the company had submitted false prescription claims to United States government health insurance programs. [ 14 ]

In August 2007, Rite Aid acquired approximately 1,850 Brooks/Eckerd Stores throughout the United States in hopes of improving their accessibility to a wider range of consumers. On December 21, 2007, The New York Times reported that Rite Aid had record-breaking losses that year, despite the acquisition of the Brooks and Eckerd chains. [ 15 ] The following fiscal quarter saw an increase in revenue but a sharp fall in net income as Rite Aid began the integration process. Rite Aid shares fell over 75% between September 2007 and September 2008, closing at a low of $0.98 on September 11, 2008. Rite Aid shares subsequently dropped to $0.20 on March 6, 2009, the all-time low as of 8 December 2011 [update]. [ 4 ]

Scott Cole & Associates, APC filed a class action lawsuit against Rite Aid Corporation on behalf of its salaried California Store Managers. It was alleged that Rite Aid failed to pay overtime to these workers and denied them their meal and rest periods. In 2009, the action settled for $6.9 million. Scott Cole & Associates - Rite Aid Class Action

In June, 2010 John Standley was promoted from Chief Operating Officer to Chief Executive Officer, with former CEO Mary Sammons retaining her position as Chairman; [ 16 ] Ken Martindale, previously co-President of Pathmark. was named Chief Operating Officer. [ 17 ]

Customer loyalty and rewards programs [ edit ]

The Wellness Plus card (officially rendered as wellness+ ) is Rite Aid's shopping rewards card that started nationwide on April 18, 2010. Membership is free, and benefits include free health and wellness benefits as well as shopping and prescription drug discounts and special prices. Earlier, in March 2005, Rite Aid had introduced Living More . a seniors' loyalty program which offered similar discounts and benefits. This program was very similar to the former Revco program which was called "Senior Shoppers" (Rite Aid had attempted to purchase Revco in 1996). The Living More program was being discontinued as of October 31, 2010, having been essentially superseded by the Wellness Plus card. However, as of 2013 [update]. the Wellness+ plus card allows seniors to upgrade to the Wellness 65+ card, basically reintroducing the previous Living More benefits along with the newly created Wellness card. Rite Aid also holds some surveys for their loyal customers to share praise and complaint. Surveys are just like a platform where good and bad estimations are mingled together. Upon the completion of customer satisfaction survey, customers are invited to try to win the grand prize and monthly prize as a feedback. [ 18 ]

Merger with Eckerd and Brooks [ edit ]

On August 23, 2006 the Wall Street Journal announced that Rite Aid would be buying the Eckerd Pharmacy and Brooks Pharmacy chains (Brooks Eckerd Pharmacy ) from the Quebec-based Jean Coutu Group for US$3.4 billion, and merging the two chains into one dominant pharmacy system. The company's shareholders overwhelmingly approved the merger on January 18, 2007.[1] After some store closures and the conversion of the two chains was completed, Rite Aid became the dominant drug store retailer in the Eastern U. S. and the third largest drug retailer nationwide (behind the faster-growing Walgreens and CVS chains).

Similar to what CVS experienced in the Chicago metropolitan area after its purchase of Albertsons drug store chains, the deal gave Rite Aid some locations that were too close to each other. (Only 23 store locations nationally were sold off to Walgreens, The Medicine Shoppe. or independent owners in order to meet federal regulations.) In many situations, especially Pennsylvania, where both chains were dominant and had roots in those states (Rite Aid originated in Scranton, while Eckerd has roots in western Pennsylvania via Erie for itself and Pittsburgh for converted Thrift Drug locations), there were now two Rite Aids as close as right next door to each other. However, in March 2008 some of these overlapping stores were closed, with the locations saying that they "moved" to a new address, when, in fact, they "moved" to the other Rite Aid that was nearby. Most of these stores that closed were pre-existing Rite Aids from before the Eckerd deal, since Eckerd had built newer, more modern locations with drive-thru pharmacies and larger space under ownership of both J. C. Penney and Jean Coutu Group. and the "moved to" sites were converted Eckerds. Employees at the closed stores were transferred to the nearby locations, so no layoffs were necessary.

Rite Aid had sold some locations to J. C. Penney 's Thrift Drug chain in the mid-1990s shortly before J. C. Penney's acquisition of Eckerd, and had also sold all of their Massachusetts stores to Brooks in 1995, bringing some existing Eckerd and Brooks stores that were once Rite Aids full circle.

Because Eckerd was previously owned by J. C. Penney, Eckerd stores accepted J. C. Penney charge cards. Since the merger, all Rite Aids accept J. C. Penney charge cards, a policy also followed by competitor CVS Pharmacy. which had earlier acquired most of the Eckerd chain in the southeastern United States.

Today, New York with 620 stores is home to the largest number of Rite Aids, followed by California and Pennsylvania with 583 and 540 respectively. [ 19 ]

Market exits [ edit ]

On January 4, 2008, Rite Aid Corporation announced that it would terminate operation of its 28 Rite Aid stores in the Las Vegas, Nevada. area and had signed an agreement to sell patient prescription files from that metro market to Walgreens. The company said Las Vegas was a non-core market that had not been contributing to overall results, and it had not opened a new store there since 1999. One Nevada store would remain open in Gardnerville. close to the border of California. where Rite Aid had more than 600 stores. [ 20 ]

On February 5, 2009, Rite Aid announced that it would terminate operations of 7 Rite Aid stores in San Francisco, California, along with 5 stores in Eastern Idaho through a sale to Walgreens. [ 21 ]

Pharmacy Services

From helping you manage your medications online to offering in-store immunizations, we've simplified the way you care for your family's health.

Get convenient prescription refill reminders, tools for managing your medications, and more with a free My Pharmacy online account.

Participate in KidCents to round up your purchases at Rite Aid and give the change to programs for kids in our communities.

Rite Aid has long been committed to helping our communities live well. That’s why The Rite Aid Foundation introduced KidCents, an easy way for wellness+ members to make a difference.

The Rite Aid Foundation developed KidCents as a way to do even more to help the kids in the communities we serve.

By participating in KidCents, wellness+ members can round up every purchase to the nearest dollar, giving kids in need a chance for better lives and brighter futures.

We are proud to partner with nonprofit kid-focused organizations in our local communities that are committed to helping improve the health and well-being of children. Through our KidCents program, you can also designate your change to one of these charities.

Start rounding up today!

Participate in KidCents to round up your purchases at Rite Aid and give the change to programs for kids in our communities.

Rite Aid has long been committed to helping our communities live well. That’s why The Rite Aid Foundation introduced KidCents, an easy way for wellness+ members to make a difference.

The Rite Aid Foundation developed KidCents as a way to do even more to help the kids in the communities we serve.

By participating in KidCents, wellness+ members can round up every purchase to the nearest dollar, giving kids in need a chance for better lives and brighter futures.

We are proud to partner with nonprofit kid-focused organizations in our local communities that are committed to helping improve the health and well-being of children. Through our KidCents program, you can also designate your change to one of these charities.

Start rounding up today!

Business Details

Visit our web site for pharmacy and store information, store locations, health information, weekly circulars, specials & more!

General Info: Rite Aid Corporation is one of the nation's leading drugstore chains, combining its modern store base, strong brand name, modern distribution centers and superior pharmacy technology with a talented team of approximately 72,000 full and part-time associates serving customers in 28 states and the District of Columbia for over 47 years. * Rite Aid is a place where customers are treated with respect and they feel appreciated and welcome. * We are committed to a team work environment where every associate is a valued member, treated with respect, encouraged to contribute and recognized and rewarded for his/her efforts. * We value our suppliers as partners. * We are committed to the highest level of integrity in every aspect of our business. * We are fiscally responsible and committed to consistently deliver value for our investors. * We communicate openly, honestly and accurately with our stakeholders: associates, shareholders and suppliers. * We are focused on and committed to the healthcare needs of our customers. * We are caring neighbors, involved in community activities in meaningful ways and committed to reflecting the diversity of each community we serve. * We are a successful chain of friendly, neighborhood drugstores. Our knowledgeable, caring associates work together to provide a superior pharmacy experience, and offer everyday products and services that help our valued customers lead healthier, happier lives. With us it's personal. Extra Phones:

TollFree: (800) 748-3243

Services/Products: Rite Aid offers services from prescription refills to advice on the most recent prescription medicines on the market. Some of the services we provide include but not limited to: * Online prescription refills * Use of the LifeCheck computer for analyzing potential drug interactions with other medicines patients are taking. * Rite Advice on medicine dosage and potential effects * Information and advice on diabetes * 24 Hour Business Hours * Medicare Prescription Information * One Hour Photo & Online processing * Products Include: Prescriptions, Personal Care, Hair Care, Beauty Supplies, Skin Care, Men's Grooming, Vitamins, Allergy & Cold medication, GNC, Diet & Fitness, Household & Pet supplies, Food, Baby & Children supplies, Contact Lenses, Cosmetics, Office Supplies, Seasonal Holiday items, Greeting Cards, Gift Cards and much more! * We Offer Low Drug Prices, Flexible Spending Accounts, & Special Discounts. We also offer In Store Brands. Rite Aid Brand products are independently tested and satisfaction is guaranteed. If you're not completely satisfied with our Rite Aid brand products, we'll refund your money. Brands: Rite Aid carries several brands to choose from including: GNC, GNC Natural, NatureMade, Rayovac, Duracell. Brut, Calgon, Calico, Conair, L'Oreal, Cover Girl, Max Factor, Revlon, Maybelline, Colgate, Sonicare, Advil, Tylenol, Sudafed, Claritin, Olay, Clean & Clear, Johnson & Johnson, Jergens, Gold Bond, Purell, Ralph Lauren, St. Ives, Softsoap, First Alert, American Greetings, Crayola, Fuji, Paul Mitchell, Matrix, Sally Hansen and many more! Payment method: amex, discover, check, debit, master card, visa Accreditation:

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Rite Aid

Rite Aid is the third largest national drugstore in the nation and operates in 31 states. Sign up for the Rite Aid Wellness+ card to activate the sale prices and trigger +Up Rewards, which are essentially coupons for cash off your next purchase when you make a qualified purchase. Stack manufacturer coupons with store coupons that are found in the weekly ad or online. At the Rite Aid website, you can load coupons to your card that will apply at checkout and watch ads to earn Video Value coupons. Sales run Sunday through Saturday.

Rite Aid Coupon Deals: Week of 11/2

Here are the deals this week at Rite Aid. These prices are valid 11/2 – 11/8.

Zantac, 24-30 ct $8.99

Buy 1, Receive $2.00 Up Reward, Limit 1

Use $4.00/1 – Zantac Product, 24 ct or larger from SS 9/7

Use $2.00/1 – Vaseline Lotion, 20.3 fl oz or larger OR Vaseline Spray Lotion from RP 10/5

And use $2.00/1 – Vaseline Lotion, 20.3 oz, RITE AID COUPON (adperk. com)

Final Price: $1.99

Dove Advanced Care Antiperspirant/Deodorant, 2.6 oz $5.00

Dove Advanced Care Hair Care $5.00

Spend $12.00, Receive $4.00 Up Reward through 11/29, Limit 4

Use B1G1 Free – Dove Advanced Care Deodorant or Advanced Series Shampoo or Conditioner from RP 11/2

Caress Body Wash, 12 oz $3.50 each, when you buy 2

Dove Body Wash, 12 oz $3.50 each, when you buy 2

Select Dove Antiperspirant/Deodorant, 2.6-3 oz $3.50 each, when you buy 2

Select Degree Antiperspirant/Deodorant, 2.6-3 oz $3.50 each, when you buy 2

Dove Bar Soap, 2 pk $3.50 each, when you buy 2

Caress Bar Soap, 2 pk $3.50 each, when you buy 2

Or $1.00/1 – Dove Hair Care Product (dove. us)

And use $1.00/1 – Dove Hair Care Product, RITE AID COUPON (adperk. com)

Or $1.50/1 – Degree Antiperspirant/Deodorant, RITE AID COUPON (adperk. com)

Pay $4.00, Receive $2.00 Up Reward

Single Pack Gum, 9-18 ct $1.00 each, when you buy 3

Buy 3, Receive $1.00 Up Reward, Limit 2