The first store was called Thrift D Discount Center.
The store expanded into five additional states in 1965 and went public as Rite Aid in 1968.
It moved to the New York Stock Exchange in 1970.
What did CVS used to be called?
CVS Pharmacy used to be a subsidiary of Melville Corporation, where its full name was initially Consumer Value Stores. Melville later changed its name to CVS Corporation in 1996 after Melville sold off many of its nonpharmacy stores. The last of its nondrugstore operations were sold in 1997.
Did Walgreens buy Rite Aid 2019?
(Nasdaq: WBA) and Rite Aid Corporation (NYSE: RAD) today announced that they have entered into a definitive agreement under which Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid, a U.S. retail pharmacy chain, for $9.00 per share in cash, for a total enterprise value of approximately $17.2
Did Rite Aid buy eckerds?
Acquisition by Rite Aid
On August 23, 2006, the Wall Street Journal announced that Rite Aid would acquire 1,858 Eckerd Pharmacy and Brooks Pharmacy stores from Jean Coutu for US$3.4 billion. Rite Aid announced that the two chains would be converted to the Rite Aid name, retiring the 109-year-old Eckerd banner.
When did Walgreens buy Rite Aid?
Rite Aid said Monday it has now transferred 1,651 stores to Walgreens Boots Alliance as part of a larger deal with the nation’s largest pharmacy chain. In all, Walgreens is buying 1,932 stores and three distributions centers from Rite Aid for nearly $4.4 billion in cash.