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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. 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.
Rite Aid, which has denied wrongdoing, is still finalizing some of the settlements that are critical to the restructuring, including an agreement that would resolve a U.S. Department of Justice...
Rite Aid is expected to close hundreds as it works through a bankruptcy reorganization. Across the U.S., more than 7,000 pharmacies have closed since 2019, according to data from University of ...
Rite Aid, trying to claw its way out of debt, is getting out of every drugstore lease it can. CVS, Walgreens, and Rite Aid have announced the closures of more than 1,500 stores.
On October 7, 2020, the company announced that it would be sold to Pennsylvania-based Rite Aid for $95 million. At the time of the sale, Bartell Drugs had 69 locations in King, Pierce and Snohomish Counties.
In 2019, Donigan replaced John Standley as President and CEO of Rite Aid. At the time of her appointment, Donigan was one of 36 women to serve at CEO of a Fortune 500 company, a record at the time. [7]