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RITE AID CORPORATION Company Profile
Rite Aid ranks a distant third (behind Walgreen and CVS) in the US retail drugstore business, with nearly 4,600 drugstores in some 30 states and the District of Columbia. Rite Aid stores generate roughly 70% of their sales from filling prescriptions, while the rest comes from selling health and beauty aids, convenience foods, greeting cards, and more, including some 3,500 Rite Aid brand private-label products. More than 60% of all Rite Aid stores are freestanding and over half have drive-through pharmacies. Founded in 1962, the retailer is known for its purchase of nearly 2,000 Brooks and Eckerd drugstores back in 2006.
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