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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. The company was founded in 1962 and is being purchased by pharmacy leader Walgreens Boots Alliance.
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