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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [ 10] 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's initial public offering at $25 a share on the New York Stock Exchange earned the Grass family $8.75 million. Rite Aid purchased a rival chain, the Daw Drug Company, which was based in Rochester, New York, in 1969, which doubled the company's size and gave Rite Aid a pharmacy business for the first time. By the middle of the 1990s ...
Heyward Donigan. Heyward Donigan is an American business executive. She served as President and CEO of Rite Aid from 2019 to 2023. Heyward Donigan. Education. University of Virginia, New York University. Title. President and CEO of Rite Aid (2019-2023)
Updated June 20, 2024 at 8:17 AM. Angus Mordant. Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations ...
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Rite Aid filed a petition under Chapter 11 of the U.S. Bankruptcy Code on Oct. 15 amid flagging sales, mounting debt and several opioid-related lawsuits. According to the Wall Street Journal, the ...
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