The Union Of The Rite Aid Chain - 944 Words

Alex Grass founded the Rite Aid chain in Scranton, Pennsylvania in September 1962 as a health and beauty store, originally called Thrift D Discount Center. Grass was an attorney and came into retailing on accident. Grass grew up in a family that struggled with money throughout their lives. He grew up during the Depression, so his family went through a lot of tough times. Grass attended The University of Florida Law School and then went on to marry into a wealthy family. Soon he went to work for his father-in-laws grocery distribution company where he served as chairman and chief executive officer. As Grass was working for this company, he noticed the scarcity of health and beauty stores so he decided to open his first store specializing in†¦show more content†¦During this same year, Rite Aid gained pharmacy benefits manager PCS Health Systems. In 2007, Rite Aid merged with with Brooks Eckerd Pharmacy and added over 1,500 stores. In 2015, it obtained pharmacy benefits manager Envision Pharmaceutical Services for around two billion dollars. Rite-Aid has an extensive history of store expansions. Throughout the first ten years of store openings, Rite Aid had expanded to two-hundred and sixty-seven locations over a span of ten states. In 1983, the company received one billion dollars in sales. In 1987, Rite Aid gained Gray Drugs, which increased their store locations to four hundred twenty across eleven states. Eventually, Rite Aid would become the biggest drugstore chain within the United States, with over two thousand stores total. Rite Aid continued to grow after that, once again increasing how many stores they had to around four thousand after several more acquisitions. Some of theses acquisitions included Read’s Drug Store, Hook’s Drug store, Lane Drug store, Harco, and Perry Drug Store (which had two hundred twenty four stores), and Thrifty PayLess (which had a total of one thousand stores). The Thrifty PayLess acquisition included the Bi-Mart membership discount store chain, which Rite Aid ended up sel ling in 1998 gaining more profits. Rite Aid has been around for many years and has accumulated many strengths,Show MoreRelatedSame Sex Marriage (Debate Paper)4727 Words   |  19 Pagesby pagan religions, particularly sects of the Mother Goddess Cybele (imported from Asia Minor). The bride is a transvestite only for the duration of this ceremony, for in a deeply religious sense he has temporarily become the goddess at these holy rites. Many ancient writers, such as  Strabo and Athenaeus, wrote that the  Gauls or Celts  commonly practiced homosexuality. Aristotle wrote that the Celts â€Å"openly held in honor passionate friendship between males.† Diodorus Siculus wrote thatRead MoreCvs: the Web Strategy2712 Words   |  11 PagesMarketing Channels WRITTEN GROUP CASE ASSIGNMENT CVS: The Web Strategy This case is about CVS, one of the biggest drugstore chains in the US. 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