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Home > Company Index > Retail > Drug, Health & Beauty Product Retailing > Rite Aid Corporation

Rite Aid Corporation
NYSE: RAD
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 NEWS FROM THE WIRES
Rite Aid gets nod to settle shareholders' lawsuits
Aug 16 2001 12:19 PM PDT

Rite Aid gets nod to settle shareholders' lawsuits
Aug 16 2001 12:19 PM PDT

NYSE short interest rises to record level in July
Jul 19 2001 01:08 PM PDT

Drug-store groups sue over Medicare discount card
Jul 18 2001 09:47 AM PDT

Rite Aid sees 2002 legal costs up to $12 million
Jul 16 2001 01:02 PM PDT

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 PROFILE
Rite Aid bulked up too much, and drugs are partly to blame. The company is the nation's #3 drugstore chain (behind #1 Walgreen and #2 CVS), with about 3,800 drugstores in 30 states and Washington, DC. Rite Aid stores fill prescriptions, as well as sell health and beauty products, convenience foods, and other items. Rite Aid also owns about 15% of drugstore.com. Slimming down in late 2000, Rite Aid sold its health care provider, PCS Health Systems, to pharmacy benefits manager Advance Paradigm. A host of troubles, capped off by the restatement of more than $1 billion in inflated profits over a two year period, has led the company to part ways with the founding Grass family.

 COMPETITION
CVS Corporation (CVS)
Eckerd Corporation (dossier)
Walgreen Co. (WAG)

 DEALS
Deal: Rite Aid, GNC Invest in Drugstore.com
Date Announced: 06.22.99
Value of transaction (US $Mil): 10
Description: Offline drug retailers sign ten year alliance to sell products on online drugstore

Search all deals for this company

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: February
2001 Sales (mil.): 14,516.90
1-Yr. Sales Growth: (1.1)%
Employees: 75,500
Revenue per employee: $192,276.82

 KEY PEOPLE
• Robert G. Miller
    CEO
• John T. Standley
    CFO

 CONTACT INFO
30 Hunter Ln.
Camp Hill, PA 17011
US
Phone: 717-761-2633
Fax: 717-975-5871
Online: Web Site

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