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Home > Company Index > Retail > Drug, Health & Beauty Product Retailing > Rite Aid Corporation
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Rite Aid Corporation |
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NEWS FROM THE WIRES |
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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
> More WIRE STORIES about this company
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PROFILE |
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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 |
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CVS Corporation (CVS)
Eckerd Corporation (dossier)
Walgreen Co. (WAG)
DEALS |
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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
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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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 |
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Robert G. Miller
CEO
John T. Standley
CFO
CONTACT INFO |
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30 Hunter Ln.
Camp Hill, PA 17011
US
Phone: 717-761-2633
Fax: 717-975-5871
Online: Web Site
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