| Business Summary | | Rite
Aid
Corporation
is
the
second
largest
retail
drugstore
chain
in
the
United
States
based
on
store
count
and
the
third
largest
based
on
sales.
Rite
Aid
operates
its
drugstores
in
30
states
across
the
United
States
and
in
the
District
of
Columbia.
The
Company
operates
3,648
stores
and
had
a
first
or
second
place
market
position
in
34
of
the
65
major
United
States
metropolitan
markets
in
which
it
operated.
The
Company's
stores
sell
prescription
drugs
and
a
wide
assortment
of
general
merchandise
that
it
refers
to
as
"front-end
products,"
including
over-the-counter
medications,
health
and
beauty
aids
and
personal
care
items,
cosmetics,
greeting
cards,
household
items,
convenience
foods,
photo
processing
services
and
seasonal
merchandise. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Rite
Aid
Corporation
operates
a
chain
of
3,648
(as
of
5/01)
retail
drugstores
in
30
states
and
D.C.
The
Company
sells
prescription
drugs
and
a
wide
assortment
of
general
merchandise.
For
the
13
weeks
ended
6/2/01,
revenues
rose
8%
to
$3.71
billion.
Net
loss
from
continuing
operations
applicable
to
Com.
decreased
47%
to
$217.8
million.
Revenues
reflect
increased
pharmacy
sales.
Lower
loss
benefitted
from
$49.8
million
in
gains
on
sale
of
assets
and
investments. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Robert Miller, 57 Chairman,
CEO | $9.0M | Mary Sammons, 54 Pres,
COO, Director | 6.9M | John Standley, 38 CFO,
Sr. Exec. VP | 4.0M | Christopher Hall, 36 Exec.
VP, Fin. and Accounting | -- | David Jessick, 47 Sr.
Exec. VP, CAO | 4.0M | Dollar amounts are as of 2-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|