Rite Aid Weekly Ad – Rite Aid Corporation is a US drugstore chain in the United States and a Fortune 500 company headquartered in East Pennsboro Township, Cumberland County, Pennsylvania, near Camp Hill. Rite Aid is the largest drugstore chain on the East Coast and the third largest in the US One bid was filed by Alliance Boots Walgreens Rite Aid in October 2015. accepted the offer and is currently awaiting government approval of antitrust committee. If the deal is approved without substantial divestiture of stores, Walgreens will form the eshoppingnewsworld largest chain of retail pharmacies in terms of number of locations.
Rite Aid began in 1962 as a single store opened in Scranton, Pennsylvania called Thrift D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Today, Rite Aid is publicly traded on the New York Stock Exchange under the ticker RAD. Rite Aid reported total sales of $ 25.5 billion in fiscal year 2014. As of February 6, 2015, market capitalization was about Rite Aid $ 07.15 billion. Its main competitors are CVS and Walgreens. It announced on October 27, 2015, it would take about $ 17.4 billion Rite aid awaiting approval.
readmore: Rite Aid Weekly Ad February 12 – 18, 2017.