Corporate Profile for Rite Aid Corp., dated Sept. 1, 1995.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company and many others. -0- Published date: Sept. 1, 1995 Company name: Rite Aid Corp.
Address: 30 Hunter Lane
Camp Hill, PA 17011
Telephone No.: 717/761-2633 Chief Executive Officer: Martin L. Grass, Chairman and CEO Chief Operating Officer: Timothy J. Noonan, President and COO Chief Financial Officer: Frank M. Bergonzi, Executive Vice President and CFO Investor Relations Contact: Frank Bergonzi Business number: 717/975-5750
Public Relations
Contact: Suzanne Mead, Vice President, Corporate Communications
or Public Relations Manager
Business number: 717/975-5743
Trading symbol: RAD Industry: Retail, Pharmaceutical Company description: Rite Aid Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. Corp. is the nation's largest drugstore chain, operating more than 2,700 community drugstores in 21 Eastern states Eastern States can refer to several locations:
Most new stores also offer drive-thru pharmacy windows, expanded cosmetic selections, express mail, one-hour photo finishing and convenience food departments. Rite Aid plans to build more than 1,000 of these stores over the next three years. New store construction and acquisitions have played an important role in Rite Aid's growth. Since 1980, the company has more than tripled its store count, and currently serves over 2,500 communities. Recently, Rite Aid became the largest drugstore chain in Michigan with its acquisition of 224 Perry drugstores. Rite Aid also is on its way to becoming the dominant chain pharmacy player in the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. metropolitan market. Recently, Rite Aid acquired 30 freestanding Pathmark drugstores in this region, increasing Rite Aid's store count in the area to more than 80. Rite Aid also has signed leases for an additional 31 new stores to open in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area over the next 24 months. Rite Aid also operates Eagle Managed Care Corp., a wholly-owned subsidiary that markets prescription plans and sells other managed health care services to large employers and government-sponsored employee benefit programs. In fiscal 1995, ended March 4, 1995, Rite Aid reported sales of $4,533,851,000 and net income of more than $141,000,000 or $1.67 per share. The company's stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the Pacific Stock Exchange under the symbol RAD. For more current financial reports, call the Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Department at 717/975-5743. CONTACT: Rite Aid Corp. REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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