Rite Aid formerly had a presence in the Columbus, Ohio market, but has since sold off its stores there to CVS. Displays in a Rite Aid store in Rose Hill, Fairfax County, Virginia in September 2018. This location was converted into a Walgreens.
In 2017, Walgreens acquired 1,932 stores from Rite Aid, including all the Rite Aids in West Virginia, in a $4.4 billion deal . “Rite Aid still exists; they’re still a brand. We did not acquire Rite Aid,” said Phil Caruso, manager of media relations at Walgreens.
Are there any Rite Aids in California?
After the acquisition, Walgreens closed about 600 stores over 18 months starting in spring 2018, mostly Rite Aid stores within a mile of an existing Walgreens. As of fiscal year 2018, California with 570 stores is home to the largest number of Rite Aids , followed by Pennsylvania and New York with 529 and 321 respectively.
How many Rite Aid stores are there in Virginia?
The statistic depicts the total number of stores of Rite Aid in the United States as of February 27, 2021, by state. In that year, Rite Aid operated 70 stores in Virginia. You need a Single Account for unlimited access.
Top States with the most Rite Aid locations: California Vs. Pennsylvania Vs. New York A location for every 75,260 people, with about 21% of the total number of Rite Aid locations A location for every 25,151 people, with about 21% of the total number of Rite Aid locations.
You can download the complete list of 2,387 Rite Aid location data as an Excel file , along with geo-coded addresses, phone numbers and open hours from our data store.
Will rite aid survive?
Rite Aid is not going to disappear any time soon despite its problems. No matter what happens at the FTC, Rite Aid will probably survive as part of a larger company ; because its revenue is too valuable to disappear.
Rite Aid ( NYSE: RAD) continues to survive , in many ways despite its best efforts. An attempt to sell out to Walgreens Boots Alliance led to the sale of some of its stores. While that cut debt and gave the company some breathing room financially, the drugstore chain still faces intense competition.
Some credit for breathing some life into this company likely goes to the new CEO, Heyward Donigan. She came to Rite Aid from Sapphire Digital , a company that employs omnichannel platforms to help clients shop for healthcare. Despite only holding the job since August, Donigan has begun her tenure on a surprisingly positive note.
Why does Rite Aid need Walgreens to survive?
Rite Aid needs Walgreen simply to survive because it is very close to death . Rite Aid stock was trading at $3.84 a share on May 15, 2017, which gave the company a market capitalization of $4.204 billion.
One of the next things we wondered was, is Rite Aid’s stock resilient enough to avert bankruptcy?
However, Rite Aid has also shown some signs of resilience. Amid a change of direction led by a new CEO, Rite Aid’s stock has risen in recent months. However, while these changes could help avert a near-term bankruptcy , it still leaves Rite Aid struggling to find a sustained path forward.