Payless Drug Stores Inc.

News & Analysis

payless drug stores inc. - All News and Analysis

• McAlear begins the process of integrating Thrifty, PayLess

  - 1994-06-20

  WILSONVILLE, Ore. -- As Thrifty PayLess Inc. president and chief executive officer Tim McAlear wrestles with the inevitable headaches of integrating the Thrifty Corp. and PayLess Drug Stores groups into the nation's third largest drug chain, he can be forgiven if he thinks back to 1992 when PayLess acquired 124...

  Tags: Payless Drug Stores Inc.

• Thrifty Drugs, Payless Drug Stores merger rolls forward

  - 1994-05-16

  PALM BEACH, Fla. -- The Thrifty PayLess merger, which concluded at the end of last month in a leveraged-buyout transaction valued at just over $1 billion, created a Western mega-chain of 1,038 stores to be operated as two divisions under their respective names for the time being, the chain's president...

  Tags: Drug Store News, Payless Drug Stores Inc.

• Health Media program helps drug chains

  - 1994-04-25

  WILSONVILLE, Ore. - The controversy over vitamin labeling is confusing, but a California-based firm believes that it's found one method of helping consumers understand the the value of dietary supplements. Health Media of America, based in San Diego, has teamed up with PayLess Drug Stores to implement an educational program...

  Tags: Payless Drug Stores Inc.

• FTC gives PayLess sale go-ahead

  - 1994-03-14

  WASHINGTON -- The Federal Trade Commission has agreed to give its approval to the acquisition of PayLess Drug Stores by TCH Corp. which controls Thrifty Drug Stores, pending the company's divestiture of its pharmacy business in five northern California, Oregon and Washington markets.The FTC had challenged the $1 billion takeover...

  Tags: FTC, Leonard Green & Partners L.P.

• Drug chains rally after L.A. quake

  - 1994-02-07

  LOS ANGELES -- Drug chains here responded rapidly to help the community after Jan. 17's 6.6-magnitude earthquake. The quake, which caused an estimated $30 billion in damage, forced the temporary closings of dozens of drug stores. All drug chains in the region, including Longs, PayLess, Thrifty, Say-on, A.D. Clark,...

  Tags: Payless Drug Stores Inc.

• Thrifty, PayLess and the shape of things to come

  - 1993-12-06

  The future of PayLess Drug Stores has apparently been determined. It will be owned by Leonard Green & Partners, the financial group that controls Thrifty Corp. And it will be run by Tim McAlear, currently the chief executive officer at PayLess.Now for the more difficult questions: How will the new...

  Tags: Payless Drug Stores Inc.

• From Pay 'n Save to Payless: it's steady at she goes in Seattle chain's conversion

  - 1993-10-11

  It's steady as she goes in Seattle chain's conversion The acquisition a year ago of 126-store Pay 'n Save from then-parent Thrifty Corp. solidified PayLess' dominance in the Pacific Northwest and gave the chain entree to Alaska and Hawaii. This article recounts how the change was engineered in...

  Tags: Payless Drug Stores Inc.

• Kmart opens largest power center - multistore Kmart complex opens in Utica, Mich

  - 1993-08-16

  UTICA, Mich. -- Kmart took the wraps off of its newest discount store here in its largest power center in the country.

  Tags: K Mart

• Assessing health care reform's impact

  - 1993-06-07

  As a chain drug retailer, the impact of President Clinton's health care reform will prove to be twofold for PayLess Drug Stores. Not only will it impact us as an employer of 21,000 people, we must also be concerned as a health care provider--specifically with pharmacy services.We look forward to...

  Tags: Payless Drug Stores Inc.

• PayLess captures new markets with Pay'n Save acquisition

  - 1993-04-26

  WILSONVILLE, Ore. -- PayLess Drug Stores made a strategic leap forward in 1992 with the mid-year purchase of 126 Pay'n Save stores, acquired from Thrifty Corp.-parent Pacific Enterprises. The expansion moved PayLess into two new markets, Alaska and Hawaii. The additional stores also helped boost the chain's 1992 sales...

  Tags: Payless Drug Stores Inc.