BNET Industries

Rite Aid Corp.

(RAD) is in the Retail Industry

Market Cap:$1.1B

Last Fiscal Year Sales:$24.3B

Public
US

Dow Jones Description

Rite Aid Corporation is one of the nation's leading drugstore chains. With the June 4, 2007 acquisition of Brooks Eckerd, the company has annual revenues of more than $27 billion, more than 5,000 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts, and approximately 116,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD.

Number of Employees 103,000

Contact Information

30 Hunter Ln

PO Box 3165

Camp Hill, Pennsylvania 17011-2400

www.riteaid.com

(717) 761-2633

Peer Companies

NAICS Code Pharmacies and Drug Stores: 446110

Company News

Recent Events

CVS settles suit over expired products

11/11/09 - Legal Settlement - View Story
Bellaboo Skincare: For Teens By Teens!

11/10/09 - Product Announcement - View Story
Rite Aid to replace Camp Hill store tomorrow

11/10/09 - Planned Site Openings - View Story
Walgreen Oct. Comps. Rise 4.9% - Update

11/03/09 - Financial Announcement - View Story
1 Bessemer Division approves AG Kingâ€™s motion to dismiss DAâ€™s suit; four other cases await...

10/29/09 - Lawsuit Filed - View Story
Rite Aid promotes Rx executives

11/02/09 - Mgmt. Change Entering - Vice President - View Story
Rite Aid Introduces Wellness+ Rewards Program

10/21/09 - Product Announcement - View Story
Fitch Affirms Rite Aid's IDR at 'B-'; Rates New Bonds; Outlook Stable

10/20/09 - Bond / Stock Rating - View Story
Thompson promoted by Rite Aid

10/12/09 - Mgmt. Change Entering - Vice President - View Story
Rite Aid to open Millsboro store

10/10/09 - Joint Venture / Alliance - View Story
Options Spotlight: American Express

10/09/09 - Financial Announcement - View Story
Rite Aid Launches Diabetes Campaign

10/01/09 - Joint Venture / Alliance - View Story
Rite Aid teams with hospital to open health clinics

9/29/09 - Planned Site Openings - View Story
Deutsche Bank Reiterates a 'Hold' on Rite Aid RAD; Comments on Upside/Downside Risk

9/25/09 - Bond / Stock Rating - View Story
Rite Aid F2Q10 (Qtr End 8/29/09) Earnings Call Transcript

9/24/09 - Mgmt. Change Entering - Vice President - View Story

News & Analysis

retail and rite aid corp. - All News and Analysis

Readers Ask: Rite-Aid, Somaxon Pharmaceuticals

Seeking Alpha - 2009-10-18

VFC submits: In "Readers Respond" I do my best to answer readers' questions, but keep in mind that my responses to these questions are my opinions and personal speculation that I have based on my own research and DD. Also, I will try to respond to a number of...

Tags: Retail, Biotech, VFC's Stock House, Rite Aid Corp., Somaxon Pharmaceuticals Inc.
Walgreen and Rite-Aid: Poised to Win Market Share

Seeking Alpha - 2009-07-05

RetailSails submits: Drug Stores were the first retail sector to report June same-store sales, as both Walgreen WAG and Rite-Aid RAD released monthly sales figures Friday. The sector continues to perform well, driven almost entirely by strong prescription demand, as front-end sales continue to be soft. Walgreen reported an...

Tags: Retail, RetailSails, Rite Aid Corp., Walgreen Co.
Rite Aid Corporation F1Q10 (Qtr End 05/30/09) Earnings Call Transcript

Seeking Alpha - 2009-06-24

Rite Aid Corporation RAD F1Q10 Earnings Call June 24, 2009 8:30 am ET

Tags: Retail, Rite Aid Corp.
Target Criticizes Ackman?s Board Nominees

Seeking Alpha - 2009-05-15

Todd Walker submits: Target Corp TGT is going on the offensive against activist investor Bill Ackman’s slate of director nominees. In a letter and presentation to shareholders this week, the company put into question the backgrounds of Ackman’s nominees. It was also critical of the commitment some of the nominees...

Tags: Retail, Todd Walker, Rite Aid Corp., Target Corp.
Rite-Aid: Bewildering Optimism

Seeking Alpha - 2009-01-14

Saj Karsan submits: When considering a company for investment purposes, investors must be wary of managements that over promise and under deliver. One symptom of such a situation is over-optimism from managements in their quarterly reports and conference calls. Consider Rite-Aid RAD, a U.S. drugstore chain. Deep down in the...

Tags: Retail, Saj Karsan, Rite Aid Corp.

What Liquidation Will Look Like for Footstar, Kmart

Seeking Alpha - 2008-12-01

Alex Bossert submits: Footstar (FTAR.OB) is a liquidation play with tangible equity of $82.1 million ($3.84 per share) and an expected liquidation value of at least $96 million ($4.5 per share). This compares to the current stock price of $2.8. I see a very low chance of getting less then...

Tags: Retail, Alex Bossert, Rite Aid Corp.
U.S. Consumers Could Feel Heat from Higher Fuel Costs

Seeking Alpha - 2008-08-28

FP Trading Desk submits: Higher home heating prices could be another deterrent to U.S. consumers shopping this holiday season. “As if retailers did not have enough to worry about, just as the holiday season rolls around, most consumers will find a new sticker shock in their heating bills,” Gary...

Tags: Retail, Bon-Ton Stores Inc., Cabelas Inc., Cheesecake Factory Inc., Dillard's Inc., Dick's Sporting Goods Inc., Family Dollar Stores Inc., Jones Apparel Group Inc., Kroger Co., Kohl's Corp., Nike Inc., Rite Aid Corp., Polo Ralph Lauren Corp., Sonic Corp., Safeway Inc., Under Armour Inc., Walgreen Co., Whole Foods Market, Wal-Mart Stores Inc.
Suburban Flight.(many stores, such as Rite Aid Corp., are finding that proper management can help inner citiy stores become profitable )(reprinted from Forbes magazine, 1998)

- 1999-02-15

Retail Stores Head for Inner Cities Reprinted with Permission of Forbes Magazine [C] Forbes Inc., 1998 As a 24-year-old working for his dad's drugstore chain in 1978, Martin Grass scouted out new locations in rural Kentucky and West Virginia. The chain has...

Tags: Forbes, Retail, Rite Aid Corp., SALES, Sears Roebuck & Co.
Rite Aid sells ADAP Inc

- 1995-05-15

CAMP HILL, Pa.--BUSINESS WIRE--May 15, 1995--Rite Aid Corp. (NYSE/PSE:RAD), Monday announced the sale of ADAP Inc. to an investment group led by Falcon Capital Inc. for an aggregate consideration of approximately $66 million.The transaction which closed on May 12, 1995 is subject to certain adjustments primarily based on the results...

Tags: Business Wire, FINANCE, Investment, Retail, Rite Aid Corp.