Rite Aid Corporation

GPTKB entity

Statements (54)
Predicate Object
gptkbp:instanceOf gptkb:public_company
gptkbp:acquiredBy gptkb:Walgreens_Boots_Alliance
gptkb:Albertsons_Companies
gptkbp:acquisitionOutcome partial acquisition by Walgreens (2018)
gptkbp:CEO Elizabeth Burr (interim, as of 2023)
gptkbp:chapter11FilingDate October 2023
gptkbp:competitor gptkb:Walgreens_Boots_Alliance
gptkb:CVS_Health
gptkb:Walmart_Pharmacy
gptkbp:country gptkb:United_States
gptkbp:founded 1962
gptkbp:founder gptkb:Alex_Grass
gptkbp:headquartersLocation gptkb:Philadelphia,_Pennsylvania,_United_States
https://www.w3.org/2000/01/rdf-schema#label Rite Aid Corporation
gptkbp:industry gptkb:pharmacy
retail
gptkbp:keyPerson Alex Grass (founder)
Elizabeth Burr (interim CEO)
Heyward Donigan (former CEO)
gptkbp:logo Rite Aid logo.svg
gptkbp:market one of the largest drugstore chains in the United States
gptkbp:NASDAQDelisting 2023
gptkbp:notableEvent opioid litigation settlements
acquired Brooks and Eckerd drugstores in 2007
acquired Thrifty PayLess in 1996
attempted merger with Albertsons in 2018 (failed)
filed for Chapter 11 bankruptcy in October 2023
restructuring under bankruptcy
sold stores to Walgreens in 2018
store closures in 2023-2024
gptkbp:notableProduct gptkb:Thrifty_Ice_Cream
Rite Aid brand products
gptkbp:numberOfEmployees ~45,000 (2023)
gptkbp:numberOfLocations ~2,200 (2023)
gptkbp:parentCompany gptkb:Rite_Aid_Corporation
gptkbp:previousName gptkb:Thrift_D_Discount_Center
gptkbp:products pharmaceuticals
convenience items
health and wellness products
gptkbp:revenue $24 billion (2022)
gptkbp:servesArea gptkb:United_States
gptkbp:services COVID-19 testing
pharmacy benefit management
immunizations
health screenings
flu shots
COVID-19 vaccinations
gptkbp:stockExchange gptkb:NYSE
gptkbp:stockSymbol gptkb:RAD
gptkbp:subsidiary gptkb:Elixir_(pharmacy_benefit_manager)
gptkbp:type public
gptkbp:website https://www.riteaid.com/
gptkbp:bfsParent gptkb:Rite_Aid
gptkbp:bfsLayer 6