Rite Aid (NYSE: RAD) is a drugstore chain in the United States and a Fortune 500 company headquartered in East Pennsboro Township, Pennsylvania, near Camp Hill. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S.
Rite Aid began in 1962 as a single store opened in Scranton, Pennsylvania called Thrif D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Today, Rite Aid is publicly traded on the New York Stock Exchange under the ticker RAD. Rite Aid reported total sales of USD $24.3 billion in fiscal year 2008. In 2008, its market capitalization dropped to under $500 million. As of 23 February 2012 (2012 -02-23), the market capitalization of Rite Aid was about $1.4 billion.
Its major competitors are CVS and Walgreens.
Read more about Rite Aid: History
Famous quotes containing the words rite and/or aid:
“A woman can get marries and her life does change. And a man can get married and his life changes. But nothing changes life as dramatically as having a child. . . . In this country, it is a particular experience, a rite of passage, if you will, that is unsupported for the most part, and rather ignored. Somebody will send you a couple of presents for the baby, but people do not acknowledge the massive experience to the parents involved.”
—Dana Raphael (20th century)
“The reason why any one refuses his assent to your opinion, or his aid to your benevolent design, is in you: he refuses to accept you as a bringer of truth, because, though you think you have it, he feels that you have it not. You have not given him the authentic sign.”
—Ralph Waldo Emerson (1803–1882)