The Distribution Of Rite Aid Essay - 1914 Words

According to Rite-Aid history, the federal legislation in 1962 had a fixed minimum retail pricing on products in the retail industry. In 1962, Alex Grass, Rite-Aid’s founder and CEO, has opened the first discount drugstore in Scranton, PA under the name Thrif D Discount Center. By 1965, their company has expanded quickly by opening five new locations in the Northeast. Around 1968, Rite-Aid corporation became official with the company’s first public offering the American Stock Exchange, then by the 70’s they had moved to the New York Stock Exchange. With multiple acquisitions with smaller regional chains in the Northeast, Rite-Aid grew to over 267 stores in ten states within a decade. Even the middle east oil embargo and slow economic growth the persistent recession of the mid 70’s had slowed the company’s momentum. By 1981, the company became the third largest retail pharmacy in the nation. They surpassed the $1 billion sales mark. Rite-Aid’s growth continued through the 80’s and 90’s which culminating in 1995 with acquisition of 224 Perry Drug Stores, bringing its total number of stores over 3,000. With a strong market presence, the company decided to expanded their services in the west through acquisition of Thrifty Payless Holdings, Inc. within 1996. With a 1,000 store acquisition and the acquisition of two large firms on the Golf Coast which provided the company with a strong market. As of March, Rite-Aid has been operating 3,623 retail drugstores. Rite-Aid hadShow MoreRelatedDistribution Of Rite Aid Pharmacy1620 Words   |  7 PagesRite Aid Pharmacy is aiming to make itself as a cost leadership company in the national drug retailer industry. The cost leadership strategy focuses on focuses on lower cost and differentiation than their competitors (Barney Hesterly, 2012). Businesses using the cost leadership strategy focuses on making lower prices and can still make a satisfactory profit. The cost lea dership can charge a lower price but can still make about the same amount of profit with its competitors. Rite Aid has been successfulRead MoreThe Union Of The Rite Aid Chain944 Words   |  4 PagesAlex Grass founded the Rite Aid chain in Scranton, Pennsylvania in September 1962 as a health and beauty store, originally called Thrift D Discount Center. Grass was an attorney and came into retailing on accident. Grass grew up in a family that struggled with money throughout their lives. He grew up during the Depression, so his family went through a lot of tough times. Grass attended The University of Florida Law School and then went on to marry into a wealthy family. Soon he went to work for hisRead MoreA Grocery Store And A Gas Station914 Words   |  4 PagesVI. Competition Wawa is a convenience store and a gas station. In terms of the convenience stores, our main competitors are 7-Eleven, Heritages, Walgreens, and Rite Aid. In terms of the Gas station, our competition is against local gas stations with lower prices, and Sunoco. To start listing our competitors in the convenience e store competition, 7-Eleven has 58, 300 stores in 17 countries. They are also known for famous for their famous 32, 44, and 64 oz Big Gulp cups. In some locations they evenRead MoreThe Marketing Of Cvs Health Operates1422 Words   |  6 Pagesconsolidated, multibillion dollar corporations that manage the distribution and payment of prescriptions. Consumers can now be diagnosed by a care giver, shop, and get a prescription filled all in one store (2). CVS Health faces two main competitors in the retail drugstore industry: Walgreens, and Rite Aid. According to the National Retail Federation, CVS Health is second only to Walgreens in overall retail sales in 2014 (See Figure 1). Rite Aid follows Walgreens and CVS in third ahead of only â€Å"HealthRead MoreCase Study2420 Words   |  10 PagesResearch paper: Rite Aid Case study Professor: Dr. Andy Saucedo Student: Nguyen Thi Hong Van Student ID: 186151 Submission date: December 5, 2010 Abstract Rite Aid Corporation is the third largest drugstore chain in the United States based on revenues and number of stores. Besides more than 4,000 of retail drugstore in 31 states of the US, online store contributed to 32.1% of revenue of Rite Aid in fiscal year 2010Read MorePharmacist Research Paper940 Words   |  4 PagesPharmacy Degree† (â€Å"Pharmacy Requirements†). â€Å"Pharmacy programs take about four years to complete and provide instruction in subjects such as drug therapy, communicating with patients, professional ethics, and developing and managing medication distribution systems† (â€Å"cruising†). An optional thing to do to further your education is to complete a one to two year internship. Once finished with the PharmD program, a license is required by the state. If a PharmD degree is acquired then the pharmacistRead MoreCvs Marketing Development Essay example1543 Words   |  7 Pagesis divided mostly between large chain stores such as CVS, Walgreen, Rite Aid, etc. The market is rather saturated and the competition is strong on the part of the comparable size players as well as online retailers and supermarkets. The industry faces personnel shortages especially in qualified pharmacists and pharmacy technicians. In the past the industry was strictly regionally dominated with Walgreen dominating the West, Rite Aid was strong in the South and Southeast, and CVS spread throughout theRead MoreCVS Marketing Development Essays1508 Words   |  7 Pagesis divided mostly between large chain stores such as CVS, Walgreen, Rite Aid, etc. The market is rather saturated and the competition is strong on the part of the comparable size players as well as online retailers and supermarkets. The industry faces personnel shortages especially in qualified pharmacists and pharmacy technicians. In the past the industry was strictly regionally dominated with Walgreen dominating the West, Rite Aid was strong in the South and Southeast, and CVS spread throughout theRead MoreL Eggs Distribution Channels Essay1442 Words   |  6 Pagesexpansion through market development. Thus he employed a market analyst to examine Hanes hosiery competitors. This resulted in the discovery of a highly fragmented market in food and drug stores(Arnold 2013). This led to the selection of L eggs distribution channels. The company uses both direct and indirect channels to distribute L eggs hosiery. Their direct channel includes Hanes.com and Hanes outlet stores. The customer is able to purchase their hoisery using Hanes.com or by looking up aRead MoreWalgreens Company Analysis and Integration Strategy Essay10861 Words   |  44 Pagesand Drug Stores† industry. â€Å"The US drugstore industry includes about 42,000 establishments with combined revenue of about $220 billion† (Walgreens Co.). The top three companies within this industry are CVS Caremark Corporation, Walgreen Co., and Rite Aid Corporation. As shown in the table below, Walgreen Co. currently fills the second spot within the â€Å"Pharmacies and Drug Stores† industry. (Walgreen Co., 2011) While CVS Caremark Corporation produces more sales, their sales are inflated by about