LYCOS RETRIEVER 
Rite Aid: New York
built 276 days ago
In 1972 Rite Aid focused on internal efficiency in preparation for additional expansion. Also in 1972, Sera-Tec Biologicals, Biogenics, Inc., and Immuno Blood Services, Inc., were merged to form what would become known in the early 1990s as Sera-Tec. When 1972's Hurricane Agnes wrought severe damage on the company's stores in Wilkes-Barre, Pennsylvania, and Elmira, New York, it ... damaged the phone and water service at corporate headquarters. Teams worked around the clock to make the necessary repairs, and stores were reopened fairly rapidly. In fact, Rite Aid handled the disaster so impressively that it still was able to report filling more than 6.25 million prescriptions that year.
Source:
In February 1996, the FTC announced the appointment of a trustee, R. Steven Thing, to divest the pharmacy assets in Maine and New Hampshire after Rite Aid missed its deadline. The trustee found acquirers for the pharmacy assets in two of the areas. The Commission on January 2, 1997, approved the divestiture of the Berlin, New Hampshire, assets to Maxi Drugs and on January 29, 1997, approved the divestiture of the Lincoln, Maine, assets to Hannaford Bros. Co. The drugstores in Bucksport, Maine, continue to be operated by Rite Aid.
Source:
By 1981 Rite Aid had become the third largest retail drug chain. It acquired the 31-store South Carolina division of Fays Drug and made its third stock split since its initial public offering in 1968, issuing additional common stock contingent on the four-for-three stock split. The company ... formed a new division to handle its business in West Virginia and western Pennsylvania.
Source:
A new website devoted to Rite Aid news will ... hit cyberspace just in time for the conference. The ILWU sponsored site, http://www.riteaidinsider.com/, tracks issues of concern to investors, consumers, and seniors. 1199SEIU also has a website for drugstore employees at http://www.riteaidworkerstogether.org/.
Source:
Wells Fargo spokeswoman Michele Ashley offered an oblique response to a query about possible interest in the Rite Aid site. The bank is always looking for new opportunities to improve its operations, she said, but it has "no concrete plans" for relocating.
Source:
MORE ABOUT
New York