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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [10] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Angus Mordant. Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations are in Ohio and Michigan. More ...
Food Lion was founded in 1957 in Salisbury, North Carolina, as Food Town by Wilson Smith, Ralph Ketner, and Brown Ketner. The Food Town chain was acquired by the Belgium-based Delhaize Group grocery company in 1974. [7] Due to Ralph Ketner's savvy business sense and ever-growing grocery store endeavors, initial investors of Ketner's 'Food-Town ...
Albertsons Companies, Inc. [1] [2] is an American grocery company founded and headquartered in Boise, Idaho . With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, [3] [8] [6] the company is the second-largest supermarket chain in North America after Kroger.
Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses and its stock is down more than 90% for the year.
The Rite Aid logo is displayed outside a Ride Aid store on December 21, 2022 in Los Angeles, California. (Photo by Mario Tama/Getty Images) (Mario Tama via Getty Images)
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