Type: Public
On the web: http://www.riteaid.com
Employees: 91,800
Employee growth: (5.8%)

Rite Aid is clinging to its position as a distant third (behind CVS and Walgreen) in the US retail drugstore business. The ailing company runs more than 4,700 drugstores in about 30 states and the District of Columbia. Rite Aid stores fill prescriptions (about two-thirds of sales) and sell health and beauty aids, convenience foods, greeting cards, and other items, including some 3,000 Rite Aid brand private-label products. About 60% of all Rite Aid stores are freestanding and about 50% have drive-through pharmacies. Rite Aid acquired more than 1,850 Brooks and Eckerd drugstores from Canada's Jean Coutu Group for about $4 billion, which left the company with plenty of debt and redundant stores in some areas.

Key numbers for fiscal year ending February, 2011:
Sales: $25,214.9M
One year growth: (1.8%)
Net income: ($555.4)M

Officers:
Co-Chairman: Michel Coutu
Co-Chairman: Mary F. Sammons
President, CEO, and Director: John T. Standley

Competitors:
CVS Caremark
Walgreen
Wal-Mart

© 2012 Hoover's, Inc. All rights reserved.