1990s: Sale To Rite Aid
Perry Drug Stores posted a brief period of sharp declines in sales in 1990, with locations in Indiana and Wisconsin being sold off. By 1993, the Perry Drug Chicago locations were re-acquired and liquidated.
After its out-of-state operations were sold, Perry continued to expand its presence within Michigan. Many locations were remodeled to the chain's "store of the '90s" format; in addition, an online computer system called PerryLink was implemented at all stores, allowing for customers to have their prescriptions filled at any location.
Rite Aid, a drugstore chain based in Camp Hill, Pennsylvania, acquired twenty-five locations from Hook's Drug Stores in 1994, subsequently selling nine of the locations to Perry. One year later, Rite Aid acquired all 224 of Perry Drug Stores' locations, including the former Hook's Drugs locations. The acquisition of Perry Drug Stores in 1995 was the largest acquisition made by Rite Aid. It also brought Rite Aid to the Detroit area, where it previously had no stores.
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