History
Alex Grass founded the Rite Aid chain in Scranton, Pennsylvania in September 1962. The first store was called Thrif D Discount Center, a health and beauty aids store, without a pharmacy. It was an offshoot of Rack Rite Distributors a subsidiary of his father-in law’s Lehrman & Sons which Alex Grass launched in 1958, that rented and stocked racks with health and beauty aids in grocery stores. In 1965 their 23rd store added a pharmacy and the company name was changed to Rite Aid. Through acquisitions and new stores, Rite Aid quickly expanded into 5 northeast states by 1965. The chain was officially named Rite Aid Corporation in 1968 and made its debut on the American Stock Exchange. It moved to the New York Stock Exchange in 1970. In 2011, Rite Aid was ranked #100 on Fortune 500 Largest U.S. Corporations.
Read more about this topic: Rite Aid
Famous quotes containing the word history:
“When the history of this period is written, [William Jennings] Bryan will stand out as one of the most remarkable men of his generation and one of the biggest political men of our country.”
—William Howard Taft (18571930)
“You that would judge me do not judge alone
This book or that, come to this hallowed place
Where my friends portraits hang and look thereon;
Irelands history in their lineaments trace;
Think where mans glory most begins and ends
And say my glory was I had such friends.”
—William Butler Yeats (18651939)
“To summarize the contentions of this paper then. Firstly, the phrase the meaning of a word is a spurious phrase. Secondly and consequently, a re-examination is needed of phrases like the two which I discuss, being a part of the meaning of and having the same meaning. On these matters, dogmatists require prodding: although history indeed suggests that it may sometimes be better to let sleeping dogmatists lie.”
—J.L. (John Langshaw)