October 26, 2012 |
A $50,000 reward was announced Thursday for the capture of a drug store desperado who robbed 13 Philadelphia area pharmacies of prescription drugs and money. The Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) announced a $10,000 reward Thursday for "information leading to the arrest and conviction of the person(s) responsible. " Rite-Aid posted an additional $40,000 reward, administered through the Citizens Crime Commission, for the robberies at Rite-Aid locations. The collected value of the drugs and money stolen were not immediately available.
April 2, 1991 |
Rite Aid Corp., the nation's largest drug retailer, yesterday announced record fourth-quarter and year-end sales and earnings. Alex Grass, chairman and chief executive officer of the Shiremanstown company, said same-store sales for Rite Aid drugstores, including the large number of units it acquired in 1987 and after, continued to grow. Rite Aid drugstores achieved gains of 7.8 percent in comparable-store sales in its fourth quarter and 7.3 percent for the year. Comparable-store sales are business at stores that were open in the same period the year before.
December 17, 2004 |
Rite Aid Corp. reported a loss yesterday for its third quarter compared with a profit in last year's quarter. The drugstore chain also lowered its outlook for its fiscal year. "This was a difficult quarter," said Mary Sammons, Rite Aid's chief executive officer. "There has been a very slow start for the cough, cold and flu season. " A benefits change by the United Auto Workers, establishing mandatory mail-order prescriptions for union members, also trimmed sales, she said.
June 10, 1989 |
Rite Aid Corp. has asked that a Cleveland prosecutor be removed from handling a grand jury investigation of Rite Aid president Martin L. Grass on the ground he made improper statements to the media. Rite Aid charged in a motion that William R. Caine, an assistant prosecutor for Cuyahoga County, violated Ohio rules of legal conduct concerning grand jury secrecy. The grand jury is investigating allegations that Grass tried to bribe a member of the Ohio Board of Pharmacy. In the motion, Rite Aid, based in Harrisburg, also questioned a decision by the prosecutor not to call the pharmacy-board member, Melvin Wilczynski, to testify before the grand jury.
August 4, 1989 |
A Cleveland judge yesterday lifted a temporary restraining order that had blocked county prosecutors from serving Rite Aid Corp. and its president with an indictment. Cuyahoga County Common Pleas Court Judge Lillian Greene, who issued the order Wednesday on a motion by Rite Aid lawyers, gave no reason for rescinding it, said John Chmielewski, a deputy court clerk. Rite Aid's lawyers have challenged the method by which the indictment was issued and unsealed. The Shiremanstown drugstore chain and its president, Martin L. Grass, are charged with bribing a member of the state pharmacy board to resign.
December 5, 1991 |
Rite Aid Corp., in a revised proposal, yesterday offered about $675 million to buy Revco D.S. Inc., a privately owned drugstore chain based in Ohio, and bring it out of Chapter 11 bankruptcy proceedings. Rite Aid, a drugstore chain based in Shiremanstown, near Harrisburg, and five Revco bondholders jointly submitted the plan. It calls for giving Revco creditors $542 million in cash and distributing about $133 million worth of Rite Aid common stock to creditors. In addition, Rite Aid would assume about $80 million of Revco liabilities.
May 2, 1987 |
Rite Aid Corp., making its largest single acquisition ever, yesterday said it agreed to buy the 356-store Gray Drug Fair Inc. for between $115 million and $120 million. The seller is Sherwin-Williams Co., the Cleveland-based paint manufacturer, which has been trying to dispose of its drugstore holdings since last summer. With the acquisition, the fast-growing Rite Aid will operate 2,048 stores, putting it neck-and-neck with D.S. Revco Inc. for the distinction of being the nation's largest drugstore chain.
July 18, 1990 |
Rite Aid Corp., emboldened after its vindication on bribery charges, said it would retaliate with a lawsuit against the Cleveland prosecutor who handled the case. "They dragged my name and Rite Aid's name through the mud," Martin Grass, Rite Aid's president and a defendant in the bribery case, said yesterday. In an interview from Rite Aid headquarters in Shiremanstown, Pa., Grass said that Rite Aid would take legal action within two weeks against William Caine, the assistant Cuyahoga County prosecutor who handled the case, and other foes of Rite Aid. Grass would not say on what grounds the suit would be brought, acknowledging that claims of prosecutorial abuse are difficult to win. "Just wait and watch and see," he said when asked about the legal strategy.
October 11, 1988 |
Rite Aid Corp. said yesterday that it wanted to sell its 46.8 percent interest in Super Rite Foods Inc., a wholesale and retail food business, to channel its efforts into its core business of drugstores. Alex Grass, chairman and founder of Rite Aid, is leading a group of family members and Super Rite management that plans to make a proposal to buy the food business. Rite Aid, based in Shiremanstown, Pa., near Harrisburg, is the nation's largest drugstore chain with 2,142 stores.
March 31, 1987 |
Rite Aid Corp. said yesterday it had agreed to sell its stake in a profitable British drugstore chain for $102 million. Rite Aid, the second-largest drugstore chain in America, said it decided to sell its interest in Superdrug Stores PLC after receiving an unsolicited but generous offer from Woolworth Holdings, a British retailer. "We got a tremendous price for it," said Martin Grass, executive vice president. Rite Aid owns 28.2 percent of the British chain, which it helped to establish in 1971.