Rite Aid Corporation is a pharmacy chain headquartered in Pennsylvania. The company operates over 2,600 stores in 27 states. As of February 2019, it had a total market cap of $24.
4 billion. California is currently one of the 27 states that Rite Aid operates in.
The company has been in California since 1933. In 2018, Rite Aid announced that it would be closing 150 stores nationwide.
The closures ranged from small, standalone locations to larger stores that were part of larger chains. Rite Aid stated that the closures were a result of the company’s efforts to focus on its “core pharmacy business.”.
Although Rite Aid announced that it would be closing 150 stores nationwide, it has only closed 43 stores in California. This is likely due to the company’s strong presence in the state. Rite Aid has 2,606 stores in 27 states and employs over 47,000 people.
In addition, California is one of the states that has a collective bargaining agreement with Rite Aid. This agreement allows the company to negotiate wages and benefits on behalf of its employees.
