From a property investment perspective, uncertainty still exists about Rite Aid’s future but NNN leased Rite Aid stores are often situated on high-demand corners, without much direct competition.…
Where there’s a Rite Aid pharmacy in West Virginia, chances are, there’s a Walgreens pharmacy not too far away.…
Walgreens had entered into an agreement to acquire Rite aid in October 2015. The agreement was stalled while both companies waited for approval from the Federal Trade Commission (FTC). In December 2016, divestiture of many Rite Aid locations to Fred’s, Inc was announced. This was intended as an appeasement in order to get the FTC’s approval.
Walgreens and Rite Aid made the decision to scrap the merger after receiving feedback from the FTC leading them to believe the merger was not going to be approved. They have announced a new agreement, Walgreens will purchase 2,186 stores, three distribution centers, and …
When a retailer announces that it will sell off about 1,200 stores in order to take its business to the next level, these days the assumption is that the company is struggling to stay afloat and needs to quickly shed excess weight and curb costs.…
This report examines the geographic overlap between Walgreens and Rite Aid.…