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Article: Rite Aid to Open 77 Drugstores in New York City.(Originated from New York Daily News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 28, 1996
- Author:
CopyrightCOPYRIGHT 1996 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Feb. 28--In a massive and unprecedented push into the city, Rite Aid will open 77 new drugstores here before the end of the year, creating 2,000 jobs.
Further cementing its position as the city's biggest pharmacy operator, the company plans to spend more than $200 million to open 28 stores in Manhattan, 20 on Staten Island, 14 in Brooklyn, nine in Queens and six in the Bronx.
"We're going everywhere," said Martin Grass, chief executive of the $4.5 billion national chain based in Camp Hill, Pa.
The move poses a new challenge to the city's mom-and-pop-owned drugstores. Rite Aids are larger stores and offer a wide range of products and services not found ...