Rite Aid started in 1962 in Scranton, PA by Alexander Grass. The first store was called Thrif D Discount Center.
By 1965, the chain had expanded into 5 states, mostly through acquisitions. By 1972, the chain had over 270 stores in 10 states and in 1981 it became the 3rd largest drugstore chain in the US.
Acquistions in the 80s and 90s included Gray Drug in 1987, Read’s Drug Stores in the Baltimore area and 114 stores from Lane Drug of Ohio. Hooks Drug Stores were acquired from Revco in 1994, Perry Drug Stores of Michigan were purchased in 1995 and Thrifty Payless in 1996.
Rite Aid currently has over 4700 locations and is still the 3rd largest drug store behind CVS and Walgreens. The Rite Aid corporate office is located in Camp Hill, Pennsylvania.