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Author Topic: Finally Approved - Walgreens buying 1932 Rite Aid stores  (Read 433 times)
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Brammy
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« on: September 19, 2017, 10:59:03 AM »

The FTC approved Walgreen's purchase of 1932 Rite Aid stores.

https://www.bloomberg.com/news/articles/2017-09-19/walgreens-pact-to-buy-fewer-rite-aid-stores-wins-u-s-approval
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Brammy
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« Reply #1 on: September 19, 2017, 02:32:25 PM »

It hasn't been disclosed where the 250 additional stores Rite Aid will retain are located.
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JoshAustin610
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« Reply #2 on: September 19, 2017, 09:57:29 PM »

Further down in the article it says Walgreens is no longer buying 34 stores in NJ, 13 in CT, or 184 in NY; that accounts for the majority of them. 
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Brammy
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« Reply #3 on: September 20, 2017, 07:08:17 AM »

Further down in the article it says Walgreens is no longer buying 34 stores in NJ, 13 in CT, or 184 in NY; that accounts for the majority of them. 

There are 3 really old Rite Aid stores near me in Connecticut. -

167 Main Street (Route 10) in Southington (built in 1984). You can't really see it behind the trees in this photo from Vision Government Solutions.

http://images.vgsi.com/photos2/SouthingtonCTPhotos///00/04/19/68.JPG

East Street (Route 10) in Plainville. It dates back to the 1950s I think when it was an independent pharmacy called Appel's. This is also a relocated Plainville location. They originally opened in Plainville in 93 or 94 on New Britain Avenue (Route 372) when they built Big Y Plaza. (They should've stayed there since that BIG Y doesn't have a pharmacy). I think the spot where Dress Barn is now was the Rite Aid location in that Plaza.

The other really old location is in the North Side Square Plaza at the corner of North Street (Route 6) and North Main Street in Bristol. The Plaza was built in 1984. When did Rite Aid open? I'm not sure. Yes in 1984 I lived in Bristol, but I was 2.

The orange paint job was done within the past 5 years. Photo from Vision Government Solutions.

http://images.vgsi.com/photos2/BristolCTPhotos///00/03/37/20.JPG


Of Course Southington also has a brand new store that's been open nearly 8 years at 500 Queen Street (Route 10). It was built on the site of a former Chevy Dealership. People remember that after the Chevy Dealership closed the building was painted orange and used for a Halloween Store. That was a nice way to say "Welcome to Southington" as the site sits directly off EXIT 32 from I-84 East.

http://images.vgsi.com/photos2/SouthingtonCTPhotos///00/01/54/47.JPG
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Brammy
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« Reply #4 on: September 24, 2017, 02:22:53 AM »

Further down in the article it says Walgreens is no longer buying 34 stores in NJ, 13 in CT, or 184 in NY; that accounts for the majority of them.  

That part was added as part of an update. Coupons In The News has the new store count by state:
http://couponsinthenews.com/2017/06/29/what-will-happen-to-your-rite-aid-store-the-latest-list/

Interesting that the lonely remaining Rite Aid store in Maine that was listed in the original deal also goes to Walgreens in the approved store sale list. I guess standalone drug store competition in the Pine Tree State doesn't matter to the FTC.
« Last Edit: September 24, 2017, 02:38:15 AM by retailisking » Logged
Zayre88
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« Reply #5 on: September 24, 2017, 08:39:13 AM »

Further down in the article it says Walgreens is no longer buying 34 stores in NJ, 13 in CT, or 184 in NY; that accounts for the majority of them.  

That part was added as part of an update. Coupons In The News has the new store count by state:
http://couponsinthenews.com/2017/06/29/what-will-happen-to-your-rite-aid-store-the-latest-list/

Interesting that the lonely remaining Rite Aid store in Maine that was listed in the original deal also goes to Walgreens in the approved store sale list. I guess standalone drug store competition in the Pine Tree State doesn't matter to the FTC.

Wow that's a big change in Maine...  Rite Aid was certainly the largest pharmacy chain in the state, with CVS and Walgreens far behind.
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retailisking
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« Reply #6 on: September 24, 2017, 10:00:43 PM »

Wow that's a big change in Maine...  Rite Aid was certainly the largest pharmacy chain in the state, with CVS and Walgreens far behind.
In a relatively small market like Norway-South Paris there's a huge freestanding Walgreens and Rite Aid within walking distance. I'm surprised that the FTC didn't require divestitures in Maine where Rite Aid was the dominant drug store chain (acquiring LaVerdiere's in 1994 played a key role in that.)
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