20 September 2017

Walgreens Buying Over 1,900 Rite Aid Stores

Walgreens announced yesterday that they will be buying 1,932 stores, 3 distribution centers and related inventory from Rite Aid Corporation, as opposed to the original agreement that included 2,186 stores. Store purchases are expected to begin in October with completion anticipated in Spring 2018.
With this agreement, Walgreens will have over 10,000 locations in the United States! CVS currently has over 9,600 locations in the U.S. and Rite Aid will still have more than 2,600 locations after the deal.