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Rite Aid Leaving Las Vegas; Walgreens Steps In
Rite Aid will terminate its operation of the 28 Rite Aid stores in the Las Vegas area and has signed an agreement to sell patient prescription files of the 27 stores in the market to Walgreen Co., Deerfield, Ill.
January 7, 2008
1 Min Read
CAMP HILL, Pa. — Rite Aid here will terminate its operation of the 28 Rite Aid stores in the Las Vegas area and has signed an agreement to sell patient prescription files of the 27 stores in the market to Walgreen Co., Deerfield, Ill. Rite Aid said Las Vegas was a non-core market that has not been contributing to overall results. Rite Aid hasn’t opened a new store in the Las Vegas area since 1999. Conversely, Dave Gloudemans, Walgreens vice president of store operations for Nevada, said, “With 53 Las Vegas stores opened since we entered the market in 1996, patients will find our pharmacies convenient to use." Terms of the transaction were not disclosed.
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