CALIFORNIA | LOCAL
July 15, 1999 |
Quite often, a single consumer complaint is, indeed, the proverbial tip of the iceberg. But seldom have checks into a company named in a single reader's complaint revealed so many problems as at Rite Aid--California's largest drugstore chain since its 1996 acquisition of Thrifty PayLess Inc. Edward Manley of Temple City wrote me telling of his persistent efforts to obtain a few 20-ounce cans of Empress pineapple chunks, listed as on sale at two for $1 in a Rite Aid ad.
June 11, 1999 |
A judge on Thursday ordered Rite Aid Corp. to inform California customers that they may have purchased expired products, including condoms and baby formula. Alameda County Superior Court Judge Harry Needham issued a temporary restraining order after district attorneys from three counties and one city filed a consumer protection lawsuit this week.
March 19, 1999 |
Rite Aid Corp. is under review by federal regulators for accounting practices related to its purchases of smaller drugstore chains and other businesses, an analyst said Thursday. The Securities and Exchange Commission review began after the drugstore chain filed a plan to sell shares to the public, said Salomon Smith Barney analyst Jonathan Ziegler, who spoke with Chief Financial Officer Frank Bergonzi on Wednesday.
CALIFORNIA | LOCAL
October 21, 1998
The City Council failed to approve spending $400,000 Monday to bring a Rite Aid to the economically depressed northwest area, igniting the wrath of Mayor Chris Holden. Council members deadlocked 3 to 3 on a plan to pay the owners of an auto repair shop $400,000 in city money to relocate so the pharmacy chain could move onto the southeast corner of Orange Grove Boulevard and Fair Oaks Avenue. Councilman William Crowfoot, who could have broken the tie, was absent.
July 4, 1998 |
In an unusual deal that further advances the cola wars, Rite Aid has agreed to exclusively sell Pepsi Cola at its 4,000 stores. Observers view the Rite Aid deal as a sign of a new assertiveness on the part of Pepsi. It recently has wrested several accounts from Coca-Cola and has filed a federal lawsuit against its archrival alleging unfair business tactics. "Pepsi recently has taken on what I call a new aggressiveness," said John Sicher, editor and publisher of Bedford Hills, N.Y.
February 6, 1998 |
Family-run Zweber Pharmacy, a fixture in Corona del Mar for decades, will close this month, another casualty of the changing health care landscape. Drugstore chain Rite Aid Corp. has purchased the pharmacy but will shut it down and open a splashy new outlet one block away.