Rite Aid : The Largest Retail Drugstore Chains

Record and background checks are performed on all new employees and applicants. Drug screening for applicants and employees are also performed. Specifics as to who performs all these checks and screening, and what is checked or screened were not provided due to security concerns. Promoting from within is highly encouraged at Rite Aid pharmacy with many employees trained and promoted to supervisors and managers.

CVS Health happens to be one of the largest pharmacies serving people in every community. In fact, there is a CVS across the street from just about every hospital, on every major interception, and are within a 2-mile radius of one another. This is the way it has been since the company was founded “in Lowell, Massachusetts by brothers Stanley and Sidney Goldstein and partner Ralph Hoagland” in 1963, and it’s the way the company plans to keep expanding the company in a proximity to one another. They have even gone as far as expanding the size of the store to fit the community. All in an effort, to be responsive and committed enough to meet the needs of not only the customers, but the clients and the community as well (CVS Health, 1999-2016). Especially, since the company admits that over the past fifty years, they have changed to better service people in their health.

The initial intent of this analysis was to identify changes in accounting methods within the financial statements of Walgreens and CVS, as well as to compare and contrast their financial statements, in order to draw conclusions about which company had better earnings. However, in the process of this analysis, with the exception of a minor change to lease accounting by Walgreens, there were no major changes in accounting methods identified. In examining the financial statements for these two drugstore industry leaders, the analysis shows that while each company conducts retail drugstore operations in similar ways, their business models for carrying out these operations greatly vary. These variances in business model

The emerging trend covered in for this week’s readings involves workers with disabilities. The title of the case is Walgreens Leads the Way in Utilizing Workers with Disabilities (Gomez-Mejia, Balkin, & Cardy, 2012). This case gives the reader the ability to understand the need for Equal Employment Opportunity Laws. Also, the case gives one an opportunity to see how these laws actually help these cases. Even more, it supports the idea of how it is very important to give those individuals with disabilities an opportunity to seek work and maintain and healthy life style. The law that this group affects is the Americans with Disabilities Act (ADA) signed in 1990 (Gomez-Mejia, Balkin, & Cardy, 2012). This law helps and benefits many individuals in America. It also helps organizations to bring positive attention to their corporations, if they choose to employ workers with disabilities. Above all, it is very important that human resource departments across the nation pay very close attention to these laws. Not only will it be against the law to break regulations set by such acts, but it will also be unfair not to give these individuals an opportunity to apply for a job. This project will summarize the case and will focus on two key learnings from it.

Two days after Hurricane Katrina struck New Orleans, the Walgreen's store at the corner of Royal and Iberville streets remained locked. The dairy display case was clearly visible through the widows. It was now 48 hours without electricity, running water, plumbing. The milk, yogurt, and cheeses were beginning to spoil in the 90-degree heat. The owners and managers had locked up the food, water, pampers, and prescriptions and fled the City.Outside Walgreen's windows, residents and tourists grew increasingly thirsty and hungry. The much-promised federal, state and local aid never materialized and the windows at Walgreen's gave way to the looters. There was an alternative. The cops could have broken one small window and distributed the nuts, fruit

Even though Walgreens is still only the second-largest health and wellness provider in America, behind CVS, the company is still very successful with over 8,300 stores that span across America, the Virgin Islands, and Puerto Rico. From 1906 when the drug store first opened it has come a long way, in 2009 they reached every state in America. They also became an investor when they spent 6.7 billion dollars for a 45% stake in the company Alliance, which was a boot company. Later on, in their investing career, they purchased a rival drugstore company Rite-Aid, a deal that was valued at 9.4 billion dollars. Owning this rival can be very helpful because they really can narrow down the customer’s choice of drugstore, almost like a monopoly. Overall

Walgreens is also mainly funded by store sales so the company sees long-term potential for about 13,000 U.S. stores. Additionally, the company long-term-expansion strategies are entering new markets, and improving customer service, investing heavily in technology enhancements that improve pharmacy efficiency and reduce costs.

Knowing the importance of a strategic vision, every company undertakes a complete analysis periodically. In order to create a strategic plan the parties involved must know every aspect of the industry and the company at hand. The purpose of this paper is to describe and analyze the retail drugstore industry and then focus on Walgreens, the industry leader in terms of sales. As part of the in-depth analysis of Walgreens, its major competitors will also be described and analyzed. The retail drugstore industry consists of all those stores that contain a pharmacy and sell prescription drugs. It also includes businesses that sell prescription drugs online and through the mail. Most retail drugstores also offer other

Being involved in the US retail drugstore industry, Rite Aid Pharmacy is the third largest drugstore chain, when comparing number of stores and revenue, in the United States. Operating around 4,623 stores in 31 states, with majority of their store placement located on the East and West Coasts, with their corporate headquarters located at 30 Hunter Lane, Camp Hill PA, 17011. Founded by Alex Grass in 1962, then incorporated in 1968, Rite Aid has been involved in a highly competitive market, where continuous improvement and evolution is needed to maintain a key position.

“CVS was founded in 1963 by Stanley and Sidney Goldstein and Ralph Hoagland. The first CVS store was opened in Lowell, MA.” (CVS Health) CVS is a pharmacy innovation company helping people on their path to better health. CVS’s CEO is Mr. Larry J. Merlo. CVS is headquartered in Woonsocket, RI. CVS is the largest pharmacy health care provider in the U.S. And is an integrated offerings across the spectrum of pharmacy care. Through their 7,700 retail pharmacies and more than 900 walk-in medical clinics. There are approximately 200,000 employees in 46 states, the District of Columbia and Puerto Rico. “CVS has also expanded its business to include pharmacy benefit management, mail order as well as specialty pharmacy division,

Current Industry. The retail drug industry’s 2010 combined annual revenue was $277 billion, according to the National Association of Chain Drug Stores (Drug Store Industry…, 2011, par. 4).The big players in this industry are CVS Caremark, Corp. Walgreen Co., and Rite-Aid, Corp with Wal-Mart and Target developing more of a presence in recent years. According to the article, the drug store industry is very concentrated with the 50 largest companies generating about 70 percent of the industries revenue (Drug Store Industry…, 2011, par. 4). The industry had grown substantially in the last 50 years and will continue to innovate and develop well into the near future.

Although not explicitly stated in any of the research I found, I believe Walgreens views its IT professionals as essential to driving the strategy and mission of the company. Since the company relies heavily on its e-commerce functions such as online sales and online prescriptions

Mirroring its main market competitor, CVS, Walgreens has also added Envision Pharma, a pharmacy-benefit management company, to its portfolio. (CVS acquired Caremark in 2007) (Bells, 2016) Due to previous acquisitions and mergers, Walgreens is currently the most accessible pharmacy retailer in the U.S., servicing 8 million customers each day and filling approximately 894 million prescriptions and immunizations, every year. (Walgreens, n.d.)

We would like to thank you so much for all the hard work that you all have been doing. As Walgreens still continue being one of the top largest retail pharmacy in the United States. Our goal and vision has always been; to be America's most loved pharmacy-led health, wellbeing and beauty retailer and to champion everyone’s right to be happy and healthy and that also include our employees. With that being said we really appreciate your loyalty and the excellent work that you continue to do despite our current predicament.

In 2012, Walgreens, the giant USA drug company Invested 4.3 billion in cash and shares to a acquire a 45% stake in Alliance Boots and as a result it became a subsidiary of the new company Walgreens Boots Alliance where they sell medicine, beauty products, health, optician and hearing services to the public.