1. Company HistoryIn 1958, Alex Grass incorporated Rack Rite Distributors, Inc. Grass opened the first Rite Aid store, through Rack Rite, in 1962, as a Thrift D Discount Center, in Scranton, Pennsylvania. In 1963, Thrift D Discount Center became a drugstore chain by opening five more stores. In 1965, Thrift D Discount Center expanded to five northeastern states by rapidly acquiring and opening new stores. In 1966, the first Rite Aid store opened in New Rochelle, New York. In 1976, they launched seventy Rite Aid private label products. The following year, 1968, they officially changed their name to Rite Aid Corporation and began trading on the American Stock Exchange. Then, two years later, in the early 1970s, they moved to the New York Stock Exchange. Again, two years later, in 1972, they operated 267 stores in 10 states. In 1981, nine years later, they became the third largest retail pharmacy chain in the country. By 1983, they had sales of over $1 billion. In 1987, their twenty-fifth anniversary was celebrated and they now had 420 stores in 9 states and Washington, DC, as well as in Pennsylvania, where they started their business as Thrift D Discount Center, in Scranton. Their market had expanded significantly and they had surpassed the 2,000 store mark to become the largest drugstore chain in the country in terms of number of stores. Eight years later, in 1995, they acquired Perry Drug Stores, Michigan's largest drugstore chain. This is their largest acquisition to date. They then operated nearly 3,000 stores. The same year, Martin Grass succeeded his father Alex Grass as chairman and CEO of Rite Aid. By the following year, they had expanded to the West Coast and Gulf Coast, adding more...... middle of paper ......n since June 21, 2012. He became CEO in June 2010. He became a director of Rite Aid around June 2009. He joined Rite Aid in 1999, holding numerous positions such as CFO, general manager and senior executive vice president during his tenure. Standley also serves as Vice Chairman of the Board of Directors of the National Association of Chain Drug Stores and also serves on the Board of Directors of SUPERVALU Inc.. (Leadership Team)5. Cody6. Personal ReviewsClosing price (first day) $5.33 x 100 shares = $533Closing price (last day) $6.59 x 100 shares = $659Positive profit (+) of $126Jake – No purchaseI n would not buy Rite Aid Corporation stock at this time. From what I've noticed, their stocks are growing unstable, a bit erratic, and I don't take risks at all. (Historical RAD prices… Yahoo! Finance) After learning about their past scandals, I would not take stock of