Preview

Rite Aid Essay Example

Powerful Essays
Open Document
Open Document
1062 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Rite Aid Essay Example
Rite Aid Corporation (Case 22) The following is a general environmental analysis of the Rite Aid the business sector of the retail pharmacy industry, with an analysis of Rite Aid. The first section of this report will cover an overview of the trends in technology demographics, economics, political/legal, and social/cultural-global. The second section of this report will cover porter’s five forces, Competitive analysis, internal analysis and alternative strategies. Technology: Smartphones has made our life easier. We can use internet wherever we are. For the growing ranks of on-the-go shoppers who carry mobile smartphones, Rite Aid has launched an official mobile app offering one-click prescription refill scanning, locations and features of the nearest Rite Aid stores, and weekly sale and promotion listings. Rite Aid apps is available now for free for Android and iPhone operating system.
Socio-cultural and Global: Rite Aid is becoming popular and it the third largest drugstore retailer in the US. Rite Aid has 4,800 locations in 31 US states. Rite Aid locations are mostly in East coast and to expand their business to the west. Rite Aid has small chain business such as GNC. Demographics: Rite Aid has 4,800 locations in 31 states operates mainly in east coast and west coast. Rite Aid sales over the counter medicine, personal care items. Rite Aid currently claims over 11.4 % of the US pharmacy retailing market and Rite Aid is rising up after a big debt problem and also executive and financial problem.
Economy:
After the recession the economy of USA seems to be in a stable position and slowly gaining, but within the pharmacy relating industry competition is really high which is a problem for Rite Aid and also for other pharmacy companies. Due to recession people are looking for low price medications or people get their medicine from other countries where they can find low price medications.
Political/ Legal:
Rite Aid faces market place

You May Also Find These Documents Helpful

  • Good Essays

    A E Bridal Case

    • 747 Words
    • 3 Pages

    throughout the western United States. Each store employs 15 to 20 employees, about 70 in total, who hold…

    • 747 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    | Jennifer Royall invested cash of $15,000 and land valued at $10,000 into the business.…

    • 1969 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    1. Region: Canadian tire is spread all over Canada with 1200 stores across the country.…

    • 490 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    There was a growth of 2% in the sales of retail drug industry of the US. This is because; the retail segment has been growing at a steady pace for the last few years due to the positioning of healthcare products and services in the market (Redman, 2011). The positioning of drug stores in the market is well organized due to the presence of low average ticket, convenient locations, inflation, and flow of pharmacy traffic.…

    • 1293 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Today, Bass Pro Shops became one of America’s premier outdoor retail leaders serving over 75 million sportsmen. Bass Pro Shops have over 39 stores within the US and have several other stores that do not fall under the Outdoor World flagship brand…

    • 2236 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    1. Strong Network of Retail Stores Office depot has 1131 stores in North America and 546 stores in other countries. The network of retail stores distribution of the American three biggest office supplies companies as below:…

    • 1306 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Wal-Mart Research Paper

    • 5014 Words
    • 21 Pages

    Gomstyn, A. (2010). Walmart CEO Pay: More in an Hour than Worker get all year? Retrieved…

    • 5014 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    Rite Aid

    • 738 Words
    • 3 Pages

    Rite Aid has more than 4,900 stores in over thirty one states, but it all started with just one. September 1962, Thrif D Discount Center in Scranton, Pennsylvania opened. What started as a store front, expanded expeditiously. By 1965, Thrif D Discount Center had expanded to five states and was officially named Rite Aid Corporation. It was in this year that the company made its first public offering and started trading on the American Stock Exchange. Business was flourishing for the company, by 1972 Rite Aid operated 267 stores in ten states. By 1981, Rite Aid had become the third largest retail drugstore chain in the country, in 1983, the company had surpassed the $1 billion sales mark for the first time.…

    • 738 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Credit card authorizations. At the cash register, credit card authorizations - like on-line prescription verifications - are now faster and more reliable. Customers appreciate the quicker service and the cashier's job is made easier by this more efficient authorization system. As a result of its success with credit card verifications, Rite Aid extended this service to include debit cards, smart cards and check authorizations.…

    • 537 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Online Project

    • 389 Words
    • 2 Pages

    * Rite Aid's online website offers personalized wellness advice to a specialized circular they're helping improve the daily lives of seniors, free Prescription Advisor report helps you see how well you’re taking your medications as prescribed, offer flu shots and other immunizations, usually with no appointment needed, have a link to their drug database, offers the ability to transfer, refill, and have access to a Pharmacist. The site is easy to navigate. They also offer a rewards card.…

    • 389 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Kohls Industry Analysis

    • 672 Words
    • 3 Pages

    Currently, more than a third of the top retail companies worldwide are based out of the United States. Retail is also the top industry in the United States, and quickly building worldwide operations. Kohl’s currently operates over 1,000 stores across the country, employing about 30,000 people. In addition, they have a complete online store.…

    • 672 Words
    • 3 Pages
    Powerful Essays
  • Satisfactory Essays

    Throughout my life I have gone through very unfair things. There is always something between me and achieveing my goals, although those things aren't there to make life hard, but to make me fight for what I want. Before I used to say I didn't want to go to college and even if I did I wouldn't make it. Now I have a whole new different perspective and I really want to go to college to have both a good future and life. The reason there should be a spot for me in college are so many. I want to be the first one to graduate from college in my family. I want to be someone my little cousins would admire, a rolemodel. I would show them that even through the inequalities, the lack of money, and unfairness, I made it to college. Also I have my want of making something out of my life, no one wants to be a nobody. If you have the faith and belief in yourself, perseverance and effort, anything can be accomplished. If I make it to college I can help out and encourage my family to do the same. I want to go to college and graduate to become a Pediatrician which is what i've wanted to do all my life. I enjoy being with kids and I'd love to help them out. I could do all of this and more but going to college is a MUST. With a college education I'll achieve anything I set my mind, soul, and heart to do. I would try my best at everything, and stand on my own 2 feet, for my family, and especially for myself. If I get to receive a college education I would feel as if i'm on top of the world. Those are the reasons why their should be a spot for me in…

    • 349 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    As a student, it is a great honor to be just nominated as candidate for National Honor society. It shows me that I have been working hard to stand out more than others. Throughout my high school career, I want to be one of the top and I have been trying to reach that goal. I have chosen to take all honor classes to help me get there. I also show traits that could make me a good leader. I was also elected to go to the North Suburban Leadership Conference. I like to go out and meet new people, and I think NHS is a good place to explore and meet new people. I also like to volunteer and help people do things that need to be done. I help out in the garden here at the high school in the summer, help set up chairs and tables for community day, and I also help the youth football team with the “chain gang” during their football season. I also help at my church clothes donations to the less fortunate people. I feel NHS would make me stay more focus on what I need to do and also teach me more responsibility. Being in NHS would make me be an example which would hold me to act with higher standards than other students. It seems like when you’re in NHS you travel and meet more people, and I like to take those types of trips as a teenager. Also being in NHS gives me a better chance to get into colleges of my choice. I really want to go to college, and this program makes more colleges interested in me. I hope I get elected to become a member of the National Honors Society and represent it in a good and positive…

    • 326 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    El WACC de Wal-mart ha aumentado debido aprestamos adicionales que ha tomado en eso ultimo tres años.…

    • 663 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Loyola Essay Sample

    • 1013 Words
    • 5 Pages

    Loyola Academy, to me, is a place of love, learning, and worship. Those also happen to be the characteristics of somewhere of witch I yearn to be. There are many things about Loyola Academy that stand out to me, a few are, service opportunities, incredible academics, and a wonderful student body. I would be honored to be a part of a student body that has access to these wonderful things.…

    • 1013 Words
    • 5 Pages
    Good Essays