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as ordering over the
Internet, began to gain traction, Eckerd fell behind by failing to update its IT networks. Over the next seven years JCPenney came to see Eckerd as a distraction which would cost too much to continue fixing (as they were focused on their department stores), and in March 2004 it formally declared that it would carry Eckerd on its books as a discontinued asset. JCPenney took a $ 1.3-billion charge against earnings in connection with selling the drugstore chain, which had accounted for 45 percent of its annual revenues.
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259:. At the height of Eckerd's success, it had over 2,800 stores in more than 20 states, including 1,600 stores with Eckerd Express Photo one-hour photo labs in 19 states, and revenue of $ 13.1 billion (~$ 22 billion in 2023) in fiscal year 2000. Between 1968 and 1985, Eckerd owned Eckerd's Apparel and
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announced that Rite Aid would acquire 1,858 Eckerd
Pharmacy and Brooks Pharmacy stores from Jean Coutu for US$ 3.4 billion (~$ 4.94 billion in 2023). The deal closed on June 4, 2007. Rite Aid announced that the two chains would be converted to the Rite Aid name, retiring the 109-year-old Eckerd
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for a total of $ 4.5 billion (~$ 6.96 billion in 2023). CVS acquired 1,271 Eckerd stores, and support facilities, in
Florida, Texas, and other Southern states, as well as Eckerd's pharmacy benefits management and mail order businesses, for $ 2.15 billion. Jean Coutu Group acquired the remaining
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to
Florida and west to Arizona. One carryover from the Thrift Drug days after the merger took over was the presence of JCPenney Catalog Centers inside certain locations, which enabled Eckerd customers to order merchandise from store catalogs and pick it up at an Eckerd location. As technology, such
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The conversion process consisted of two steps: new computer systems, and a full PPR (paint, powder, re-set) which consisted of new signage and a new design scheme. Many of the stores received new paint on their exteriors, making them look more like brick than the white stucco design of most Eckerd
388:. The Eckerd and Brooks chains shared many of the same corporate functions. Jean Coutu operated the stores it purchased under the slightly modified "Eckerd Pharmacy" name and logo, featuring a red Eckerd capsule in an attempt to unify the Eckerd and Brooks chains.
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JCPenney and Eckerd agreed to merge in
November 1996, and the merger took place in 1997. Penney paid $ 3.3-billion and assumed $ 760 million in debt to acquire Eckerd, and combined it with its 800-store Thrift Drug chain. Under the agreement, all of JCPenney's
364:, which were historically the chain's strongholds. Even a few brand-new locations in Florida, Texas and Arizona were transformed into CVS almost as quickly as they were built as Eckerd stores. The CVS purchase also included the Eckerd stores located in
284:, and some Rite Aid stores) were rebranded to the Eckerd name. JCPenney Catalog Centers were added to Eckerd stores. JCPenney also bought more than 500 more stores from four other chains in New York state,
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232:. In the company's early years, it operated at 1105 State Street in downtown Erie as the Erie Cut-Rate Medicine Store. In 1912, Eckerd and Tatom sold their original store to Eckerd's sons and moved to
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in 1996. Following years of losses and failed attempts to turn around the company, the chain was divided in 2004, with 1,271 of its stores, and its mail-order business, sold to competitor
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amid several opioid lawsuits and declining sales. Eckerd
Corporation had remained an active in-name-only subsidiary of Rite Aid, as shown in the company's bankruptcy filings.
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Jean Coutu merged the Eckerd stores it acquired with its existing
American pharmacy, Brooks. The merged company was based at Brooks' corporate headquarters in
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department stores, as well as VideoConcepts, a chain of mall-based electronics shops. J. Byrons and VideoConcepts were sold off in 1985, the latter to
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Eckerd was founded in
September 1898 (making it the oldest of the "big four" drugstore chains), by 27-year-old Joseph Milton Eckerd and Z. Tatom in
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banner. The merger was signed and completed as of June 4, 2007; all remaining Eckerd stores converted to Rite Aid by the end of
September 2007.
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197:. At its peak, Eckerd was the second-largest pharmacy chain in the United States, with approximately 2,802 stores in 23 states as far west as
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locations. Eckerd's remaining JCPenney
Catalog Centers were closed in favor of Rite Aid choosing to accept JCPenney charge cards chainwide.
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During this period, Eckerd became the second largest drug store chain in the U.S., with over 2,800 stores stretching from New York and
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527:." Eckerd. February 3, 1997. Retrieved on June 19, 2010. "Eckerd Corporation 8333 Bryan Dairy Rd. Largo, Florida 34647"
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in late 2004 and 2005, eliminating the Eckerd name from markets such as Florida,
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chain in the New York metropolitan area. These stores were renamed in 2003.
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An independent chain for most of its existence, Eckerd was purchased by
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Eckerd Offers You Advantages and Opportunities Unique in Our Industry!
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813:"Business: CVS backs out of Eckerd's Colorado expansion plans"
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That's the reason there's Eckerd: because America can't wait!
698:"J.C. Penney to Buy Genovese, Expanding Its Drugstore Chain"
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unit of drug stores (comprising Thrift Drug, Kerr Drugs,
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Companies that filed for Chapter 11 bankruptcy in 2023
789:"CVS to close this former Westheimer Eckerd, tomorrow"
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in 2007, and its name was phased out soon thereafter.
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552:"J. C. Penney Sells Eckerd Chain for $ 4.5 Billion"
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616:"History of Eckerd Corporation – FundingUniverse"
344:The locations acquired by CVS were converted to
312:In July 2004, JCPenney sold the Eckerd chain to
292:, such as the 1998 acquisition of the 141-store
834:"Rite Aid to close 9 stores in Southwestern Pa"
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380:An Eckerd Drugs location in upstate New York
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726:"Genovese Drug Stores Take on Eckerd Name"
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874:"Eckerd Corporation Files For Bankruptcy"
763:"Penney unloads Eckerd for $ 4.5 billion"
1520:Defunct companies based in Rhode Island
1515:Defunct companies based in Pennsylvania
1505:Retail companies disestablished in 2007
1495:Defunct pharmacies of the United States
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1035:J. C. Penney Building (Shoshone, Idaho)
1025:J. C. Penney Building (Newberg, Oregon)
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189:retail chain that was headquartered in
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665:"J.C. PENNEY TO BUY ECKERD PHARMACIES"
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193:, and toward the end of its life, in
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1500:Retail companies established in 1898
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696:Terry Pristin (November 25, 1998).
1510:Defunct companies based in Florida
435:You'll like what we'll do for you!
25:
914:Deal has 2 firms splitting Eckerd
550:Gilpin, Kenneth N. (2004-04-05).
441:It's right at Eckerd! (1996-1998)
236:, establishing a new store. From
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447:Right there with you (1998–2001)
212:, and the remainder acquired by
848:"Rite Aid files for bankruptcy"
724:Matt Donnelly (July 16, 2003).
325:northward) for $ 2.375 billion.
251:In 1961, Eckerd changed from a
216:. Jean Coutu sold the chain to
1045:J. C. Penney Historic District
585:"Del. fixture Eckerd acquired"
1:
1525:2007 mergers and acquisitions
422:In 2023, Rite Aid filed for
58:; 126 years ago
1306:CVS/pharmacy LPGA Challenge
1153:Navarro Discount Pharmacies
1111:Aetna Health Inc. v. Davila
787:Abboud, Mike (2022-09-28).
81:; 17 years ago
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1301:CVS Health Charity Classic
438:America's family drugstore
308:Sale to CVS and Jean Coutu
815:. Sptimes.com. 2004-04-12
116:, U.S. (under Jean Coutu)
35:
27:Defunct American pharmacy
1260:Eliphalet Adams Bulkeley
583:Eric Ruth (2006-08-25).
240:, the chain expanded to
793:Houston Historic Retail
620:www.fundinguniverse.com
411:The Wall Street Journal
402:Rochester, Pennsylvania
392:Acquisition by Rite Aid
405:
400:An Eckerd Pharmacy in
381:
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338:Southside Place, Texas
257:publicly owned company
1234:Standard Drug Company
597:on September 30, 2007
590:Delaware News-Journal
450:Get more! (2001–2007)
424:Chapter 11 bankruptcy
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386:Warwick, Rhode Island
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195:Warwick, Rhode Island
114:Warwick, Rhode Island
1414:Genovese Drug Stores
1219:Reliable Drug Stores
1204:Melville Corporation
1116:Coventry Health Care
408:On August 23, 2006,
234:Wilmington, Delaware
1296:CVS Charity Classic
909:Eckerd Corp History
738:on November 2, 2012
669:The Washington Post
483:Rhode Island portal
244:and later Florida.
143:General merchandise
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1394:Adams Drug Company
1199:Hook's Drug Stores
1050:J. C. Penney House
880:. October 15, 2023
854:. October 15, 2023
836:. 18 October 2023.
703:The New York Times
556:The New York Times
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230:Erie, Pennsylvania
183:Eckerd Corporation
111:, U.S. (as Eckerd)
69:Erie, Pennsylvania
31:Eckerd Corporation
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644:The Baltimore Sun
265:Tandy Corporation
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1387:Predecessors
1371:Subsidiaries
1229:Sav-on Drugs
1214:Peoples Drug
1188:
1172:Predecessors
1143:MinuteClinic
1138:CVS Caremark
1133:CVS Pharmacy
1121:Drivotrainer
1099:Subsidiaries
975:
964:The Treasury
882:. Retrieved
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769:. 2004-04-05
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742:December 23,
740:. Retrieved
736:the original
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709:December 23,
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105:Headquarters
97:Acquired by
18:Eckerd Drugs
1464:Thrift Drug
1439:Pay 'n Save
1275:Larry Merlo
1270:Thomas Ryan
1184:Big B Drugs
1179:Arbor Drugs
1148:Longs Drugs
1004:Mike Ullman
994:Ron Johnson
978:(1997–2004)
972:(1968–1997)
970:Thrift Drug
966:(1962–1981)
884:October 15,
858:October 16,
505:Thrift Drug
362:Mississippi
301:Connecticut
282:Fay's Drugs
278:Thrift Drug
246:Jack Eckerd
165:(2004–2007)
160:(1996–2004)
1560:CVS Health
1489:Categories
1409:Fay's Drug
1362:Alex Grass
1253:Key people
1092:CVS Health
819:2009-07-24
798:2023-11-26
773:2020-04-20
682:2020-04-16
650:2020-04-16
625:2016-07-31
601:2006-08-26
569:2023-11-26
511:References
174:eckerd.com
1429:Lane Drug
1419:Gray Drug
1209:Osco Drug
1013:Buildings
957:Divisions
905:(Archive)
677:0190-8286
564:0362-4331
358:Louisiana
290:Carolinas
261:J. Byrons
133:Cosmetics
1565:JCPenney
1555:Rite Aid
1348:Rite Aid
1158:Omnicare
950:JCPenney
767:NBC News
455:See also
366:Colorado
354:Oklahoma
294:Genovese
288:and the
286:Virginia
238:Delaware
218:Rite Aid
206:JCPenney
187:pharmacy
158:JCPenney
121:Products
99:Rite Aid
45:Industry
1469:Thrifty
1444:PayLess
1424:K&B
1289:Related
731:Newsday
430:Slogans
323:Georgia
224:History
199:Arizona
170:Website
84: (
76:Defunct
61: (
53:Founded
1404:Eckerd
1355:People
1239:SupeRx
1189:Eckerd
987:People
976:Eckerd
878:BKData
675:
562:
360:, and
153:Parent
71:, U.S.
48:Retail
1224:Revco
1106:Aetna
350:Texas
255:to a
886:2023
860:2023
744:2009
711:2009
673:ISSN
560:ISSN
316:and
138:Food
94:Fate
86:2007
79:2007
63:1898
56:1898
852:CNN
336:in
210:CVS
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