As of Mar 4, 2017, Rite Aid operated 4,536 stores in 31 states and the District of Columbia.
In fiscal 2017, the company opened 12 new stores, closed 40 stores, remodeled/expanded 350 stores, acquired 3 stores, and relocated 24 stores. The company continues to await regulatory approval for its merger with Walgreens Boots Alliance.
At the end of fiscal 2017, the company owned 253 drugstore facilities and leased 4,283 drugstore facilities under non-cancelable leases. Many leases have original terms of 10 to 22 years and most contain renewal options, some of which involve rent increases. Additionally, the company had 6,323,122 square feet of excess space, 3,288,290 square feet of which was subleased.
At year-end, 63% of stores were freestanding, 56% of stores had a drive-through pharmacy and 52% of stores had a GNC store-within-a-store. The overall average selling square feet of each store was approximately 9,900 square feet, while the average total square feet of each store was 12,700. Stores in the Eastern part of the US averaged 8,900 selling square feet and 11,200 total square feet, while stores in the Western part of the US averaged 14,400 selling square feet and 19,100 total square feet.
|Total gross square feet (M)||57,607||57,607||57,925||57,582||57,796||58,250|
|Total gross square feet growth||-0.5%||-0.5%||0.6%||-0.4%||-0.8%||-0.9%|
|Avg store gross sq ft||12,700||12,700||12,700||12,600||12,600||12,600|
|Avg store gross sq ft growth||0.0%||0.0%||0.8%||0.0%||0.0%||0.0%|