As of Sep 1, 2018, Rite Aid operated 2,550 stores in 19 states and the District of Columbia.
In fiscal 2018, the company relocated 20 stores, remodeled 179 stores, expanded 3 stores, opened 3 stores, sold 1,651 stores to Walgreens Boots Alliance (WBA) and closed 57 stores. During the first half of fiscal 2019, the company opened 1 new stores and closed 25 stores. On Jun 29, 2017, the company called off the planned merger with WBA, and instead announced plans to sell WBA 2,186 Rite Aid stores and 3 distribution centers.
At the end of fiscal 2018, the company owned 136 drugstore facilities and leased 2,414 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 4,199,254 square feet of excess space, 2,825,434 square feet of which was subleased.
At year-end, 60% of stores were freestanding, 53% of stores had a drive-through pharmacy and 59% of stores had a GNC store-within-a-store. The overall average selling square feet of each store was approximately 10,500 square feet, while the average total square feet of each store was 13,600. Stores in the Eastern part of the US averaged 8,800 selling square feet and 11,200 total square feet, while stores in the Western part of the US averaged 14,300 selling square feet and 19,000 total square feet.
|Total gross square feet (M)||34,354||34,680||33,071||33,426||33,327||33,595|
|Total gross square feet growth||5.0%||4.9%||-1.1%||0.3%||-0.8%||-1.2%|
|Avg store gross sq ft||13,600||13,600||12,700||12,700||12,600||12,600|
|Avg store gross sq ft growth||7.1%||7.1%||0.0%||0.8%||0.0%||0.0%|