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{{citation style|date=June 2019}}
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[[Image:2008-09-30 Kerr Drug with Kerr Cafe in Hillsborough, NC.jpg|thumb|Kerr Drug in [[Hillsborough, North Carolina]]]]
{{Infobox company
| name = Kerr Drug
| logo = Kerr Drug Logo.png
| logo_size = 100px
| logo_caption =
⚫
| image = 2008-09-30 Kerr Drug with Kerr Cafe in Hillsborough, NC.jpg
| image_caption = A Kerr Drug located in Hillsborough
| type = Drug Store
| fate = Merged with [[Walgreens]]
| predecessor = Kerr Drug
| successor = [[Walgreens]]
| foundation = [[Raleigh, NC]],1951
| defunct = 2013
| location_city = [[Raleigh, NC]]
| location_country = United States
| locations = 76
| area_served = [[Raleigh, NC]], [[Fayetteville, NC]], [[Durham, NC]], [[Chapel Hill, NC]], [[Pittsboro, NC]], [[Hillsborough, NC]], White Mountains in Western NC and much of Eastern NC
| key_people = Banks Kerr, founder of Kerr Drug
| products = Premier
| owner = [[Walgreens]]
| homepage =
}}
'''Kerr Drug''' was an American chain of 76 [[drug store]]s throughout [[North Carolina]]. Its headquarters were located in [[Raleigh, North Carolina]]. On September 10, 2013, [[Walgreens]] announced its purchase of Kerr.<ref>{{cite web | url=http://www.wral.com/walgreens-buying-raleigh-based-kerr-drug/12871063/ | title=Walgreens buying Raleigh-based Kerr Drug | publisher=WRAL | date=September 10, 2013 | accessdate=September 11, 2013}}</ref><ref>{{cite news | url=http://www.drugstorenews.com/article/walgreens-furthers-reach-north-carolina-acquisition-kerr-drug | title=Walgreens furthers reach into North Carolina with acquisition of Kerr Drug | work=Drug Store News | date=September 10, 2013 | accessdate=September 11, 2013 | archive-date=September 13, 2013 | archive-url=https://web.archive.org/web/20130913012840/http://www.drugstorenews.com/article/walgreens-furthers-reach-north-carolina-acquisition-kerr-drug | url-status=dead }}</ref>


==History==
'''Kerr Drug''' is an [[United States|American]] chain of over 100 [[drug store|drug stores]] throughout [[The Carolinas]]. Its headquarters is located in [[Raleigh, North Carolina]].


The company was founded in Raleigh by Banks Kerr in 1951. The chain was operating 97 stores when it was acquired in 1995 by [[JCPenney]]. In 1996, when JCPenney attempted to purchase [[Eckerd Drug]], the [[Federal Trade Commission|FTC]] forced JCPenney to divest itself of 34 former Kerr Drug stores and 130 [[Rite Aid]] stores. These stores were ultimately purchased by a group led by former [[Thrift Drug]] executives who left the JCPenney organization following the Eckerd acquisition.[http://www.newsobserver.com/104/story/485329.html]
The company was founded in Raleigh by Banks Kerr in 1951. The chain was operating 97 stores when it was acquired in 1995 by [[JCPenney]]. In 1996, when JCPenney attempted to purchase [[Eckerd Drug]], the [[Federal Trade Commission|FTC]] forced JCPenney to divest itself of 34 former Kerr Drug stores and 130 [[Rite Aid]] stores. These stores were ultimately purchased by a group led by former [[Thrift Drug]] executives led by Anthony Civello who became Kerr Drug's President & CEO who left the [[JC Penney]] organization following the Eckerd acquisition.

In 2013, [[Walgreens]] purchased the remaining Kerr Drug stores and its distribution center. <ref>{{Cite web|url=https://www.wral.com/walgreens-buying-raleigh-based-kerr-drug/12871063/|title = Walgreens buying Raleigh-based Kerr Drug|date = 10 September 2013}}</ref>
==References==
{{reflist}}


==External links==
==External links==
*[http://www.kerrdrug.com/index.html/ Kerr Drug Online]
*[http://www.kerrdrug.com/index.html/ Kerr Drug Online]


{{US-retail-stub}}
{{Walgreens}}

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[[Category:Pharmacies of the United States]]
[[Category:Health care companies based in North Carolina]]
[[Category:Defunct companies based in North Carolina]]
⚫
[[Category:Defunct pharmacies of the United States]]
[[Category:Companies based in Raleigh, North Carolina]]
[[Category:Retail companies established in 1951]]
[[Category:Retail companies disestablished in 2013]]
[[Category:1951 establishments in North Carolina]]
[[Category:2013 disestablishments in North Carolina]]
[[Category:2013 mergers and acquisitions]]
[[Category:Walgreens Boots Alliance]]

{{US-retail-company-stub}}

Latest revision as of 10:08, 7 December 2024

Kerr Drug
Company typeDrug Store
PredecessorKerr Drug
FoundedRaleigh, NC,1951
Defunct2013
FateMerged with Walgreens
SuccessorWalgreens
Headquarters
Raleigh, NC
,
United States
Number of locations
76
Area served
Raleigh, NC, Fayetteville, NC, Durham, NC, Chapel Hill, NC, Pittsboro, NC, Hillsborough, NC, White Mountains in Western NC and much of Eastern NC
Key people
Banks Kerr, founder of Kerr Drug
ProductsPremier
OwnerWalgreens

Kerr Drug was an American chain of 76 drug stores throughout North Carolina. Its headquarters were located in Raleigh, North Carolina. On September 10, 2013, Walgreens announced its purchase of Kerr.[1][2]

History

[edit]

The company was founded in Raleigh by Banks Kerr in 1951. The chain was operating 97 stores when it was acquired in 1995 by JCPenney. In 1996, when JCPenney attempted to purchase Eckerd Drug, the FTC forced JCPenney to divest itself of 34 former Kerr Drug stores and 130 Rite Aid stores. These stores were ultimately purchased by a group led by former Thrift Drug executives led by Anthony Civello who became Kerr Drug's President & CEO who left the JC Penney organization following the Eckerd acquisition.

In 2013, Walgreens purchased the remaining Kerr Drug stores and its distribution center. [3]

References

[edit]
  1. ^ "Walgreens buying Raleigh-based Kerr Drug". WRAL. September 10, 2013. Retrieved September 11, 2013.
  2. ^ "Walgreens furthers reach into North Carolina with acquisition of Kerr Drug". Drug Store News. September 10, 2013. Archived from the original on September 13, 2013. Retrieved September 11, 2013.
  3. ^ "Walgreens buying Raleigh-based Kerr Drug". 10 September 2013.
[edit]
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