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[[Image:2008-09-30 Kerr Drug with Kerr Cafe in Hillsborough, NC.jpg|thumb|Kerr Drug in [[Hillsborough, North Carolina]]]] |
[[Image:2008-09-30 Kerr Drug with Kerr Cafe in Hillsborough, NC.jpg|thumb|Kerr Drug in [[Hillsborough, North Carolina]]]] |
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'''Kerr Drug''' |
'''Kerr Drug''' was a [[United States|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}}</ref> |
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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 who left the JCPenney organization following the Eckerd acquisition.[http://www.newsobserver.com/104/story/485329.html] |
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Revision as of 20:35, 18 October 2013
Kerr Drug was a 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]
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 who left the JCPenney organization following the Eckerd acquisition.[1]
References
- ^ "Walgreens buying Raleigh-based Kerr Drug". WRAL. September 10, 2013. Retrieved September 11, 2013.
- ^ "Walgreens furthers reach into North Carolina with acquisition of Kerr Drug". Drug Store News. September 10, 2013. Retrieved September 11, 2013.
External links
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