Kerr Drug: Difference between revisions
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'''Kerr Drug''' was |
'''Kerr Drug''' was an [[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 [[led by Anthony Civello who became Kerr Drug's President & CEO]] 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 JCPenney organization following the Eckerd acquisition.[http://www.newsobserver.com/104/story/485329.html] |
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Revision as of 07:28, 13 July 2015
 A Kerr Drug located in Hillsborough | |
| Company type | Drug Store |
|---|---|
| Predecessor | Kerr Drug |
| Founded | Raleigh, NC,1951 |
| Defunct | 2013 |
| Fate | Merged with Walgreens |
| Successor | Walgreens |
| Headquarters | , |
Number of locations | 76 |
Area served | Raleigh, NC, Fayetteville, NC, Durham, NC, Chapel Hill, NC, Pittsboro, NC, Hillsborough, NC, Wthe Mountains in Western NC and Much of Eastern NC |
Key people | Banks Kerr, founder of Kerr Drug |
| Products | Premier |
| Owner | Walgreens |
| Website | www.kerrdrug.com |
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]
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 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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