Rite Aid 2016 Annual Report Download - page 27

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our ability to make appropriate changes to our business may be restricted by covenants in the
Merger Agreement; these restrictions generally require us to conduct our business in the
ordinary course and subject us to a variety of specified limitations absent WBA’s prior written
consent. We may find that these and other contractual restrictions in the Merger Agreement
may delay or prevent us from responding, or limit our ability to respond, effectively to
competitive pressures, industry developments and future business opportunities that may arise
during such period, even if our management believes they may be advisable; and
the costs and potential adverse outcomes of litigation relating to the Merger.
Item 1B. Unresolved SEC Staff Comments
None
Item 2. Properties
As of February 27, 2016, we operated 4,561 retail drugstores. The average selling square feet of
each store in our chain is approximately 9,900 square feet. The average total square feet of each store
in our chain is approximately 12,700. The stores in the eastern part of the U.S. average 8,900 selling
square feet per store (11,200 average total square feet per store). The stores in the western part of the
U.S. average 14,500 selling square feet per store (19,200 average total square feet per store).
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