Rite Aid 2016 Annual Report Download - page 28
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Please find page 28 of the 2016 Rite Aid annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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The table below identifies the number of stores by state as of February 27, 2016:
State Store Count
Alabama ............................................... 93
California .............................................. 580
Colorado ............................................... 20
Connecticut ............................................. 77
Delaware ............................................... 42
District of Columbia ...................................... 7
Georgia ................................................ 179
Idaho ................................................. 13
Indiana ................................................ 10
Kentucky ............................................... 116
Louisiana .............................................. 62
Massachusetts ........................................... 146
Maine ................................................. 79
Maryland .............................................. 140
Michigan ............................................... 275
Mississippi .............................................. 26
North Carolina .......................................... 225
Nevada ................................................ 1
New Hampshire .......................................... 68
New Jersey ............................................. 257
New York .............................................. 604
Ohio.................................................. 224
Oregon ................................................ 72
Pennsylvania ............................................ 537
Rhode Island ............................................ 44
South Carolina .......................................... 91
Tennessee .............................................. 81
Utah.................................................. 22
Vermont ............................................... 37
Virginia ................................................ 190
Washington ............................................. 139
West Virginia ............................................ 104
Total .................................................. 4,561
Our stores have the following attributes at February 27, 2016:
Attribute Number Percentage
Freestanding ...................................... 2,829 62.0%
Drive through pharmacy .............................. 2,462 54.0%
GNC stores within a Rite Aid store ..................... 2,338 51.3%
We lease 4,308 of our operating drugstore facilities under non-cancelable leases, many of which
have original terms of 10 to 22 years. In addition to minimum rental payments, which are set at
competitive market rates, certain leases require additional payments based on sales volume, as well as
reimbursement for taxes, maintenance and insurance. Most of our leases contain renewal options, some
of which involve rent increases. The remaining 253 drugstore facilities are owned.
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