rite aid 2008 Shareholder Letter

1. Rite Aid completed a major acquisition of Brooks Eckerd in 2008, increasing its store count by over 50% overnight. However, the integration proved more challenging than expected as the economy weakened. 2. While Rite Aid fell short of its financial targets for the year, it made significant progress integrating the acquired stores and capturing synergies. All six distribution centers and two-thirds of store systems were converted. 3. Looking ahead, Rite Aid's priorities are to fully complete the integration, increase productivity in all stores through customer loyalty programs and prescription growth, and effectively control expenses to improve profitability.