Perry Drug Stores was an American retail pharmacy chain founded in 1957 in the city of Pontiac, Michigan, United States.
In 1995, Perry Drug Stores was bought out by Rite Aid, a pharmacy chain based in Camp Hill, Pennsylvania.
The Perry chain, which at the time comprised 224 stores, was the largest acquisition ever made by Rite Aid.
[1] In 1978, a prototype Perry store was opened, featuring an expanded sporting goods line, a home and automotive center, and live pets for sale.
[6] Perry Drug Stores posted a brief period of sharp declines in sales in 1990, with locations in Indiana and Wisconsin being sold off.
[19] In July 1983, Perry signed a letter of intent to acquire Indianapolis-based Fleenor's Inc. with its chain of 50 auto part stores in Indiana, Ohio, and Kentucky.
[27] After five years of ownership, Northern Automotive failed to turn the ailing chain around and subsequently sold Auto Works with its 159 retail stores in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio and West Virginia to Hahn Automotive Warehouse in November 1993 for $13 million in cash.
[28][29] Hahn finally closed Auto Works with its 53 stores in August 1997 after filing for Chapter 11 bankruptcy.
Price was a deep-discount health and beauty aids retailer with sixteen locations in the Detroit area that was started in 1983.
[32] In April 1990, Perry Drug Stores announced that it has plans to sell off fourteen of its sixteen A. L. Price locations for $14.8 million and convert the remaining two into Perry Drug stores, as part of a decision to focus entirely on the drugstore chain itself.