Thrift Drug (original) (raw)
Thrift Drug was a U.S. pharmacy chain founded in 1935 and based in Pittsburgh, Pennsylvania. The company was purchased by JCPenney in 1968, and was expanded greatly thereafter, serving as the flagship chain of JCPenney's pharmacy group. The chain did not hide its affiliation with JCPenney, as it had JCPenney catalog merchandise pickup centers inside many of its locations, as well as signs advertising "JCPenney Catalog Center". Stores also accepted the JCPenney credit card for purchases.
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| dbo:abstract | Thrift Drug was a U.S. pharmacy chain founded in 1935 and based in Pittsburgh, Pennsylvania. The company was purchased by JCPenney in 1968, and was expanded greatly thereafter, serving as the flagship chain of JCPenney's pharmacy group. The chain did not hide its affiliation with JCPenney, as it had JCPenney catalog merchandise pickup centers inside many of its locations, as well as signs advertising "JCPenney Catalog Center". Stores also accepted the JCPenney credit card for purchases. In 1996, JCPenney purchased Eckerd, another pharmacy chain. The U.S. Federal Trade Commission (FTC) objected to the purchase on antitrust grounds, stating that ownership of Eckerd would give JCPenney a dominant position in the drug store business in the states of North Carolina and South Carolina through its ownership of Thrift Drug, Rite Aids in the Carolinas, and Eckerd. The FTC ultimately approved the transaction, but as a condition of approval, in 1997 JCPenney and Thrift were required to divest 14 Thrift drug stores in Charlotte and 20 Thrift stores in Raleigh-Durham, as well as all 110 Rite Aid locations in the state of North Carolina and that chain's 17 locations in Charleston. As a result, JCPenney divested 164 stores in the Carolinas. The divested stores were purchased by an investment group led by former Thrift Drug executives who left JCPenney after the Eckerd transaction. These stores became the Kerr Drug chain, using the name of a former Carolinas chain acquired by JCPenney in 1995. After acquiring Eckerd, in 1997 JCPenney merged Thrift Drug and all other pharmacy chains into the larger Eckerd chain (now CVS Pharmacy and Rite Aid). One enduring legacy of Thrift Drug was in the 1977 movie Slap Shot, when a Thrift Drug located in downtown Johnstown, Pennsylvania was shown in the background during a shot of downtown Charlestown (the town that Johnstown portrayed in the film), alongside other now-defunct retailers such as Woolworth (which still exists today as Foot Locker but closed their namesake chain in 1997) and competitor Revco (which was later acquired by CVS Pharmacy). Also shown was a location of Thrift Drug's nominal successor (through Eckerd) and fellow Pennsylvania pharmacy, Rite Aid. Due to Rite Aid's connection to Thrift Drug through Eckerd, Rite Aid, as well as CVS which also purchased many Eckerd stores, accept JCPenney credit cards despite having otherwise had no corporate affiliation with JCPenney. (en) |
| dbo:thumbnail | wiki-commons:Special:FilePath/Thiriftdrug.png?width=300 |
| dbo:wikiPageID | 6904627 (xsd:integer) |
| dbo:wikiPageLength | 4885 (xsd:nonNegativeInteger) |
| dbo:wikiPageRevisionID | 1116895847 (xsd:integer) |
| dbo:wikiPageWikiLink | dbc:Retail_companies_established_in_1935 dbc:Defunct_pharmacies_of_the_United_States dbr:Johnstown,_Pennsylvania dbr:Pennsylvania dbr:Revco dbr:Rite_Aid dbr:United_States dbr:Pharmacy dbr:Public_company dbr:Credit_card dbc:JCPenney dbr:Kerr_Drug dbr:CVS_Pharmacy dbc:Health_care_companies_based_in_Pennsylvania dbc:Rite_Aid dbc:Retail_companies_disestablished_in_1997 dbr:Eckerd_Corporation dbr:F._W._Woolworth_Company dbr:Foot_Locker dbr:North_Carolina dbr:JCPenney dbr:Charleston,_South_Carolina dbr:Charlotte,_North_Carolina dbr:Pittsburgh dbr:South_Carolina dbr:Slap_Shot_(film) dbr:Raleigh-Durham dbr:Antitrust dbr:U.S._Federal_Trade_Commission |
| dbp:defunct | 1997 (xsd:integer) |
| dbp:fate | Purchased by JCPenney (en) |
| dbp:foundation | 1935 (xsd:integer) |
| dbp:founder | Philip Hoffman and Reuben Helfant (en) |
| dbp:industry | dbr:Public_company |
| dbp:location | dbr:Pennsylvania dbr:United_States dbr:Pittsburgh |
| dbp:logo | Thiriftdrug.png (en) |
| dbp:logoSize | 200 (xsd:integer) |
| dbp:name | Thrift Drug (en) |
| dbp:parent | dbr:JCPenney |
| dbp:products | dbr:Pharmacy |
| dbp:successor | Eckerd, now CVS Pharmacy and Rite Aid (en) |
| dbp:wikiPageUsesTemplate | dbt:US-retail-company-stub dbt:Citation_needed dbt:Distinguish dbt:Infobox_company dbt:More_citations_needed dbt:Reflist dbt:Short_description dbt:J._C._Penney_Co.,_Inc. dbt:Rite_Aid |
| dcterms:subject | dbc:Retail_companies_established_in_1935 dbc:Defunct_pharmacies_of_the_United_States dbc:JCPenney dbc:Health_care_companies_based_in_Pennsylvania dbc:Rite_Aid dbc:Retail_companies_disestablished_in_1997 |
| gold:hypernym | dbr:Chain |
| rdf:type | owl:Thing dbo:Company yago:WikicatCompaniesDisestablishedIn1997 yago:Abstraction100002137 yago:Company108058098 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity yago:SocialGroup107950920 |
| rdfs:comment | Thrift Drug was a U.S. pharmacy chain founded in 1935 and based in Pittsburgh, Pennsylvania. The company was purchased by JCPenney in 1968, and was expanded greatly thereafter, serving as the flagship chain of JCPenney's pharmacy group. The chain did not hide its affiliation with JCPenney, as it had JCPenney catalog merchandise pickup centers inside many of its locations, as well as signs advertising "JCPenney Catalog Center". Stores also accepted the JCPenney credit card for purchases. (en) |
| rdfs:label | Thrift Drug (en) |
| owl:differentFrom | dbr:Thrifty_Drug |
| owl:sameAs | freebase:Thrift Drug yago-res:Thrift Drug wikidata:Thrift Drug https://global.dbpedia.org/id/4wjAf |
| prov:wasDerivedFrom | wikipedia-en:Thrift_Drug?oldid=1116895847&ns=0 |
| foaf:depiction | wiki-commons:Special:FilePath/Thiriftdrug.png |
| foaf:isPrimaryTopicOf | wikipedia-en:Thrift_Drug |
| is dbo:wikiPageWikiLink of | dbr:List_of_defunct_retailers_of_the_United_States dbr:Big_B_Drugs dbr:AppleTree_Markets dbr:Rite_Aid dbr:List_of_pharmacies dbr:Coventry_Mall dbr:Kerr_Drug dbr:Philip_Hoffman dbr:Eckerd_Corporation dbr:Parkway_Center_Mall dbr:JCPenney dbr:Cherry_Hill_Mall dbr:Lance_Armstrong dbr:Economy_of_Philadelphia dbr:Economy_of_Pittsburgh dbr:List_of_superstores |
| is owl:differentFrom of | dbr:Thrifty_PayLess |
| is foaf:primaryTopic of | wikipedia-en:Thrift_Drug |
