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- Thrift_Drug abstract "Thrift Drug was a U.S. pharmacy chain based in Pittsburgh, Pennsylvania, that was founded in 1937. The company was purchased by J. C. Penney in 1968, and was expanded greatly thereafter, serving as the flagship chain of J.C. Penney's pharmacy group. The chain did not hide its affiliation with J.C. Penney, as it had J.C. Penney catalog merchandise pickup centers inside many of its locations, as well as signs advertising "J.C. Penney Catalog Center". Stores also accepted the J.C. Penney credit card for purchases.[citation needed]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 Penney a dominant position in the drug store business in the states of North Carolina and South Carolina through its ownership of Thrift Drug, Rite Aid, and Eckerd. The FTC ultimately approved of the transaction, but as a condition of approval, in 1997 Penney and Thrift were required to divest 14 Thrift drug stores in Charlotte and 20 Thrift stores in Raleigh-Durham, as well as all of Rite Aid's 110 locations in the state of North Carolina and that chain's 17 locations in Charleston. As a result, J.C. Penney divested 164 stores in the Carolinas. The divested stores were purchased by an investment group led by former Thrift Drug executives who left J.C. Penney after the Eckerd transaction. These stores became the Kerr Drug chain, using the name of a former Carolinas chain that J.C. Penney had acquired in 1995.After acquiring Eckerd, in 1997 J.C. Penney 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 that was 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 (who 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 accepts J.C. Penney credit cards despite having otherwise had no corporate affiliation with J. C. Penney.".
- Thrift_Drug extinctionYear "1997".
- Thrift_Drug fate "Purchased by JCPenney".
- Thrift_Drug foundingYear "1935".
- Thrift_Drug industry Public_company.
- Thrift_Drug location Pennsylvania.
- Thrift_Drug location Pittsburgh.
- Thrift_Drug location United_States.
- Thrift_Drug parentCompany J._C._Penney.
- Thrift_Drug successor CVS_Pharmacy.
- Thrift_Drug successor Eckerd_Corporation.
- Thrift_Drug successor J._C._Penney.
- Thrift_Drug successor Rite_Aid.
- Thrift_Drug wikiPageID "6904627".
- Thrift_Drug wikiPageRevisionID "571577388".
- Thrift_Drug companyLogo "200".
- Thrift_Drug companyName "Thrift Drug".
- Thrift_Drug defunct "1997".
- Thrift_Drug fate "Purchased by JCPenney".
- Thrift_Drug foundation "1935".
- Thrift_Drug founder "Philip Hoffman and Reuben Helfant".
- Thrift_Drug hasPhotoCollection Thrift_Drug.
- Thrift_Drug industry Public_company.
- Thrift_Drug location Pennsylvania.
- Thrift_Drug location Pittsburgh.
- Thrift_Drug location United_States.
- Thrift_Drug parent J._C._Penney.
- Thrift_Drug products "pharmaceutical products".
- Thrift_Drug slogan "The One You Can Trust".
- Thrift_Drug successor "JCPenney, Eckerd, now CVS/pharmacy and Rite Aid".
- Thrift_Drug subject Category:Companies_disestablished_in_1997.
- Thrift_Drug subject Category:Defunct_pharmacies_of_the_United_States.
- Thrift_Drug type Abstraction100002137.
- Thrift_Drug type CompaniesDisestablishedIn1997.
- Thrift_Drug type Company108058098.
- Thrift_Drug type Group100031264.
- Thrift_Drug type Institution108053576.
- Thrift_Drug type Organization108008335.
- Thrift_Drug type SocialGroup107950920.
- Thrift_Drug type YagoLegalActor.
- Thrift_Drug type YagoLegalActorGeo.
- Thrift_Drug type YagoPermanentlyLocatedEntity.
- Thrift_Drug type Agent.
- Thrift_Drug type Company.
- Thrift_Drug type Organisation.
- Thrift_Drug type Organization.
- Thrift_Drug type Agent.
- Thrift_Drug type SocialPerson.
- Thrift_Drug type Thing.
- Thrift_Drug comment "Thrift Drug was a U.S. pharmacy chain based in Pittsburgh, Pennsylvania, that was founded in 1937. The company was purchased by J. C. Penney in 1968, and was expanded greatly thereafter, serving as the flagship chain of J.C. Penney's pharmacy group. The chain did not hide its affiliation with J.C. Penney, as it had J.C. Penney catalog merchandise pickup centers inside many of its locations, as well as signs advertising "J.C. Penney Catalog Center". Stores also accepted the J.C.".
- Thrift_Drug label "Thrift Drug".
- Thrift_Drug sameAs m.0gwdfg.
- Thrift_Drug sameAs Q7798128.
- Thrift_Drug sameAs Q7798128.
- Thrift_Drug sameAs Thrift_Drug.
- Thrift_Drug wasDerivedFrom Thrift_Drug?oldid=571577388.
- Thrift_Drug isPrimaryTopicOf Thrift_Drug.
- Thrift_Drug name "Thrift Drug".