Rite Aid is a chain of drugstores in America as well as a Fortune 500 company. Its headquarters are in East Pennsboro Township, Pennsylvania. It stands as the third largest drugstore in the United States and is the largest chain on the east coast. It is traded publicly on the New York Stock Exchange and boasts a reported $25.5 billion total sales in 2014, and as of 2015, the market capitalization of the drugstore rounded out around $7.15 billion. Rite Aid started as a solitary store in Scranton, Pennsylvania, under the name Thrift D Discount Center. After many years of growth, Rite Aid took their current name as well as their status as a public company in 1968.