NewMexiKen was surprised to learn that it’s J.C. Penney that owns Eckerd Drug, or at least did own it. Penney is selling the 2,800 Eckerd stores to CVS and a Canadian firm, Jean Coutu Group Inc. The deal will give CVS 1,280 new outlets to pass Walgreens as America’s largest drug store chain. Eckerd/CVS has several stores under construction in Albuquerque.
So what ever happened to Rexall?
An aside: NewMexiKen actually met Jack Eckerd, founder of Eckerd Drug, when Eckerd ran the U.S. General Services Administration under President Ford.