2011 revenue: $25.2 billion
10-year annualized return: -13.0%
Success is all about timing, especially for corporate mergers. Rite Aid purchased Brooks and Eckerd in 2007, right before consumer spending at drug stores dropped significantly. Since then, the company has suffered losses every quarter.
Rite Aid has been working hard to boost sales drive customer loyalty. It refinanced some of the debt it acquired during the merger and has been renovating stores. Rite Aid also added new Wellness centers, which are like little clinics inside the drug stores. The idea is to drive customer loyalty and boost in-store sales. Shareholders are still waiting to see results -- in 2011, revenue declined by 2%.
NEXT: 16. Regions Financial
By Nin-Hai Tseng, writer and Shelley DuBois, writer-reporter
@FortuneMagazine
- Last updated May 07 2012: 10:56 AM ET
