Thrifty PayLess

Not to be confused with Thrift Drug or Payless ShoeSource.
"Pay Less Drug Store" redirects here. For other stores, see Pay Less (disambiguation).
For other uses, see Thrifty (disambiguation).

Thrifty PayLess Holdings, Inc.
Company typeHolding company
IndustryRetail/Pharmacy
Predecessor(merger of) PayLess Drug Stores
(and) Thrifty Corporation
FoundedApril 1994 (1994-04) (as Thrifty PayLess Holdings, Inc.)
Los Angeles, California, U.S.
DefunctOctober 15, 1996 (1996-10-15) (as Thrifty PayLess Holdings, Inc.)
Los Angeles, California, U.S.
FateAcquired by Rite Aid
SuccessorsRite Aid
Number of locations
1,000+
Area served
California, Oregon, Washington, and Idaho
ServicesPharmacy, Liquor, Cosmetics, Health and Beauty Aids, General Merchandise, Snacks, 1-Hour Photo

Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles–based TCH Corporation, the parent company of Thrifty Corporation and Thrifty Drug Stores, Inc., acquired PayLess Drug Stores Northwest, Inc.

At the time of the merger, Thrifty operated 495 stores and PayLess operated 543 stores. TCH Corporation was renamed Thrifty PayLess Holdings, Inc. In 1996, Rite Aid acquired Thrifty PayLess Holdings.

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