Kerr Drug

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Kerr Drug

A Kerr Drug located in Hillsborough
Type	Drug Store
Predecessor	Kerr Drug
Founded	Raleigh, NC,1951
Defunct	2013
Fate	Merged with Walgreens
Successor	Walgreens
Headquarters	Raleigh, NC , United States
Number of locations	76
Area served	Raleigh, NC, Fayetteville, NC, Durham, NC, Chapel Hill, NC, Pittsboro, NC, Hillsborough, NC, White Mountains in Western NC and much of Eastern NC
Key people	Banks Kerr, founder of Kerr Drug
Products	Premier
Owner	Walgreens
Website	www.kerrdrug.com www.kerrdrugoptical.com

Kerr Drug was an American chain of 76 drug stores throughout North Carolina. Its headquarters were located in Raleigh, North Carolina. On September 10, 2013, Walgreens announced its purchase of Kerr.^[1][2]

History[]

The company was founded in Raleigh by Banks Kerr in 1951. The chain was operating 97 stores when it was acquired in 1995 by JCPenney. In 1996, when JCPenney attempted to purchase Eckerd Drug, the FTC forced JCPenney to divest itself of 34 former Kerr Drug stores and 130 Rite Aid stores. These stores were ultimately purchased by a group led by former Thrift Drug executives led by Anthony Civello who became Kerr Drug's President & CEO who left the JC Penney organization following the Eckerd acquisition.[1]

In 2013, Walgreens purchased the remaining Kerr Drug stores and its distribution center. ^[3]

References[]

External links[]

• Kerr Drug Online

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