14 Facts About Revco

Revco, originally known as Registered Vitamin Company, was founded in 1956 in Detroit, Michigan, by Sidney Dworkin and Bernie Shulman.

Up to 1983, Revco grew tremendously; the chain had over 2,200 stores and over $2.

Revco's management lost its focus on the drug store portion of its business due to problems with Odd Lot Trading Co.

Revco was bailed out of bankruptcy by investor Sam Zell, in part to fend off separate takeover attempts by both Eckerd and Rite Aid.

In 1990,221 Midwest Revco stores were purchased by Reliable Drug, based in Cleveland, OH.

Related searches

Revco emerged from bankruptcy, as an independent company, in 1992.

In Revco's free standing stores, the slanted aisles had an open ceiling above them; the other aisles had a drop ceiling over them.

Revco introduced strict rules about having no handwritten signs or merchandise displays sitting directly on the floor, which it thought gave the stores a cleaner look.

In 1996, Revco entered into an agreement with Rite Aid to be bought out.

The Federal Trade Commission announced that it would sue to stop the buyout, saying that Rite Aid would become a monopoly in many markets because Rite Aid and Revco had many overlapping stores, and Rite Aid withdrew its bid for the company.

Revco had a discount program for customers with disabilities and for baby supplies.

Revco had customers fill out an information card with their contact information and gave them a card to identify their participation in the discount program.

Revco was one of the first drug store chains in the country to have a centralized pharmacy computer system, which it called Prescription Access Link.

Revco founded and sponsored a marathon in Cleveland, which was often referred to among runners as "The Revco".