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Revco Discount Drug Stores (known simply as Revco or Revco, D. S. ), once based in Twinsburg, Ohio, was a major drug store chain operating through the Ohio Valley, the Mid-Atlantic states, and the Southeastern United States. The chain's stock was traded on the New York Stock Exchange (NYSE) under the ticker RXR. When it was sold, the chain had over 2,500 stores. New Year's Party Supplies Available Now! Party Supplies - Balloons - Bridal & Baby Shower Supplies.

History

Revco was founded in 1961 by Sidney Dworkin and Bernie Shulman. Dworkin led Revco until 1986 as CEO, and then he served as Chairman until 1987.

Up until 1983, Revco grew tremendously; the chain had over 2,200 stores and over $2. 2 billion dollars in sales. The chain then began to stumble. In 1983, its vitamins were blamed for the deaths of 38 infants. This sporty, portable lifestyle stroller is designed to make every day of the week convenient for parents and every ride comfortable. In order to prevent a hostile takeover and increase short-term profitability, Dworkin then led the chain into a deal that would seal its fate many years later. Under his leadership, Revco purchased a company called Odd Lots Trading, now known as Big Lots, a close-out retailer. Revco's management lost its focus on the drug store portion of its business due to problems with Odd Lots, and earnings tumbled.

Bankruptcy

In 1986, Revco was the target of a leveraged buyout. Part of the buyout deal was to reduce costs by closing stores and by reducing inventory to repay debts.