Thrift Drug was a U.S. pharmacy chain founded in 1935 and based in Pittsburgh, Pennsylvania.[1]
History
In 1935, pharmacists Philip Hoffman and Reuben Helfant came together to form the Thrift Drug Company. Their first stores opened in the Pittsburgh suburb of Sewickley in May, followed by Bellevue two weeks later. A third store was opened later that year, and they finished with $200,000 in sales.[2] They incorporated the company in 1937.[3]
By 1963, the chain spanned 115 stores across six states.[4] Thrift Drug was purchased by JCPenney in November 1968 for $70 million in stocks.[5]