Revco D.S. Inc. will blitz the Baltimore area with eight new stores in the next several months, creating about 100 jobs and setting the stage for a pharmaceutical feud with Rite-Aid, Giant and others.
The nation's second-largest drug store chain intends to open two stores in early July at 5501 Park Heights Ave. and 900 Edmondson Ave., both in the city, the company announced yesterday.
In August, two stores will open at 5407 Harford Road in the city and at Liberty and Rolling roads in western Baltimore County.
Four additional Revco stores are scheduled to open in the area in the late fall and early winter, the company said. Locations have not been released, and details about construction costs and square footage of the stores were not released.
Already this spring, Revco has opened a store at 202 Harford Road in Baltimore City.
Revco officials could not be reached for comment yesterday, but Andrew P. Wolf, a Merrill Lynch analyst, said of the sudden influx: "It means two things: Yes, of course, they're taking on Rite-Aid, and they're taking on everybody else, including the independents."
Camp Hill, Pa.-based Rite-Aid Corp. has a dominant stake in the Baltimore metropolitan area, with a 33 percent market share, according to the "1994 Drug Store Distribution Guide," published by Metro Market Studies in Weston, Mass. Next are Landover-based Giant Food Inc., with 15 percent, and Revco, with 7 percent.
As of January, Revco had 44 stores in Maryland, with 31 of those in the Baltimore area, the company said. The chain, based in Twinsburg, Ohio, operates about 2,100 stores with 32,000 employees in 14 states east of the Mississippi River.