Kerr Drug

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Kerr Drug
Company type
Drug Store
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FateMerged with Walgreens
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Headquarters
Raleigh, NC
,
United States
Number of locations
76
Area served
North Carolina
ProductsPremier
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OwnerWalgreens
Number of employees
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Kerr Drug was an American chain of 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]

Over the years, Kerr built a reputation as an innovative and community-first clinical pharmacy. Kerr often partnered with local physicians and universities, offering clinical services that were prioritized over prescription fulfillment.[3][4][5][6]

History

The company was founded by Banks Kerr in 1951.[7] Kerr had graduated as valedictorian from the University of North Carolina School of Pharmacy.[8] The chain's first location was at the University Mall in Chapel Hill.[4]

In January 1995, Thrift Drug, owned by JCPenney, acquired the 97-store chain.[9] When JCPenney attempted to purchase Eckerd Drug, the FTC required the divestment of 161 drug stores in North Carolina and South Carolina. New Kerr Drug, a new entity owned by Thrift's former president, acquired the stores.[10][7]

In 2002, UNC-Chapel Hill's School of Pharmacy dedicated the Banks D. Kerr Hall to the drug chain's founder.[11][8]

In May 2009, Kerr Drug sold its 11 stores in the Charleston, South Carolina to CVS in order to focus on its North Carolina market. The sale left Kerr with 90 stores.[12][13] At the same time, Kerr introduced its Naturally Kerr store-within-a-store format that added natural, homeopathic, and organic health care and food products. The format started in Raleigh and Asheville.[14] By August, the concept was successful enough that a third location in Chapel Hill was announced.[15] By the following year, the chain operated three health care centers and 10 clinical hubs.[5]

In 2013, Walgreens purchased all 76 of the remaining Kerr Drug stores and its distribution center for $173 million.[16] Kerr's long-term care pharmacy business was not included in the sale.[17] The new owner closed 20 locations and the converted the remaining to the Walgreens name.[18] Kerr's headquarters in Raleigh were closed in August 2014.[19]

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."Walgreens buying Raleigh-based Kerr Drug". WRAL. September 10, 2013. Retrieved September 11, 2013.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Walgreens furthers reach into North Carolina with acquisition of Kerr Drug". Drug Store News. September 10, 2013. Archived from the original on September 13, 2013. Retrieved September 11, 2013.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Kerr Drug sees another approach to pharmacy". Chain Drug Review. 2010-11-05. Retrieved 2025-07-21.
  4. ^ a b Page Module:Citation/CS1/styles.css has no content.Frederick, Jim (April 19, 2010). "Bridging the health, convenience gap". Drug Store News. Retrieved 2025-07-21.
  5. ^ a b Page Module:Citation/CS1/styles.css has no content."Kerr's Chapel Hill store: Simply the best". Chain Drug Review. 2010-08-30. Retrieved 2025-07-21.
  6. ^ Page Module:Citation/CS1/styles.css has no content.Andrews, Michelle (2002-06-16). "MONEY & MEDICINE; Here Are Your Pills. Do You Want the Seminar?". The New York Times. ISSN 0362-4331. Retrieved 2025-07-22.
  7. ^ a b Page Module:Citation/CS1/styles.css has no content."About Kerr Drug". Archived from the original on January 24, 2009.
  8. ^ a b Page Module:Citation/CS1/styles.css has no content."Banks Kerr (1922-2000) and Kerr Hall · Names Across the Landscape · Carolina Story: Virtual Museum of University History". museum.unc.edu. Retrieved 2025-07-21.
  9. ^ Page Module:Citation/CS1/styles.css has no content."COMPANY BRIEFS". The New York Times. 1995-01-12. ISSN 0362-4331. Retrieved 2025-07-21.
  10. ^ Page Module:Citation/CS1/styles.css has no content."NEW KERR DRUG TO BUY 161 J.C. PENNEY DRUGSTORES". The New York Times. 1997-03-26. ISSN 0362-4331. Retrieved 2025-07-21.
  11. ^ Page Module:Citation/CS1/styles.css has no content."University Officials Dedicate Two New Buildings". University Officials Dedicate Two New Buildings -. October 14, 2002. Retrieved 2025-07-21.
  12. ^ Page Module:Citation/CS1/styles.css has no content.Alexander, Antoinette. "CVS Caremark snaps up Kerr Drug stores in Charleston". Drug Store News. Retrieved 2025-07-21.
  13. ^ Page Module:Citation/CS1/styles.css has no content.Wise, Warren L. (2009-05-28). "Kerr Drug name to vanish in area". Post and Courier. Retrieved 2025-07-21.
  14. ^ Page Module:Citation/CS1/styles.css has no content.Monks, Richard (May 25, 2009). "Kerr unveils natural format". Chain Drug Review. Archived from the original on November 20, 2010. Retrieved July 21, 2025.
  15. ^ Page Module:Citation/CS1/styles.css has no content."Shoppers like Naturally Kerr". Chain Drug Review. 2009-08-19. Retrieved 2025-07-21.
  16. ^ Page Module:Citation/CS1/styles.css has no content."Walgreens to acquire Kerr Drug". Chain Drug Review. 2013-09-10. Retrieved 2025-07-21.
  17. ^ Page Module:Citation/CS1/styles.css has no content."Walgreens buys Kerr Drug's 76 stores". Drug Topics. 2013-09-10. Retrieved 2025-07-21.
  18. ^ Page Module:Citation/CS1/styles.css has no content.Bracken, David (December 30, 2013). "Walgreen paid $173 million for Kerr Drug". The News & Observer. Retrieved July 21, 2025.
  19. ^ Page Module:Citation/CS1/styles.css has no content.Hoyle, Amanda (October 8, 2013). "Kerr Drug to eliminate 84 jobs after sale to Walgreens". www.bizjournals.com. Retrieved 2025-07-22.

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