Perry Drug Stores, Inc.

Perry Drug Stores, Inc. operates 216 retail drugstores and two deep discount health and beauty aids stores in Michigan. The company's drugstores sell prescription and non-prescription drugs as well as a broad selection of products and services, including health aids and beauty care products, film and photo processing, greeting cards, tobacco products, convenience foods and alocholic beverages. At October 31, 1994, the company operated 27 drugstores which were open 24 hours per day, 14 of which had 24-hour Pharmacy departments. Prescription sales accounted for 54% of 1994 revenues and general merchandise, 46%.