On May 16, 2009, the sale was finalized and the Drug Fair stores still in the chain became Walgreens. These stores began liquidating immediately afterward and were shuttered in May 2009 many of the stores' leases were purchased by Dollar General and reopened under that banner. Shortly thereafter, another ten Drug Fair locations and nine Cost Cutters stores were marked for closure. After the purchase, Drug Fair announced that their stores in Bridgewater, North Arlington, and East Rutherford, New Jersey would be quickly liquidated and closed along with one of their two locations in Clifton, New Jersey. Just prior to the filing for bankruptcy, Drug Fair announced it was selling thirty-two drugstores to Walgreens, who also purchased prescription lists from several other Drug Fair locations. Shortly after the two stores closed, Drug Fair announced it was filing for Chapter 11 bankruptcy protection. In March 2009, two Drug Fair locations in Raritan and Rockaway, New Jersey closed abruptly. īy mid-2008 Drug Fair operated 50 locations and Cost Cutters, had another eleven locations. In 2005, Drug Fair was acquired by Sun Capital Partners, a private equity firm. The card was good at any Drug Fair or Cost Cutters store as both store's logos were printed on the cards. In the 2000s, Drug Fair introduced a discount card called "We Care," which was the company's slogan. In addition to its drugstore chain Drug Fair also owned and operated Cost Cutters, a discount drug and general merchandise chain. The company kept its headquarters in Somerset, New Jersey and was founded in 1954. This store was located in a former Centennial design A&P store in Norwood, New Jersey.ĭrug Fair was a chain of drugstores based in New Jersey. In addition to its namesake division, Drug Fair operated the Cost Cutters chain of stores.
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