Fay's Drug

Infobox_Defunct_Company
company_name = Fay's Drug Company, Inc.
company_
company_type = Drug store
foundation = 1958 Fairmount, New York
defunct = 1997
fate = Merged into Eckerd (now Rite Aid)
location = Syracuse, New York
industry = Retail
products = Beauty products, drugs, snacks, beer, photo shop, movies, food and housewares.
homepage = None|

Fay's Drug was a chain of drug stores that was founded in 1958 in Fairmount, New York. At its height, Fay's Drugs operated its core business, along with Wheels Discount Auto and The Paper Cutter Books and Office and Party Supply.

History

Beginning

In 1958, the first Fay's Drug Store was opened in Fairmount, New York by Henry A. Panasci, Jr. and his father Henry Panasci Sr. The store was named after Faye Panasci.

Fay's steadily grew in Central New York -- the resulting Fay's Drugs Company, Inc. was incorporated on October 20, 1966 and Fay's Drugs opened its headquarters in Syracuse, New York with the bulk of its operations residing in Liverpool, New York.

JCPenney

In 1996, Fay's Drugs was sold to JCPenney. JCPenney merged its drug operations into Eckerd in 1997. Many of the original Fay's Drugs locations that have not been closed in favor of stand-alone Eckerd stores (many now Rite Aid locations) still feature the familiar Fay's aisle and pharmacy formats that served as models for drug chains nationwide.

External links

* [http://www.buffalo.edu/news/fast-execute.cgi/article-page.html?article=74340009 UB to Award Posthumous Degree to Henry A. Panasci]
* [http://www.buffalo.edu/UBT/UBT-archives/09_ubtsp98/alumni_profiles/profile4.html The Panasci Panache]
* [http://www.secinfo.com/dsvrt.a2k2.htm Wheels Discount Auto Supply, Inc. sold to Western Auto (Sears)]
* [http://findarticles.com/p/articles/mi_m3092/is_/ai_11160594 Paper Cutter - Hard Lines - company profile]