Fay's Drug
From Wikipedia, the free encyclopedia
| Fay's Drug Company, Inc. | |
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| Type | Drug store |
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| Founded | 1958 Fairmount, New York |
| Headquarters | Syracuse, New York |
| Industry | Retail |
| Products | Beauty products, drugs, snacks, beer, photo shop, movies, food and housewares. |
| Website | None |
Fay's Drug was a chain of drug stores that was founded in 1958 in Fairmount, New York. At it's height, Fay's Drugs operated its core business, along with Wheels Discount Auto and The Paper Cutter Books and Office and Party Supply.
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[edit] History
[edit] Beginning
In 1958, the first Fay's Drug Store opened in Fairmount, New York by two guys named Henry A. Panasci, Jr. and his father Henry Panasci Sr. opened. 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.
[edit] 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 still feature the familiar Fay's aisle and pharmacy formats that served as models for drug chains nationwide.
