SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                                 (Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c),
         AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
                                (Amendment No. )*







                              Rite Aid Corporation
--------------------------------------------------------------------------------
                                (Name of Issuer)



                          Common Stock, $1.00 par value
--------------------------------------------------------------------------------
                         (Title of Class of Securities)



                                    767754104
--------------------------------------------------------------------------------
                                 (CUSIP Number)



                                  June 29, 2006
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

            [ ]   Rule 13d-1(b)

            [X]   Rule 13d-1(c)

            [ ]   Rule 13d-1(d)



* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                                     Page 1





CUSIP No.     767754104
              --------------------------
--------------------------------------------------------------------------------
      1)    Names of Reporting Person

            S.S. or I.R.S. Identification No. of Above Person

                 Tudor Investment Corporation
            --------------------------------------------------------------------
                 22-2514825
            --------------------------------------------------------------------
--------------------------------------------------------------------------------
      2)    Check the Appropriate Box if a Member of a Group (See Instructions)
            (a)
                 ---------------------------------------------------------------
            (b)      X
                 ---------------------------------------------------------------
--------------------------------------------------------------------------------
      3)    SEC Use Only
                          ------------------------------------------------------
--------------------------------------------------------------------------------
      4)    Citizenship or Place of Organization     Delaware
                                                   -----------------------------
--------------------------------------------------------------------------------
                    (5)  Sole Voting Power                       0
                                            ------------------------------------
                    ------------------------------------------------------------
Number of Shares    (6)  Shared Voting Power            25,915,723
Beneficially                                  ----------------------------------
Owned by Each       ------------------------------------------------------------
Reporting Person    (7)  Sole Dispositive Power                  0
With                                             -------------------------------
                   -------------------------------------------------------------
                    (8)  Shared Dispositive Power       25,915,723
                                                   -----------------------------
--------------------------------------------------------------------------------
      9)    Aggregate Amount Beneficially Owned by Each Reporting
            Person                         25,915,723
                                        ----------------------------------------
--------------------------------------------------------------------------------
     10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
            (See Instructions)
                                ------------------------------------------------
--------------------------------------------------------------------------------
     11)    Percent of Class Represented by Amount in Row 9       4.9%
                                                                ----------------
--------------------------------------------------------------------------------
     12)    Type of Reporting Person (See Instructions)      CO
                                                           ---------------------
--------------------------------------------------------------------------------


                                     Page 2





CUSIP No.     767754104
              --------------------------
--------------------------------------------------------------------------------
      1)    Names of Reporting Person

            S.S. or I.R.S. Identification No. of Above Person

                 Paul Tudor Jones, II
            --------------------------------------------------------------------

            --------------------------------------------------------------------
--------------------------------------------------------------------------------

      2)    Check the Appropriate Box if a Member of a Group (See Instructions)
            (a)
                 ---------------------------------------------------------------
            (b)      X
                 ---------------------------------------------------------------
--------------------------------------------------------------------------------
      3)    SEC Use Only
                          ------------------------------------------------------
--------------------------------------------------------------------------------
      4)    Citizenship or Place of Organization      USA
                                                    ----------------------------
--------------------------------------------------------------------------------
                    (5)  Sole Voting Power                       0
                                            ------------------------------------
                    ------------------------------------------------------------
Number of Shares    (6)  Shared Voting Power            28,225,900
Beneficially                                  ----------------------------------
Owned by Each       ------------------------------------------------------------
Reporting Person    (7)  Sole Dispositive Power                  0
With                                             -------------------------------
                   -------------------------------------------------------------
                    (8)  Shared Dispositive Power       28,225,900
                                                   -----------------------------
--------------------------------------------------------------------------------

      9)    Aggregate Amount Beneficially Owned by Each Reporting
            Person                         28,225,900
                                         ---------------------------------------
--------------------------------------------------------------------------------
     10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
            (See Instructions)
                                ------------------------------------------------
--------------------------------------------------------------------------------
     11)    Percent of Class Represented by Amount in Row 9       5.3%
                                                                ----------------
--------------------------------------------------------------------------------
     12)    Type of Reporting Person (See Instructions)      IN
                                                           ---------------------
--------------------------------------------------------------------------------


                                     Page 3





CUSIP No.     767754104
              --------------------------
--------------------------------------------------------------------------------
      1)    Names of Reporting Person

            S.S. or I.R.S. Identification No. of Above Person

                 Tudor Proprietary Trading, L.L.C.
            --------------------------------------------------------------------
                 13-3720063
            --------------------------------------------------------------------
--------------------------------------------------------------------------------

      2)    Check the Appropriate Box if a Member of a Group (See Instructions)
            (a)
                 ---------------------------------------------------------------
            (b)      X
                 ---------------------------------------------------------------
--------------------------------------------------------------------------------
      3)    SEC Use Only
                          ------------------------------------------------------
--------------------------------------------------------------------------------
      4)    Citizenship or Place of Organization      Delaware
                                                    ----------------------------
--------------------------------------------------------------------------------
                    (5)  Sole Voting Power                       0
                                            ------------------------------------
                    ------------------------------------------------------------
Number of Shares    (6)  Shared Voting Power             2,310,177
Beneficially                                  ----------------------------------
Owned by Each       ------------------------------------------------------------
Reporting Person    (7)  Sole Dispositive Power                  0
With                                             -------------------------------
                   -------------------------------------------------------------
                    (8)  Shared Dispositive Power        2,310,177
                                                   -----------------------------
--------------------------------------------------------------------------------
      9)    Aggregate Amount Beneficially Owned by Each Reporting
            Person                          2,310,177
                                          --------------------------------------
--------------------------------------------------------------------------------
     10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
            (See Instructions)
                                ------------------------------------------------
--------------------------------------------------------------------------------
     11)    Percent of Class Represented by Amount in Row 9       0.4%
                                                                ----------------
--------------------------------------------------------------------------------
     12)    Type of Reporting Person (See Instructions)      OO
                                                           ---------------------
--------------------------------------------------------------------------------


                                     Page 4





CUSIP No.     767754104
              --------------------------
--------------------------------------------------------------------------------
      1)    Names of Reporting Person

            S.S. or I.R.S. Identification No. of Above Person

            The Tudor BVI Global Portfolio Ltd.
            --------------------------------------------------------------------

            --------------------------------------------------------------------
--------------------------------------------------------------------------------

      2)    Check the Appropriate Box if a Member of a Group (See Instructions)
            (a)
                 ---------------------------------------------------------------
            (b)      X
                 ---------------------------------------------------------------
--------------------------------------------------------------------------------
      3)    SEC Use Only
                          ------------------------------------------------------
--------------------------------------------------------------------------------
      4)    Citizenship or Place of Organization      Cayman Islands
                                                    ----------------------------
--------------------------------------------------------------------------------
                    (5)  Sole Voting Power                       0
                                            ------------------------------------
                    ------------------------------------------------------------
Number of Shares    (6)  Shared Voting Power             4,334,341
Beneficially                                  ----------------------------------
Owned by Each       ------------------------------------------------------------
Reporting Person    (7)  Sole Dispositive Power                  0
With                                             -------------------------------
                   -------------------------------------------------------------
                    (8)  Shared Dispositive Power        4,334,341
                                                   -----------------------------
--------------------------------------------------------------------------------
      9)    Aggregate Amount Beneficially Owned by Each Reporting
            Person                          4,334,341
                                          --------------------------------------
--------------------------------------------------------------------------------
     10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
            (See Instructions)
                                ------------------------------------------------
--------------------------------------------------------------------------------
     11)    Percent of Class Represented by Amount in Row 9       0.8%
                                                                ----------------
--------------------------------------------------------------------------------
     12)    Type of Reporting Person (See Instructions)      CO
                                                           ---------------------
--------------------------------------------------------------------------------


                                     Page 5




CUSIP No.     767754104
              --------------------------
--------------------------------------------------------------------------------
      1)    Names of Reporting Person

            S.S. or I.R.S. Identification No. of Above Person

            The Raptor Global Portfolio Ltd.
            --------------------------------------------------------------------

            --------------------------------------------------------------------
--------------------------------------------------------------------------------

      2)    Check the Appropriate Box if a Member of a Group (See Instructions)
            (a)
                 ---------------------------------------------------------------
            (b)      X
                 ---------------------------------------------------------------
--------------------------------------------------------------------------------
      3)    SEC Use Only
                          ------------------------------------------------------
--------------------------------------------------------------------------------
      4)    Citizenship or Place of Organization      Cayman Islands
                                                    ----------------------------
--------------------------------------------------------------------------------
                    (5)  Sole Voting Power                       0
                                            ------------------------------------
                    ------------------------------------------------------------
Number of Shares    (6)  Shared Voting Power            21,387,922
Beneficially                                  ----------------------------------
Owned by Each       ------------------------------------------------------------
Reporting Person    (7)  Sole Dispositive Power                  0
With                                             -------------------------------
                   -------------------------------------------------------------
                    (8)  Shared Dispositive Power       21,387,922
                                                   -----------------------------
--------------------------------------------------------------------------------
      9)    Aggregate Amount Beneficially Owned by Each Reporting
            Person                         21,387,922
                                         ---------------------------------------
--------------------------------------------------------------------------------
     10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
            (See Instructions)
                                ------------------------------------------------
--------------------------------------------------------------------------------
     11)    Percent of Class Represented by Amount in Row 9       4.0%
                                                                ----------------
--------------------------------------------------------------------------------
     12)    Type of Reporting Person (See Instructions)      CO
                                                           ---------------------
--------------------------------------------------------------------------------


                                     Page 6




CUSIP No.     767754104
              --------------------------
--------------------------------------------------------------------------------
      1)    Names of Reporting Person

            S.S. or I.R.S. Identification No. of Above Person

            The Altar Rock Fund L.P.
            --------------------------------------------------------------------
            06-1558414
            --------------------------------------------------------------------
--------------------------------------------------------------------------------

      2)    Check the Appropriate Box if a Member of a Group (See Instructions)
            (a)
                 ---------------------------------------------------------------
            (b)      X
                 ---------------------------------------------------------------
--------------------------------------------------------------------------------
      3)    SEC Use Only
                          ------------------------------------------------------
--------------------------------------------------------------------------------
      4)    Citizenship or Place of Organization      Delaware
                                                    ----------------------------
--------------------------------------------------------------------------------
                    (5)  Sole Voting Power                       0
                                            ------------------------------------
                    ------------------------------------------------------------
Number of Shares    (6)  Shared Voting Power               193,460
Beneficially                                  ----------------------------------
Owned by Each       ------------------------------------------------------------
Reporting Person    (7)  Sole Dispositive Power                  0
With                                             -------------------------------
                   -------------------------------------------------------------
                    (8)  Shared Dispositive Power          193,460
                                                   -----------------------------
--------------------------------------------------------------------------------
      9)    Aggregate Amount Beneficially Owned by Each Reporting
            Person                            193,460
                                            ------------------------------------
--------------------------------------------------------------------------------
     10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
            (See Instructions)
                                ------------------------------------------------
--------------------------------------------------------------------------------
     11)    Percent of Class Represented by Amount in Row 9       0.04%
                                                                ----------------
--------------------------------------------------------------------------------
     12)    Type of Reporting Person (See Instructions)      PN
                                                           ---------------------
--------------------------------------------------------------------------------


                                     Page 7





Item 1(a).   Name of Issuer:

             Rite Aid Corporation

Item 1(b).   Address of Issuer's Principal Executive Offices:

             30 Hunter Lane
             Camp Hill, PA  17011

Item 2(a).   Name of Person Filing:

             Tudor Investment Corporation ("TIC")
             Paul Tudor Jones, II
             Tudor Proprietary Trading, L.L.C. ("TPT")
             The Tudor BVI Global Portfolio Ltd. ("BVI Portfolio")
             The Raptor Global Portfolio Ltd. ("Raptor Portfolio")
             The Altar Rock Fund L.P. ("Altar Rock")

Item 2(b).   Address of Principal Business Office or, if none, Residence:

             The principal business office of each of TIC and TPT is:

                        1275 King Street
                        Greenwich, CT 06831

             The principal business office of Mr. Jones and Altar Rock is:

                        c/o Tudor Investment Corporation
                        1275 King Street
                        Greenwich, CT 06831

             The principal business office of each of BVI Portfolio and Raptor
             Portfolio is:

                        c/o CITCO
                        Kaya Flamboyan 9
                        P.O. Box 4774
                        Curacao, Netherlands Antilles

Item 2(c).   Citizenship:

             TIC is a Delaware corporation.
             Mr. Jones is a citizen of the United States.
             TPT is a Delaware limited liability company.
             BVI Portfolio and Raptor Portfolio are companies organized under
             the laws of the Cayman Islands.
             Altar Rock is a Delaware limited partnership.

Item 2(d).   Title of Class of Securities:

             Common Stock, par value $1.00

Item 2(e).   CUSIP Number:

             767754104


                                     Page 8





Item 3.  If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
         check whether the person filing is a:
         (a)  [ ] Broker or Dealer registered under section 15 of the Act
         (b)  [ ] Bank as defined in section 3(a)(6) of the Act
         (c)  [ ] Insurance Company as defined in section 3(a)(19) of the Act
         (d)  [ ] Investment Company registered under section 8 of the
                  Investment Company Act
         (e)  [ ] Investment Adviser registered under section 203 of the
                  Investment Advisers Act of 1940
         (f)  [ ] Employment Benefit Plan, Pension Fund which is subject to the
                  provisions of the Employee Retirement Income Security Act of
                  1974 or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F)
         (g)  [ ] Parent Holding Company, in accordance with section
                  240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
         (h)  [ ] Group, in accordance with section 240.13d- 1(b)(1)(ii)(H)

Item 4.  Ownership (As of July 6,2006).

         (a)  Amount Beneficially Owned: See Item 9 of cover pages

         (b)  Percent of Class: See Item 11 of cover pages

         (c)  Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote
                                             See Item 5 of cover pages
                                             -----------------------------------
              (ii)  shared power to vote or to direct the vote
                                             See Item 6 of cover pages
                                             -----------------------------------
              (iii) sole power to dispose or to direct the disposition of
                                                       See Item 7 of cover pages
                                                       -------------------------
              (iv)  shared power to dispose or to direct the disposition of
                                                       See Item 8 of cover pages

              The shares of Common Stock reported herein as beneficially owned
         are owned directly by TPT (2,310,177 shares), BVI Portfolio (4,334,341
         shares), Raptor Portfolio (21,387,922 shares), and Altar Rock (193,460
         shares). Because TIC provides investment advisory services to BVI
         Portfolio and Raptor Portfolio, and is the general partner of Altar
         Rock, TIC may be deemed to beneficially own the shares of Common Stock
         owned by each of such Reporting Persons. TIC expressly disclaims such
         beneficial ownership. In addition, because Mr. Jones is the controlling
         shareholder of TIC and the indirect controlling equity holder of TPT,
         Mr. Jones may be deemed to beneficially own the shares of Common Stock
         deemed beneficially owned by TIC and TPT. Mr. Jones expressly disclaims
         such beneficial ownership.

Item 5.  Ownership of Five Percent or Less of a Class.

             Not applicable

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

             Not applicable

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
           Security Being Reported on By the Parent Holding Company.

             Not applicable

Item 8.  Identification and Classification of Members of the Group.

             See cover pages


                                     Page 9





Item 9.  Notice of Dissolution of Group.

             Not applicable


                                     Page 10





Item 10. Certification.

             By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

             After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.


                                Dated:      July 7, 2006


                                TUDOR INVESTMENT CORPORATION


                                By:        /s/ Stephen N. Waldman
                                     -------------------------------------------
                                     Stephen N. Waldman
                                     Managing Director and Associate General
                                       Counsel



                                     /s/ Paul Tudor Jones, II
                                ------------------------------------------------
                                     Paul Tudor Jones, II



                                TUDOR PROPRIETARY TRADING, L.L.C.


                                By:        /s/ Stephen N. Waldman
                                     -------------------------------------------
                                     Stephen N. Waldman
                                     Managing Director and Associate General
                                       Counsel


                                THE TUDOR BVI GLOBAL PORTFOLIO LTD.

                                By:   Tudor Investment Corporation,
                                      Trading Advisor

                                      By:     /s/ Stephen N. Waldman
                                           -------------------------------------
                                           Stephen N. Waldman
                                           Managing Director and Associate
                                             General Counsel


                                     Page 11





                                THE RAPTOR GLOBAL PORTFOLIO LTD.

                                By:   Tudor Investment Corporation,
                                      Investment Adviser


                                      By:      /s/ Stephen N. Waldman
                                            ------------------------------------
                                            Stephen N. Waldman
                                            Managing Director and Associate
                                              General Counsel

                                THE ALTAR ROCK FUND L.P.

                                By:   Tudor Investment Corporation,
                                      General Partner


                                      By:      /s/ Stephen N. Waldman
                                            ------------------------------------
                                            Stephen N. Waldman
                                            Managing Director and Associate
                                              General Counsel


                                     Page 12