SCHEDULE 13G  
  
Amendment No. 1  
Rite Aid Corporation  
common stock  
Cusip # 767754104  
Filing Fee: No  
 
 
Cusip # 767754104  
Item 1:	Reporting Person - FMR Corp. - (Tax ID:  04-2507163)  
Item 4:	Commonwealth of Massachusetts  
Item 5:	18,833  
Item 6:	None  
Item 7:	7,934,389  
Item 8:	None  
Item 9:	7,934,389  
Item 11:	9.38%  
Item 12:	HC   
  
  
 
 
Cusip # 767754104  
Item 1:	Reporting Person - Edward C. Johnson 3d - (Tax ID:  ###-##-####)  
Item 4:	United States of America  
Item 5:	None  
Item 6:	None  
Item 7:	7,934,389  
Item 8:	None  
Item 9:	7,934,389  
Item 11:	9.38%  
Item 12:	IN   
  
  
 
 
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS  
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)  
  
  
Item 1(a).	Name of Issuer:  
  
		Rite Aid Corporation  
  
Item 1(b).	Name of Issuer's Principal Executive Offices:  
  
		30 Hunter Lane    
		Camp Hill, PA  17011-2404  
  
Item 2(a).	Name of Person Filing:   
  
		FMR Corp.  
  
Item 2(b).	Address or Principal Business Office or, if None, Residence:  
  
		82 Devonshire Street, Boston, Massachusetts  02109  
  
Item 2(c).	Citizenship:  
  
		Not applicable  
  
Item 2(d).	Title of Class of Securities:  
  
		Common Stock  
  
Item 2(e).	CUSIP Number:    
  
		767754104  
  
Item 3.	This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and the  
person filing, FMR Corp., is a parent holding company in accordance  
with Section 240.13d-1(b)(ii)(G).  (Note:  See Item 7).  
  
Item 4.	Ownership  
  
	(a)	Amount Beneficially Owned: 
	7,934,389  
  
	(b)	Percent of Class: 
	9.38%  
  
	(c)	Number of shares as to which such person has:    
  
	(i)	sole power to vote or to direct the vote: 
	18,833  
  
	(ii)	shared power to vote or to direct the vote: 
	None  
  
	(iii)	sole power to dispose or to direct the disposition of: 
	7,934,389  
  
	(iv)	shared power to dispose or to direct the disposition of: 
	None  
  
  
 
 
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.  
  
	Various persons have the right to receive or the power to  
direct the receipt of dividends from, or the proceeds from the  
sale of, the common stock of Rite Aid Corporation.  The  
interest of one person, Fidelity Magellan Fund, an investment  
company registered under the Investment Company Act of 1940, in  
the common stock of Rite Aid Corporation, amounted to 5,564,300  
shares or 6.58% of the total outstanding common stock at  
December 31, 1994.    
  
Item 7.	Identification and Classification of the Subsidiary Which Acquired  
the Security Being Reported on By the Parent Holding Company.  
  
	See attached Exhibit(s) A and B.  
  
Item 8.	Identification and Classification of Members of the Group.  
  
	Not applicable, see attached Exhibit A.   
  
Item 9.	Notice of Dissolution of Group.  
  
	Not applicable.  
 
 
Item 10.	Certification.  
  
	By signing below I certify that, to the best of my knowledge  
and belief, the securities referred to above were acquired in  
the ordinary course of business and were not acquired for the  
purpose of and do not have the effect of changing or  
influencing the control of the issuer of such securities and  
were not acquired in connection with or as a participant in any  
transaction having such purpose or effect.  
  
  
Signature  
  
	After reasonable inquiry and to the best of my knowledge and  
belief, I certify that the information set forth in this  
Schedule 13G in connection with FMR Corp's beneficial ownership  
of the common stock of Rite Aid Corporation at December 31,  
1994 is true, complete and correct.   
  
  
  
	February 13, 1995	  
Date  
  
  
  
	/s/Arthur S. Loring  
Signature  
  
  
  
	Arthur S. Loring, Vice  
President	  
Name/Title  
  
  
 
 
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS  
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)  
  
	Pursuant to the instructions in Item 7 of Schedule 13G, Fidelity  
Management & Research Company ("Fidelity"), 82 Devonshire Street, Boston,  
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and an investment  
adviser registered under Section 203 of the Investment Advisers Act of 1940,  
is the beneficial owner of 7,875,456 shares or 9.31% of the common stock  
outstanding of Rite Aid Corporation ("the Company") as a result of acting as  
investment adviser to several investment companies registered under Section 8  
of the Investment Company Act of 1940.  The number of shares of common stock  
of Rite Aid Corporation owned by the investment companies at December 31, 1994  
included 319,860 shares of common stock resulting from the assumed conversion  
of $20,000,000 principal amount of the Convertible LYON (15.993 shares of  
common stock for each 1,000 shares of the LYON).  
  
	The ownership of one investment company, Fidelity Magellan Fund, amounted  
to 5,564,300 shares or 6.58% of the common stock outstanding.  Fidelity  
Magellan Fund has its principal business office at 82 Devonshire Street,  
Boston, Massachusetts 02109.    
  
	Edward C. Johnson 3d, FMR Corp., through its control of Fidelity, and the  
Funds each has sole power to dispose of the 7,875,456 shares owned by the  
Funds.  
  
	Neither FMR Corp. nor Edward C. Johnson 3d, Chairman of FMR Corp., has  
the sole power to vote or direct the voting of the shares owned directly by  
the Fidelity Funds, which power resides with the Funds' Boards of Trustees.   
Fidelity carries out the voting of the shares under written guidelines  
established by the Funds' Boards of Trustees.  
  
	Fidelity Management Trust Company, 82 Devonshire Street, Boston,  
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and a bank as  
defined in Section 3(a)(6) of the Securities Exchange Act of 1934, is the  
beneficial owner of 58,933 shares or 0.07% of the common stock outstanding of  
the company as a result of its serving as investment manager of the  
institutional account(s).    
  
	Edward C. Johnson 3d and FMR Corp., through its control of Fidelity  
Management Trust Company, has sole dispositive power over 58,933 shares and  
sole power to vote or to direct the voting of 18,833 shares, and no power to  
vote or to direct the voting of 40,100 Shares of common stock owned by the  
institutional account(s) as reported above.  
  
	Edward C. Johnson 3d and Abigail P. Johnson each own 24.9% of the  
outstanding voting common stock of FMR Corp.  Mr. Johnson 3d is Chairman of  
FMR Corp.  Various Johnson family members and trusts for the benefit of  
Johnson family members own FMR Corp. voting common stock.  These Johnson  
family members, through their ownership of voting common stock and the  
execution of a family shareholders' voting agreement, form a controlling group  
with respect to FMR Corp.  
  
 
 
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS  
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)  
  
RULE 13d-1(f)(1)  AGREEMENT  
  
	The undersigned persons, on February 13, 1995, agree and consent to the  
joint filing on their behalf of this Schedule 13G in connection with their  
beneficial ownership of the common stock of Rite Aid Corporation at December  
31, 1994.  
  
	FMR Corp.  
	By	/s/Arthur S. Loring  
Arthur S. Loring 
Vice President - Legal  
	Edward C. Johnson 3d  
	By	/s/Arthur S. Loring  
Arthur S. Loring 
Under Power of Attorney dated  
5/17/89 
On File with Schedule 13G for 
Airborne Freight Corp. 9/10/91  
	Fidelity Management & Research Company  
	By	/s/Arthur S. Loring  
Arthur S. Loring 
Sr. V.P. and General Counsel  
	Fidelity Magellan Fund  
	By	/s/Arthur S. Loring  
Arthur S. Loring 
Secretary