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- 1 min
- Giulia Carbonaro
- Struggling Sales. According to a court filing with the U.S. Bankruptcy Court for the District of New Jersey, Rite Aid was facing $8.6 billion in debt as of June 3, while listing total assets for $7.65 billion.
- Opioid Lawsuits. Rite Aid is one of several pharmacy chains which have been accused of being involved in the U.S. opioid crisis, which has claimed thousands of lives in recent years.
- Rising Crime in Stores. Another factor that is likely to have played a part in Rite Aid's recent move is a rise in crime in its stores, especially in New York City.
Jan 26, 2024 · Rite Aid is planning to close ten additional stores, adding to the number the company has closed since filing for Chapter 11 bankruptcy in October.
Sep 4, 2024 · Rite Aid said it planned to close down 154 stores after it filed for Chapter 11 protection in October 2023.
- joseph.brandt@paramount.com
- 3 min
- Digital Content Producer, CBS Philadelphia
- Joe Brandt
Jun 20, 2024 · BY Michael Grothaus 1 minute read. Drugstore chain Rite Aid has announced that it is closing even more store locations. The closures are part of ongoing restructuring measures from Rite...
May 3, 2024 · Since filing Chapter 11 in October, Rite Aid has said it will close more than 520 locations, according to a Bloomberg News analysis of court records.
- Jonathan Randles
Nov 30, 2023 · To make sure the Rite Aid by you is still open, you can use the company's store locator tool here. A full list of the latest stores marked for closing follows.
Jun 20, 2024 · Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations are in Ohio and Michigan.
