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    • 63 stores

      • Rite Aid will close at least 63 stores next year, the pharmacy chain announced in a financial report filed this month. The company, which will move its corporate headquarters from Camp Hill, Pennsylvania, to Philadelphia’s Navy Yard sometime next year, operates 2,500 stores in 19 states, employing more than 51,000 people.
      whyy.org/articles/rite-aid-and-cvs-to-close-stores-in-2022-what-is-driving-the-downturn/

      Rite Aid and CVS to close stores in 2022 - WHYY

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  3. www.newsweek.com › rite-aid-bankruptcy-explainedRite Aid Bankruptcy Explained: Three Reasons Why Pharmacy ...

    • Giulia Carbonaro
    • 1 min
    • 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.

  4. www.forbes.com › sites › brucejapsenRite Aid To Close 145 ‘Unprofitable’ Stores - Forbes

    Apr 14, 2022 · Rite Aid will close 145 “unprofitable stores” in ongoing cost-cutting moves designed to help the pharmacy chain be more competitive.

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  6. www.cbsnews.com › news › rite-aid-closing-storesRite Aid is closing more than 150 stores. Here's where they ...

    Oct 18, 2023 · Rite Aid plans to shutter 154 stores nationwide as part of its recent bankruptcy filing, including about 40 locations in its home state of Pennsylvania. The pharmacy chain listed every location...

    • khristopher.brooks@paramount.com
    • 21 sec

  7. www.convenience.org › Media › DailyRite Aid to Shutter 145 ‘Unprofitable’ Stores | NACS

    Apr 19, 2022 · April 19, 2022. ALEXANDRIA, Va.—Rite Aid announced it will close 145 “unprofitable stores,” so it can “significantly reduce costs,” reports Forbes. Rite Aid says the closures will help it be more competitive. The 145 stores includes 63 stores the company announced in December that it would close.

  8. www.usatoday.com › story › moneyRite Aid stores closing: Full list of locations shutting down

    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. Court filings in October identified 154...

  9. whyy.org › articles › rite-aid-and-cvs-to-closeRite Aid and CVS to close stores in 2022 - WHYY

    Dec 31, 2021 · Rite Aid will close at least 63 stores next year, the pharmacy chain announced in a financial report filed this month. The company, which will move its corporate headquarters from Camp Hill, Pennsylvania, to Philadelphia’s Navy Yard sometime next year, operates 2,500 stores in 19 states, employing more than 51,000 people.

  10. www.businessinsider.com › rite-aid-bankruptcyRite Aid Plans to Close 154 Stores As Part of Bankruptcy ...

    Oct 17, 2023 · Rite Aid is slated to shutter 154 stores as part of its Chapter 11 bankruptcy. The drugstore chain identified the underperforming locations in a court filing Monday.

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