Rite Aid has officially closed all of its remaining stores following two bankruptcies within two years. The company announced that all locations have now shut their doors, while assuring customers that pharmacy records remain accessible and prescriptions have been transferred to partner pharmacies.
Once a major U.S. retail pharmacy chain, Rite Aid’s footprint steadily declined due to
mounting debt, fierce competition, and legal challenges tied to its alleged role in the opioid crisis. The company previously closed hundreds of locations during its first restructuring, but continued to struggle under heavy liabilities.
Despite exploring potential mergers in the past, Rite Aid was unable to stabilize operations. With competition from major rivals like CVS, Walgreens, Walmart, and Amazon intensifying, the company ultimately could not recover—marking the end of its more than 60-year presence in the retail pharmacy landscape.
*Article courtesy of FoxBusiness
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