Panic as Rite Aid abruptly shuts ALL stores in two states - with customers scrambling to find a new pharmacy
7 months ago

Panic as Rite Aid abruptly shuts ALL stores in two states - with customers scrambling to find a new pharmacy

Daily Mail  

Rite Aid has now shut all the stores it once had in Michigan and Ohio - meaning tens of thousands of customers need to find new pharmacies. It's unclear when Rite Aid will emerge from bankruptcy, but it plans to return with about 1,300 stores total, a far cry from when it operated 5,059 locations in 2008. Upon seeking bankruptcy protection last October, Rite Aid announced it would initially shutter 154 underperforming retail locations across over a dozen states. Over the past nine months, it shut an additional 618 Three people browse the sparse shelves of a Brooklyn Rite Aid in August 2023, months before it would declare bankruptcy A woman browses the shelves of a Rite Aid in Alhambra, California on October 18, 2023. This store was due to close in days following the bankruptcy announcement on October 15 Rite Aid was once the the third largest drugstore chain in the country, operating over 5,000 locations across the US.

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History of this topic

Large US pharmacy chain to close more stores
8 months, 3 weeks ago

Large US pharmacy chain to close more stores

China Daily  

FILE PHOTO: A Walgreens logo is seen outside its store in New York City, September 18, 2013. REUTERS/Mike Segar /File Photo Walgreens, one of the largest pharmacy chains in the United States, announced plans on Thursday to close a substantial number of its approximately 8,600 locations over the next three years because they are "underperforming". We are at a point …

Walgreens to take a hard look at underperforming stores, could shutter hundreds more
8 months, 3 weeks ago

Walgreens to take a hard look at underperforming stores, could shutter hundreds more

Associated Press  

Walgreens is finalizing a plan to fix its U.S. business that could result in closing hundreds of additional stores over the next three years. CEO Tim Wentworth told analysts Thursday morning that “changes are imminent” for about 25% of the company’s stores, which he said were underperforming. Wentworth said the company’s plan could include the closing of a “significant portion” …

Rite Aid announces 77 store closures to bring total in six months to 431 - is YOUR local pharmacy affected?
1 year ago

Rite Aid announces 77 store closures to bring total in six months to 431 - is YOUR local pharmacy affected?

Daily Mail  

Another 77 Rite Aid stores will close as part of the retailer’s voluntary bankruptcy. The closures, announced in seven court filings so far this year, will affect stores across 21 states, including California, Pennsylvania, New York and Texas. Here is how they break down per state - or scroll down to the bottom of the article for a full list …

Rite Aid lays out plan to close 154 stores initially as it seeks bankruptcy protection
1 year, 5 months ago

Rite Aid lays out plan to close 154 stores initially as it seeks bankruptcy protection

Associated Press  

Rite Aid plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process. Rite Aid said in a recent Securities and Exchange Commission filing that it has more than 2,200 locations in 17 states. Rite Aid said in its Tuesday bankruptcy court filing that it also may close additional …

Rite Aid to close 31 California stores in bankruptcy, pulling out of some cities entirely
1 year, 5 months ago

Rite Aid to close 31 California stores in bankruptcy, pulling out of some cities entirely

LA Times  

As Rite Aid restructures its debt in Chapter 11 bankruptcy, it will close 154 locations in 15 states, including 31 in California. Rite Aid customers in Los Angeles, Orange and Ventura counties are losing neighborhood stores, among 154 locations in 15 states that the pharmacy chain is shutting down as part of its bankruptcy process. With 31 stores slated for …

Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
1 year, 5 months ago

Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’

Associated Press  

Rite Aid’s plan to close more stores as part of its bankruptcy process could hurt access to medicine and care, particularly in some majority Black and Hispanic neighborhoods and in rural areas, experts say. When drugstore chains shutter stores, they often target locations in lower-income, Black and Latino neighborhoods with people covered through government-funded insurance programs like Medicaid, said Dima …

Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
1 year, 5 months ago

Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’

LA Times  

Rite Aid’s bankruptcy plan to close more stores raises concerns about how that might hurt access to medicine and care. Rite Aid’s plan to close more stores as part of its bankruptcy process could hurt access to medicine and care, particularly in some majority Black and Latino neighborhoods and in rural areas, experts say. When drugstore chains shut stores, they …

Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits and losses
1 year, 5 months ago

Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits and losses

Associated Press  

Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. The company said Rite Aid stores will continue to fill prescriptions, and customers will still be able to visit its locations or shop online while it goes through its voluntary Chapter 11 process. …

Rite Aid files for bankruptcy, will shut ‘underperforming’ stores as it retrenches
1 year, 5 months ago

Rite Aid files for bankruptcy, will shut ‘underperforming’ stores as it retrenches

LA Times  

A Rite Aid in Redondo Beach. Major U.S. pharmacy chain Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. The plan will “significantly reduce the company’s debt” while helping to “resolve litigation claims in an equitable manner,” …

Merger cancellation pushes Rite Aid into uncertain future
6 years, 7 months ago

Merger cancellation pushes Rite Aid into uncertain future

Associated Press  

Rite Aid shares plunged Thursday as the company headed into an uncertain future after calling off its merger with the grocer Albertsons. But Rite Aid is down to around 2,500 stores mostly on the East and West coasts after selling nearly 2,000 to bigger rival Walgreens Boots Alliance Inc. And it doesn’t operate one of the nation’s largest PBMs like …

Walgreens, Rite Aid combo to spread drugstore health kick
9 years, 4 months ago

Walgreens, Rite Aid combo to spread drugstore health kick

Associated Press  

Walgreens will use its $9.41 billion takeover of rival Rite Aid to spread its philosophy on making drugstores destinations for customers looking to stay healthy or buy beauty products. But they will likely see some store closures or name changes and fewer brand choices after Walgreens Boots Alliance Inc. adds the nation’s third-largest drugstore chain to its portfolio. They also …

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