Current:Home > ContactRite Aid closing more locations: 31 additional stores to be shuttered. -Visionary Wealth Guides
Rite Aid closing more locations: 31 additional stores to be shuttered.
View
Date:2025-04-14 03:08:50
Pharmacy chain Rite Aid is shuttering an additional 31 stores in a dozen states, according to a recent bankruptcy court filing.
The company announced more than 150 other store closures last month when it filed for Chapter 11 bankruptcy protection. A Wednesday news release said it operates more than 2,300 retail pharmacy locations across 17 states.
Rite Aid spokesperson Catherine Carter said the stores that will be closing have been underperforming and will be closed “to further reduce rent expense and strengthen overall financial performance.” The company plans to give workers at closing stores the option to transfer to other locations.
Why did Rite Aid file for bankruptcy?
Rite Aid, one of the largest pharmacy chains in the country, filed for bankruptcy in October as it faced slumping sales and more than a thousand federal, state and local lawsuits accusing it of fueling the opioid epidemic by illegally filling painkiller prescriptions.
The company’s stock had dipped more than 95% over the past year and closed up 2.4% Wednesday at $0.22.
Other pharmacies closing
The closures come as the U.S. pharmacy system as a whole struggles to operate efficiently with less staff. Pharmacists at some of the nation’s largest chains have started to protest deteriorating working conditions, with employees at Rite Aid, Walgreens and CVS staging walkouts in recent months.
Other pharmacy chains have also been shuttering stores. Walgreens in July said it planned to close 150 locations in the U.S. and another 300 in the United Kingdom, and CVS in 2021 announced plans to close 300 stores per year over the next three years.
Prescription for disaster:America's broken pharmacy system in revolt over burnout and errors
Which Rite Aid stores are closing?
California:
- 1020 Al Tahoe Blvd. in South Lake Tahoe
- 11230 Donner Pass Road in Truckee
- 1475 41st Ave. in Capitola
- 49060 Road 426 in Oakhurst
- 5747 Kanan Road in Agoura
- 1350 North Vasco Road in Livermore
- 4980 Freeport Blvd. in Sacramento
Connecticut:
- 66 Church St. in New Haven
Maryland:
- 1301 East State St. in Delmar
Michigan:
- 1301 West 14 Mile Road in Clawson
- 3681 Shawnee Road in Bridgman
New Jersey:
- 93 Atlantic Blvd. in Beachwood
- 121 West Main St. in Moorestown
New York:
- 335 Route 25A in Miller Place
- 5825-35 Broadway in Bronx
Nevada:
- 1329 U.S. Hwy 395 North, #1 in Gardnerville
Ohio:
- 5033 Suder Ave. in Toledo
- 4332 Cleveland Ave., NW in Canton
- 501 Water St. in Chardon
Oregon:
- 435 Liberty Street, N.E. in Salem
- 785 South Columbia River Hwy in St. Helens
Pennsylvania:
- 927 Paoli Pike in West Chester
- 821 East Bishop St. in Bellefonte
- 6200 Saltsburg Road in Pittsburg
- 2545 Aramingo Ave. in Philadelphia
Virginia:
- 163 W. Ocean View Ave. in Norfolk
- 7601 Granby St. in Norfolk
- 4501 News Road in Williamsburg
Washington:
- 15801 Pacific Ave. in Tacoma
- 1628 5th Ave. in Seattle
- 691 Sleater Kinney Road SE in Lacey
Spokesperson Carter said the company has not confirmed any decisions on additional store closures at this time.
veryGood! (3)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Halle Bailey Details “Crippling Anxiety” Over Leaving Son Halo for Work After DDG Split
- Walz to unveil Harris’ plan for rural voters as campaign looks to cut into Trump’s edge
- Biobanking Corals: One Woman’s Mission To Save Coral Genetics in Turks and Caicos To Rebuild Reefs of the Future
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Jinger Duggar Is Pregnant, Expecting Baby No. 3 with Husband Jeremy Vuolo
- Human Head Found in Box on Chicago Sidewalk
- Drone footage shows destruction left by tornado ripping through Florida solar farm before Milton
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Jinger Duggar Is Pregnant, Expecting Baby No. 3 with Husband Jeremy Vuolo
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- New lawsuits accuse Sean ‘Diddy’ Combs of sexual assault against 6 people, including a minor
- Yankees ride sluggers and wild pitches to ALCS Game 1 win vs. Guardians: Highlights
- 150 corny Halloween jokes both kids and adults will love this spooky season
- Don't let hackers fool you with a 'scam
- Walgreens to close 1,200 US stores in an attempt to steady operations at home
- Human Head Found in Box on Chicago Sidewalk
- Richard Allen on trial in Delphi Murders: What happened to Libby German and Abby Williams
Recommendation
Trump's 'stop
WNBA not following the script and it makes league that much more entertaining
Walgreens to close 1,200 US stores in an attempt to steady operations at home
The U.S. already has millions of climate refugees. Helene and Milton could make it worse.
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Paul Mescal Reacts to TikTok Theories About His Alleged One-Night Stands
Lowriding is more than just cars. It’s about family and culture for US Latinos
Yankees ride sluggers and wild pitches to ALCS Game 1 win vs. Guardians: Highlights