Current:Home > ScamsRite Aid closing more locations: 31 additional stores to be shuttered. -LegacyCapital
Rite Aid closing more locations: 31 additional stores to be shuttered.
View
Date:2025-04-15 22:07:00
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! (698)
Related
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- District attorney praises officer who shot man who killed two Black bystanders moments earlier
- Florida GameStop employee fatally shot a fleeing shoplifter stealing Pokemon cards, police say
- Hundreds mourn as Israeli family of 5 that was slain together is laid to rest
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Aaron Nola tosses a gem, Phillies crush Diamondbacks to take commanding NLCS lead
- Jim Jordan lost a second House speaker vote. Here's what happens next.
- SNL debuts with Pete Davidson discussing Israel-Hamas war and surprise cameos by Taylor Swift, Travis Kelce
- Meta releases AI model to enhance Metaverse experience
- Step Inside Pregnant Kourtney Kardashian’s Nursery for Baby Boy Barker
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Burt Young, Oscar-nominated actor who played Paulie in ‘Rocky’ films, dies at 83
- Michigan Gov. Whitmer's office reports breach of summer home
- Magnitude 4.1 earthquake shakes part of Northern California, setting off quake alert system
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- United Airlines plans to board passengers with window seats in economy class first
- Florida police officer charged with sexual battery and false imprisonment of tourist
- I-25 in Colorado set to reopen Thursday after train derailment collapsed bridge and killed trucker
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Neymar suffers torn ACL while playing for Brazil in World Cup qualifying game
Indonesian presidential candidates register for next year’s elections as supporters cheer
Will Smith Speaks Out on Tumultuous Jada Pinkett Smith Relationship
Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
Georgia bodycam video released in fatal police shooting of exonerated man
Why the average American family's net worth increased 37% during the pandemic
Golfer breaks world record for most 18-hole courses played in one year