Current:Home > ScamsRite Aid closing more locations: 31 additional stores to be shuttered. -BrightFuture Investments
Rite Aid closing more locations: 31 additional stores to be shuttered.
View
Date:2025-04-19 16:11:35
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! (269)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- 'It's go time:' With Bruce Bochy as manager, all's quiet in midst of Rangers losing streak
- Support grows for sustainable development, a ‘bioeconomy,’ in the Amazon
- Iowa man dies while swimming with son in Alaska's Lake Clark National Park
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- WWE star Bray Wyatt, known for the Wyatt Family and 'The Fiend,' dies at age 36
- Philadelphia Zoo welcomes two orphaned puma cubs rescued from Washington state
- Pittsburgh shooting suspect dead after 6-hour standoff
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Publix-style dog bans make it safer for service dogs and people who need them, advocates say
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- One image, one face, one American moment: The Donald Trump mug shot
- Sasheer Zamata's new special is an ode to women, mental health and witches.
- Kristin Smart's killer hospitalized after prison attack left him in serious condition
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- The viral song 'Rich Men North of Richmond' made its way to the RNC debate stage
- Biden proposes vast new marine sanctuary in partnership with California tribe
- 29 Cheap Things to Make You Look and Feel More Put Together
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Emperor Penguin Breeding Failure Linked With Antarctic Sea Ice Decline
Trump is set to turn himself in at Fulton County jail today. Here's what to know about his planned surrender.
What exactly is colostrum, the popular supplement? And is it good for you?
The Grammy nominee you need to hear: Esperanza Spalding
Environmental group suffers setback in legal fight to close California’s last nuclear power plant
Weekly news quiz: From mug shots and debate insults to meme dogs and a giraffe baby
Man Detained Outside of Drew Barrymore’s Home Days After NYC Stage Encounter