Current:Home > ScamsRite Aid closing more locations: 31 additional stores to be shuttered. -Edge Finance Strategies
Rite Aid closing more locations: 31 additional stores to be shuttered.
View
Date:2025-04-23 06:42:10
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! (83)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Baby boomers are hitting peak 65. Two-thirds don't have nearly enough saved for retirement.
- Tesla shares tumble below $150 per share, giving up all gains made over the past year
- First major attempts to regulate AI face headwinds from all sides
- Louvre will undergo expansion and restoration project, Macron says
- U.K. lawmakers back anti-smoking bill, moving step closer to a future ban on all tobacco sales
- Most student loan borrowers have delayed major life events due to debt, recent poll says
- Chicago’s response to migrant influx stirs longstanding frustrations among Black residents
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Sweeping gun legislation approved by Maine lawmakers following Lewiston mass shooting
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Meet Edgar Barrera: The Grammy winner writing hits for Shakira, Bad Bunny, Karol G and more
- Israel blames Gaza starvation on U.N. as UNICEF says a third of Gazan infants and toddlers acutely malnourished
- New York man pleads guilty to sending threats to state attorney general and Trump civil case judge
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Not only New York casinos threaten Atlantic City. Developer predicts Meadowlands casino is coming
- Canadian police charge 9 suspects in historic $20 million airport gold heist
- Rihanna Reveals Her Ultimate Obsession—And It’s Exactly What You Came For
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
California governor pledges state oversight for cities, counties lagging on solving homelessness
Alleged homicide suspect fatally shot by police in San Francisco Bay Area
Mariah Carey's new Vegas residency manages to be both dazzling and down-to-earth
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Republicans file lawsuit challenging Evers’s partial vetoes to literacy bill
United Arab Emirates struggles to recover after heaviest recorded rainfall ever hits desert nation
These Cookbooks Will Save You From Boring Meals This Summer