Current:Home > InvestRite Aid closing more locations: 31 additional stores to be shuttered. -AssetLink
Rite Aid closing more locations: 31 additional stores to be shuttered.
View
Date:2025-04-11 21:27:34
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! (1954)
Related
- Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
- Sister Wives Season 19 Trailer: Why Kody Brown’s Remaining Wife Robyn Feels Like an “Idiot”
- US Rep. Ilhan Omar, a member of the progressive ‘Squad,’ faces repeat primary challenge in Minnesota
- Vince Vaughn makes rare appearance with children at Hollywood Walk of Fame ceremony
- Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
- Conservationists try to protect ecologically rich Alabama delta from development, climate change
- The Golden Bachelorette: Meet Joan Vassos' Contestants—Including Kelsey Anderson's Dad
- Want to speed up a road or transit project? Just host a political convention
- How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
- Gwen Stefani cancels Atlantic City concert due to unspecified 'injury'
Ranking
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- Left in Debby's wake: Storm floods homes, historic battlefield
- Horoscopes Today, August 12, 2024
- Paris put on magnificent Olympic Games that will be hard to top
- Where will Elmo go? HBO moves away from 'Sesame Street'
- US wholesale inflation cooled in July in sign that price pressures are continuing to ease
- Plan approved by North Carolina panel to meet prisoner reentry goals
- John Mulaney Confirms Marriage to Olivia Munn
Recommendation
Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
Powerball winning numbers for August 12 drawing: Lucky player wins in Pennsylvania
Hoda Kotb Shares Reason Why She and Fiancé Joel Schiffman Broke Up
How Kate Middleton’s Ring Is a Nod to Early Years of Prince William Romance
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Prince William, Princess Kate congratulate Great Britain's Olympic team
Wisconsin voters to set Senate race and decide on questions limiting the governor’s power
Confrontational. Defensive. Unnecessary. Deion Sanders' act is wearing thin.