Current:Home > InvestRite Aid closing more locations: 31 additional stores to be shuttered. -Global Capital Summit
Rite Aid closing more locations: 31 additional stores to be shuttered.
View
Date:2025-04-22 10:20:21
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! (7154)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Luke Wilson didn't know if he was cast in Kevin Costner's 'Horizon'
- BET says ‘audio malfunction’ caused heavy censorship of Usher’s speech at the 2024 BET Awards
- Paul George agrees to four-year, $212 million deal with Sixers
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Campaign to get new political mapmaking system on Ohio’s ballot submits more than 700,000 signatures
- What to know about the plea deal offered Boeing in connection with 2 plane crashes
- Supreme Court rules ex-presidents have broad immunity, dimming chance of a pre-election Trump trial
- What do we know about the mysterious drones reported flying over New Jersey?
- Pride parades in photos: See how Pride Month 2024 is celebrated worldwide
Ranking
- The Daily Money: Spending more on holiday travel?
- 'Now or never': Bruce Bochy's Texas Rangers in danger zone for World Series defense
- Judge releases transcripts of 2006 grand jury investigation of Jeffrey Epstein’s sex trafficking
- Family of 13-year-old killed in shooting by police in Utica, New York, demands accountability
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Hurricane Beryl maps show path and landfall forecast
- Which states could have abortion on the ballot in 2024?
- Why Fans Are Convinced Travis Kelce Surprised Taylor Swift at Her Dublin Show
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
'Now or never': Bruce Bochy's Texas Rangers in danger zone for World Series defense
Young track phenom Quincy Wilson makes USA's 4x400 relay pool for Paris Olympics
Illegal crossings at U.S.-Mexico border fall to 3-year low, the lowest level under Biden
Could your smelly farts help science?
The Karen Read murder case ends in a mistrial. Prosecutors say they will try again
Richardson, McLaughlin and Lyles set to lead the Americans to a big medal haul at Olympic track
How Michael Phelps Adjusted His Eating Habits After His 10,000-Calorie Diet