Current:Home > FinanceRite Aid closing more locations: 31 additional stores to be shuttered. -CapitalWay
Rite Aid closing more locations: 31 additional stores to be shuttered.
View
Date:2025-04-14 03:15:19
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! (276)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- 2 winning Mega Millions jackpot tickets sold at same California gas station
- MLB's big market teams lock in on star free agent pitcher Yoshinobu Yamamoto
- Ciara Gives Birth, Welcomes Baby With Husband Russell
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Mashed potatoes can be a part of a healthy diet. Here's how.
- Honey Boo Boo's Anna Chickadee Cardwell Privately Married Eldridge Toney Before Her Death at 29
- Jennifer Aniston Reveals She Was Texting Matthew Perry Hours Before His Death
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Will Levis rallies Titans for 2 late TDs, 28-27 win over Dolphins
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Ramaswamy was the target of death threats in New Hampshire that led to FBI arrest, campaign says
- The Excerpt podcast: What is the future of Gaza?
- An unpublished poem by 'The Big Sleep' author Raymond Chandler is going to print
- The company planning a successor to Concorde makes its first supersonic test
- Backlash to House testimony shines spotlight on new generation of Ivy League presidents
- Zelenskyy will arrive on Capitol Hill to grim mood as Biden’s aid package for Ukraine risks collapse
- Skier triggers avalanche on Mount Washington, suffers life-threatening injury
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Myanmar’s military government says China brokered peace talks to de-escalate fighting in northeast
Romanian court rejects influencer Andrew Tate’s request to return assets seized in trafficking case
Tucker Carlson says he's launching his own paid streaming service
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Mason Disick Looks So Grown Up in Rare Family Photo
New York pledges $1B on chip research and development in Albany in bid for jobs, federal grants
Supreme Court declines challenge to Washington state's conversion therapy ban for minors