Current:Home > ContactRite Aid closing more locations: 31 additional stores to be shuttered. -Excel Money Vision
Rite Aid closing more locations: 31 additional stores to be shuttered.
View
Date:2025-04-17 04:25:49
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! (5)
Related
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- NASCAR at WWTR Gateway 2024: Start time, TV, streaming, lineup for Enjoy Illinois 300
- Democrats wanted an agreement on using artificial intelligence. It went nowhere
- Pride Month has started but what does that mean? A look at what it is, how it's celebrated
- US appeals court rejects Nasdaq’s diversity rules for company boards
- 'It needs to stop!' Fever GM, coach have seen enough hard fouls on Caitlin Clark
- California saw 5 earthquakes within hours, the day after Lake County, Ohio, was shaken
- GameStop leaps in premarket as Roaring Kitty may hold large position
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Orson Merrick: Some American investment concepts that you should understand
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Overnight shooting in Ohio street kills 1 man and wounds 26 other people, news reports say
- GameStop leaps in premarket as Roaring Kitty may hold large position
- Black bear found dead in plastic bag near walking trail in Washington, DC, suburb
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Below Deck Med's Captain Sandy Yawn Reveals Which Crewmembers She Misses Amid Cast Shakeup
- LGBTQ representation in government is growing but still disproportionate: Graphics explain
- Save 40% on Skechers, 70% on Tan-Luxe, 65% on Reebok, 70% on Coach & More of Today’s Best Deals
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Yemen's Houthis threaten escalation after American strike using 5,000-pound bunker-buster bomb
Police kill man with gun outside New Hampshire home improvement store
Is a living trust right for you? Here's what to know
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Florida architects prepare for hurricane season and future storms: Invest now or pay later
Taylor Swift performs 'The Prophecy' from 'Tortured Poets' for first time in France: Watch
Shocking revelations from 'Life & Murder of Nicole Brown Simpson' Lifetime documentary