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Apotheek chain Rite Aid closed all its locations after submitting bankruptcy twice in less than two years.
The retailer posted a short announcement on her website.
“All stores for rite are now closed,” says the site. “We thank our loyal customers for their many years of support.”
The website offers former customers their pharmacy and immunization history, as well as help finding pharmacies to which their recipes have been transferred.
Rite AID files for the bankruptcy for the second time in less than 2 years
Customers in a Rite AID store in New York, USA, on Monday, October 16, 2023. (Bing Guan / Bloomberg via Getty Images / Getty images)
The drugstore chain had been working in the US for more than 60 years. The company had opportunities to merge with Walgreens in 2017 and Albertsons in 2018, but both rejected, according to Investopedia.
In 1987, Rite Aid was the largest drugstore chain in the US with more than 2,000 stores, according to the Financial Media website.
Rite AID files for bankruptcy: what is the next step for its stores
A Rite Aid store in Oak Park, Michigan, USA, on Wednesday 31 July 2024. (Emily Elconin / Bloomberg / Getty images)
The pharmacy chain was driven to submit bankruptcy protection in 2023 due to the increasing debts and slow sale of increased competition in combination with hundreds of lawsuits connected to his Roll in the opioid crisis. Rite Aid quickly started a store optimization plan in which 154 of its 2,284 stores were immediately closed.
In the course of the restructuring, Rite Aid closed hundreds of extra stores, making it a footprint of approximately 1,245 locations by the time of his second bankruptcy application in May 2025.
A person leaves a rite help on October 16, 2023, in the Crown Heights of the Brooklyn Borough of New York City. (Michael M. Santiago / Getty images)
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The first restructuring reduced the US the fault of the apotheek chain, Although it still had $ 2.5 billion in obligations when it emerged as a private company that was owned by his lenders in 2024.
