Rite Aid closes all the remaining stores after submitting bankruptcy twice

The Rite Aid pharmacy chain closed all its sites after it was submitted to bankruptcy in less than two years.

The retailer posted a brief advertisement on his website.

“I have closed all ritual aid stores now,” the website says. “We thank our loyal customers for their many years of support.”

The web site provides former clients a pharmacy and the date of fortification, as well as helping to find pharmacies whose recipes have been transferred to.

AID RITE files for bankruptcy for the second time in less than two years

A pharmacy chain operates in the United States for more than 60 years. The company had opportunities to integrate with Walgrens in 2017 and Albertsons in 2018, but it both rejected, according to Investopedia.

In 1987, Rite Aid was the largest Pharmaceutical Store Series In the United States with more than 2000 stores, according to the financial media site.

AID RITE files for bankruptcy: What is the next for their stores

The pharmacy chain was pushed to provide bankruptcy protection in 2023 due to the escalation of debts and slow sales from the increasing competition along with hundreds of associated lawsuits. A role in the opioid crisis. Rite Aid quickly started the store improvement plan, which immediately included 154 of its 2,284 stores.

Over the course of restructuring, Rite Aid closed hundreds of additional stores, leaving a fingerprint of about 1,245 sites by the time of the second bankruptcy in May 2025.

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The first restructuring reduced the United States Pharmacy series debts, Although it still has $ 2.5 billion of obligations when it appeared as a private company owned by its lenders in 2024. The company also failed to face its long -term commercial challenges of inflationary pressures and increased competition by the Walgrens, CVS, Walmart and Amazon challenges.

Fox Business’ Daniella Genovese contributed to this report.