Rite Aid is closing all of its stores after more than six decades in business
Rite Aid has officially shut down all of its stores after filing for bankruptcy twice in less than two years.The pharmacy chain posted a simple message on its website: “All Rite Aid stores have now closed. We thank our loyal customers for their many years of support.” The site also provides former customers access to their pharmacy and immunization records, along with information on where their prescriptions have been transferred.
It’s a stunning end for a company that once dominated the U.S. drugstore market. Founded more than 60 years ago, Rite Aid grew into the nation’s largest drugstore chain by 1987, boasting over 2,000 locations. The filed bankruptcy in 2023 and tried downsizing to save the company.
The company had chances to merge with Walgreens in 2017 and Albertsons in 2018 but walked away from both deals, according to Investopedia.
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4 comments:
Sad been around since i was a baby, like sears and Kmart, so sad!
It really doesn't make any sense.
At some point, maybe there will be some information about it. Right now, it's just a mystery.
@6:22...It could not compete with the big corporations.
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