Rite Aid Closes All of Its Remaining Stores 5 Months After Filing for Bankruptcy



NEED TO KNOW

  • Rite Aid announced that all its stores are closed
  • The closure comes after the company filed for Chapter 11 bankruptcy in May 2025
  • Former customers can request pharmacy records and find a new pharmacy on the Rite Aid website

Rite Aid has officially closed all its stores.

“We thank our loyal customers for their many years of support,” reads a message on the national pharmacy retailer’s website. Former customers can still use the site to find a new pharmacy and request their pharmacy records.

As of Tuesday, Sept. 30, the company operated 89 stores across 78 cities, according to the data company ScrapeHero

Rite Aid filed for Chapter 11 bankruptcy protection in October 2023 and closed 154 stores at the time, per The New York Times. The company filed for bankruptcy protection again in May.

The company was “pursuing a strategic and value-maximizing sale process for substantially all of its assets,” Rite Aid CEO Matt Schroeder said in May, per USA Today. “As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible.”

Last week, Schroder announced on LinkedIn that he is now the Chief Financial Officer for Spotless Brands.

A Rite Aid store in Huntington Woods, Michigan, US, on Wednesday, July 31, 2024.

Emily Elconin/Bloomberg via Getty


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Rite Aid was founded in 1962 in Scranton, Penn. It operated over 5,000 stores at its height of success. By 2023, the company had 2,000 stores, with 45,000 employees, and of those employees, 6,100 were pharmacists. By May 2025, there were only 1,240 operating locations in 15 states.

Between 2010 and 2021, nearly a third of drugstores across the U.S. have closed, according to a study in the Health Affairs journal. In the last few years, around 1,000 stores operated by both CVS and Walgreens have closed, per CNN.

Rite Aid also auctioned off its in-house ice cream brand, Thrifty Ice Cream. In July, Hilrod Holdings paid $19.2 million for the brand, per USA Today.

Credit to Nypost AND Peoples

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