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American Drugstore Chain Rite Aid Shuts Down Its Last Locations
The prominent American pharmacy retailer Rite Aid has announced the closing of its last outlets.
This past Saturday, the firm's online portal was replaced with a message confirming: "Every Rite Aid locations have currently closed. We thank our loyal patrons for their many years of support." The website also included a option for patrons to obtain their prescription files.
Established in 1962, the company was once a leading drugstore retailers in the country. During its prime, Rite Aid counted up to 5,000 stores.
But in recent years, the company faced financial struggles and a Justice Department investigation. Recent data showed fewer than 100 stores were still open.
Rite Aid had entered Chapter 11 in late 2023 and again in May 2025.
The firm also faced legal issues over its role in the opioid crisis. In 2022, Rite Aid agreed to pay up to $30 million to resolve legal claims alleging it fueled the flow of opioids in the US.
A year later, in its 2023 bankruptcy submission, the firm stated that reorganization would help it "resolve litigation claims."
Rite Aid also faced a federal complaint in which authorities claimed the firm's stores processed unlawful orders for oxycodone and fentanyl. The firm agreed to resolution in mid-2024.
Additional American drugstore chains have likewise been closing retail locations throughout the country, though various factors have been mentioned.
From 2021 onward, CVS has shut down more than 1,000 stores as part of a broader initiative.
Separately, Walgreens, which was recently purchased by private equity firm Sycamore Partners, closed 500 stores in the last twelve months.
Analysts have raised concerns about growing "drugstore dead zones" in the United States, where millions of people reside lacking a drugstore nearby and must commute to have prescriptions filled.
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