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Rite Aid outlines 53 more store closures across 9 states in recent court filings

April 11, 2024
The Hill
Summary
Rite Aid has announced it will close 53 additional store locations across nine states, adding to the approximately 200 stores it has already shuttered since filing for Chapter 11 bankruptcy protection last year. The Philadelphia-based pharmacy chain has been grappling with annual losses for several years and legal challenges related to opioid prescriptions, including a notable settlement with West Virginia for up to $30 million. The recent court filings did not specify a timeline for these closures, and while objections to the store closures could be filed, none had been recorded in the case docket as of the article's publication. This move is part of Rite Aid's broader effort to stabilize its financial situation amidst ongoing operational struggles.
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