Rite Aid Closes All Stores After Tumultuous Bankruptcies
Rite Aid, once a behemoth U.S. drugstore chain, has shuttered all its locations following a tumultuous period of closures and bankruptcies. The company's current ownership status remains unclear, with no explicit details provided after its recent struggles.
Rite Aid's decline began with two bankruptcy filings in the past two years. Following these, the company sold its pharmacy services to major competitors such as CVS Pharmacy, Walgreens, Albertsons, and Kroger. Despite opportunities to merge with Walgreens in 2017 and Albertsons in 2018, Rite Aid declined both offers.
The company's website now offers former customers access to their pharmacy and immunization history, a testament to its once extensive reach. At its peak in 1987, Rite Aid boasted over 2,000 stores, making it the largest drug store chain in the U.S.
After more than 60 years in operation, Rite Aid has closed all its locations, marking the end of an era for the once-dominant drugstore chain. The company's website acknowledges the closures and expresses gratitude to its customers for their support.
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