Rite Aid to Shutter Hundreds of Stores Across the Country

Herbie J Pilato
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Overview

According to NJ.com and the Wall Street Journal, the Rite Aid pharmacy chain is shuttering 400 to 500 stores across the country due to its debt and bankruptcy.

A Closer Look

With over $3.3 billion in debt, as documented by Forbes.com, Rite Aid is facing several federal lawsuits regarding its alleged oversupply of opioid.

The exact locations of the Rite Aid locations to be closed have yet to be revealed. However, the Morristown Rite Aid on 213 South Street closed suddenly, stunning employees with just a few day’s notice.

Conclusion

The multiple, country-wide closings of Rite Aid are indicative of the increasing economic challenges of various business operations across the U.S.

[Note: This article is based on accredited news and media reports, including linked information attributed to NJ.com, and Wikipedia.org.]


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Herbie J Pilato is the author of several books about pop culture including the newly-published CONNERY, SEAN CONNERY biography, the revised BIONIC BOOK, RETRO ACTIVE TELEVISION, THE 12 BEST SECRETS OF CHRISTMAS, MARY: THE MARY TYLER MOORE STORY, TWITCH UPON A STAR, and more. He's also a TV writer/producer, and has worked for Reelz, Bravo, E!, TLC, and hosted THEN AGAIN WITH HERBIE J PILATO, the hit classic TV talk show (which premiered on Amazon Prime in 2019).

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