Bankruptcy Forces Rite Aid To Close 31 More ‘Underperforming’ Locations

Herbie J Pilato
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Overview

According to The-Sun.com, Rite Aid pharmacies, in the wake of its bankruptcy, will close an additional 31 stores across the country. This development arrives one month following the pharmaceutical giant's recent closure of 150 other U.S. locations.

A Closer Look

As documented by USAToday.com, a Rite Aid representative said the closings were due to underperformance and “to further reduce rent expense and strengthen overall financial performance.”

Rite Aid has approximately half as many active pharmacies as it did in 2013, while more than 200 locations have shuttered since 2021.

Conclusion

The last few years, particularly this year of 2023, have seen the closure of countless business operations; a sad development, indicative of the pandemic residue, and the subsequent increasing economic challenges around the country and throughout the world. The Rite Aid closings now compound the issue.

[Note: This article is based on accredited news and media reports, including linked information attributed to The-Sun.com and USAToday.com.],


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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).

Los Angeles, CA
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