Rite Aid announces closure of all U.S. stores
Rite Aid Corp. posted on its U.S. website that all Rite Aid locations have closed, marking the effective end of the decades-old pharmacy chain. The move follows the company's May 2025 bankruptcy filing (its second since October 2023), a restructuring that included $3.45 billion in new financing, planned closures of 154 stores, and the shuttering of more than 520 pharmacies since late 2023; the Justice Department previously filed civil complaints in 2023 alleging unlawful prescription-filling practices.
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📌 Key Facts
- Rite Aid posted: 'All Rite Aid stores have now closed' on the company website (primary source cited by CBS News)
- Company filed for bankruptcy in May 2025 after an earlier October 2023 filing; obtained $3.45 billion in fresh financing during restructuring
- Planned closures included 154 stores after the May filing; more than 520 Rite Aid pharmacies have closed since October 2023 (about a quarter of the 2,111 open at time of the earlier bankruptcy filing)
- DOJ filed a complaint in March 2023 accusing Rite Aid of violating the False Claims Act and the Controlled Substances Act related to prescription practices