Particle.news
Download on the App Store
7 ARTICLES
·
2h ago

Rite Aid Confirms Nationwide Shutdown After 62 Years

The company’s website now confirms the shutdown, directing customers to replacement pharmacies.

The Rite Aid pharmacy at the corner of Pennsylvania Avenue and Cedar Street in the Town of Southport is among several Elmira area Rite Aid locations that will close this summer when the company goes out of business.
Image
Image
Image

Overview

  • The final stores in Washington and Oregon closed on Sept. 29 after the chain shrank from 2,451 locations in 2022 to 89 by early September 2025.
  • Following its May 2025 Chapter 11 filing, Rite Aid transferred prescription files to competitors, with CVS buying 64 stores in the Pacific Northwest and 625 prescription files across 15 states.
  • Rite Aid also executed transition agreements steering customers to Walgreens, Albertsons, Kroger and Giant Eagle to preserve pharmacy access.
  • The company filed for bankruptcy in October 2023 and again in May 2025 before liquidating, citing heavy debt, declining sales, inventory shortages and opioid‑related liabilities, including a reported $410 million settlement.
  • Bartell Drugs, acquired by Rite Aid in 2020, also shut down, with some locations rebranded by CVS as consolidation reshapes the retail pharmacy landscape.