Overview
- Rite Aid confirmed this week that its final 89 locations have closed, posting a farewell message that all stores are now shut.
- After two Chapter 11 filings in less than two years, most recently in May 2025, the company cited heavy debt, shrinking sales and opioid-related legal exposure for its collapse.
- During the wind-down this spring, prescription files from more than 1,000 stores were transferred to rivals including CVS, Walgreens, Albertsons and Kroger to maintain access for patients.
- The company’s website now functions primarily as a records portal and referral tool, with other retail services decommissioned following liquidation.
- Founded in 1962 and once operating over 5,000 stores, Rite Aid also sold assets such as the Thrifty Ice Cream brand, and its closures have left some communities facing longer trips for medications.