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3d ago

Rite Aid Shutters All Stores After Second Bankruptcy

The website now directs customers to prescription records as the court-supervised wind-down continues.

After more than six decades in business, Rite Aid has shut down all of its remaining stores — including about two dozen in the Bay Area — closing the book on one of America’s most recognizable pharmacy chains.
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All Rite Aid stores in the nation have been closed, the company announced this weekend on its website. (Nia Meyers/Staff)

Overview

  • The company posted a farewell message confirming all locations are closed, with online access to prescription and immunization histories plus guidance on successor pharmacies.
  • The final 89 stores closed last week, concluding a months-long process that sold most pharmacy operations and transferred prescription files from over 1,000 stores to CVS, Walgreens, Albertsons, Kroger, and regional buyers.
  • Rite Aid sought Chapter 11 protection twice in less than two years, and despite a 2024 restructuring it still carried roughly $2.5 billion in liabilities after securing fresh financing.
  • Opioid-related litigation compounded the strain: the DOJ filed a 2023 complaint, a 2024 settlement set a $7.5 million payment without admission of wrongdoing, and most remaining claims are now handled in the bankruptcy process.
  • Closures are reshaping local pharmacy access in areas from the Bay Area to Maryland, while the Thrifty Ice Cream brand was sold at auction to Hilrod Holdings for $19.2 million.