REPORT: Longtime pharmacy franchise closing all locations after decades in business

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From CBS News: Rite Aid is closing all locations, according to a recent post on the U.S. pharmacy chain’s website.

“All Rite Aid stores have now closed. We thank our loyal customers for their many years of support,” read a post at the bottom of the Rite Aid website.

Rite Aid filed for bankruptcy in May, the second such filing in nearly two years. The company also filed for bankruptcy in October 2023 and said at the time that the restructuring would “significantly reduce the company’s debt” while helping to “resolve litigation claims in an equitable manner.” Rite Aid said it planned to close down 154 stores after the filing.

The company obtained $3.45 billion in fresh financing as it carried out a restructuring plan and dealt with dips in sales and opioid-related lawsuits.


Based in Scranton, Pennsylvania, Rite Aid was founded in 1962, and had over 5,000 stores at the peak of its operation.

By May 2025, the chain was down to only 1,200 stores.

All remaining stores are now closed, and Rite Aid is no more.

The store’s website does still have a feature for existing customers to request records on their prescription and immunization history, and an option to find a new pharmacy.

In May, Rite Aid announced they had re-entered Chapter 11 to sell all their assets.

READ MORE from CBS News.

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