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Rite Aid once had some 2,200 locations in 17 states. The number of stores that are either closed or are about to close amounts to about 10% of the chain's total locations.
Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts.
Rite Aid is closing another roughly 30 locations across the US in addition to the 100 the bankrupt chain announced last month as part of its restructuring efforts.
Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [10] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Philadelphia Inquirer. p. B05. Rite Aid Corp., the nation's largest drugstore operator, is adding another chain to its roster of 2,171 drugstores with an agreement announced yesterday to acquire Lane Drug Co. of Ohio. The agreement calls for Rite Aid to take over 114 drugstores with annual sales of about $125 million.
In late 2010, Rite Aid became a licensed Save A Lot operator when it converted 10 of its existing pharmacies in the Greenville, South Carolina, area to co-branded "Save A Lot/Rite Aid" units.
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- 4004 Tuscarawas St W, Canton, OH · Directions · (330) 479-9620