It was a rude stretch of large medicinal chains.
CVS, Walgreens and Rite Aid are all in the middle of the mass closure, and Rite Aid has recently filed bankruptcy proceedings for a second time.
The closure of the Mass exceeds the retail pharmacy space, but other companies such as Forever 21, Joann, Macy’s, Denny’s, Bahama Breeze and more announced that they will close places this year.
Here are the latest CVS, Walgreens and Rite AIDs, including how many stores each company plans to close.
Rite Aid announced that she had again submitted the bankruptcy of Chapter 11 on May 5, the second time since 2023. October Bankruptcy cases found that Rite Aid, 316 stores, helped to close.
May 15 Rite Aid stated that it “successfully concluded many sales agreements and pharmacy services transition agreements, which includes the transition from the pharmacy from places across the US to the CVS pharmacy, Walgreens, Albertsons, Kroger, Giant Eagle and other operators. Rite Aid and Bartell drug stores in some states will also control CVS Pharmacy as part of the sales agreement approved on May 21. New Jersey in the US bankruptcy court, according to Rite Aid’s bankruptcy document.
Transfer from prescription files, Rite Aid said its stores would remain open and that customers can continue to use their pharmacy services, including recipe addition and vaccination. Before the bankruptcy was submitted, Rite Aid was operating in 1,240 stores in 15 states.
“Rite’s main priority is to ensure that as many our loyal customers as possible and continue to receive pharmacy services and care they need without interruption,” said Matt Schroeder, CEO of Rite Aid. “These arrangements ensure that our pharmacy customers experience a smooth transition by preserving jobs for some of our team members.”
Rite Aid has customers’ customers for 810 stores, but according to Reuters, did not find 200 other places for the buyer of files. Although the deadline to introduce the Rite Aid pharmacy property offers (May 13), the deadline for submission of the remaining network assets, including the Thrifty Ice Cream business, is June 13, and the auction date is set on June 20.
Rite Help closing: Now more than 300 Rite Aid stores are closed: here’s the full list
Walgreens Boots Alliance 2024 October It has been announced to close their plans to close about 1,200 stores across the US as the pharmacy network is fighting the decline in consumer costs.