Facing significant financial challenges, Rite Aid has become the latest major retailer to announce widespread store closures across the U.S. The pharmacy store retailer has been facing financial issues for a while now, which has resulted in a bankruptcy filing and a large-scale shutdown. 70+ closures will take place in Pennsylvania alone.
Highlights
- Rite Aid is set to close its 76 outlets across Pennsylvania following its Chapter 11 bankruptcy filing.
- The drugstore giant will shut down outlets in other locations as well, including California, Oregon, Delaware, and Virginia.
- Rite Aid’s stores would stay open for some time during the proceedings, but shelves could mostly be empty. Gift cards and other benefits for users will also not be available.
Popular Drug Retailer Shuts Down 76 Pennsylvania Stores
Due to ongoing financial setbacks, longtime pharmacy retailer Rite Aid is ready to shutter around 100 stores across the U.S. Out of these, 76 shutdowns will be seen in its locations throughout Pennsylvania.
Rite Aid’s decision comes after it announced the closure of 115 outlets on May 5.
List of Rite Aid Stores That Will Close
From Duncan Ave. to Pittsburg St., Rite Aid will bid goodbye to more than 70 locations across Pennsylvania as given below.
- 4400 Pennell Rd. – Aston
- 170 Saxer Ave. – Springfield
- 304 Depot St. – Latrobe
- 811 East State St. – Sharon
- 417 Chartiers St. – Bridgeville
- 4927 Homeville Rd. – West Mifflin
- 3331 Pleasant Valley Blvd. – Altoona
- 8775 Norwin Ave. – North Huntingdon
- 94 June Drive – Roaring Spring
- 20480 Route 19 – Cranberry Township
- 1125 Freeport Rd. – Pittsburgh
- 4145 Buffalo Rd. – Erie
- 4606 Admiral Peary Hwy – Ebensburg
- 2336 Ardmore Blvd. – Pittsburgh
- 139 South Main St. – Butler
- 7345 Saltsburg Rd. –Penn Hills
- 5430 Peach St. – Erie
- 1303 Shoemaker St. – Nanty Glo
- 3550 Route 130 – Irwin
- 1020 Liberty Str. – Franklin
- 1799 Third St. – Beaver
- 1701 Duncan Ave. – Allison Park
- 1120 Philadelphia Ave. – Northern Cambria
- 113 West Main St. – West Newton
- 1851 East State St. – Hermitage
- 2655 E Carson St. – Pittsburgh
- 4155 Ewalt Rd. – Gibsonia
- 513 Perry Highway – Pittsburgh
- 1501 Scalp Ave. – Johnstown
- 9141 Ridge Rd. – Girard
- 300 Market St. – Elizabeth
- 2270 Noblestown Rd. – Pittsburgh
- 4111 William Penn Hwy. – Monroeville
- 431 Commons Drive – Dubois
- 700 Sharon New Castle Rd. – Farrell
- 802 Pennsylvania Ave. – Pittsburgh
- 5100 Library Rd. – Bethel Park
- 1700 Pine Hollow Rd. – Mckees Rocks
- 335 Main St. – Greenville
- 600 William Marks Drive – Munhall
- 1236 Long Run Rd. – White Oak
- 446 West Main St. – Monongahela
- 3200 Oregon Drive – Lower Burrell
- 412 Broadway St. – Coraopolis
- 975 Market St. – Meadville
- 3730 Brighton Rd. – Pittsburgh
- 2470 Bedford St. – Johnstown
- 925 West Erie Plaza – Erie
- 1800–1814 Morningside Ave. – Pittsburgh
- 201 Devine Drive – Wexford
- 4185 Washington Rd. – Mcmurray
- 407 Central Ave. – Johnstown
- 503 Clifton Rd. – Bethel Park
- 221 Grove City Rd. – Slippery Rock
- 5633 Baum Blvd. – Pittsburgh
- 410 Cooke Lane – Pittsburgh
- 1440 East High St. – Waynesburg
- 1200 Pittsburgh St. – Cheswick
- 568 Caste Village – Pittsburgh
- 135 South Market St. – New Wilmington
- 880 Butler St. – Pittsburgh
- 101 5th St. – Charleroi
- 2302 Sheffield Rd. – Aliquippa
- 1700 Murray Ave. – Pittsburgh
- 6375 Library Rd. – South Park
- 3210 Banksville Rd. – Pittsburgh
- 1710 Mount Royal Blvd. – Glenshaw
- 3434 William Penn Highway – Pittsburgh
- 1520 N Main St. Ext – Butler
- 900 Mount Royal Blvd. – Pittsburgh
- 100 Seven Fields Blvd – Seven Fields
- 1130 Perry Highway Ste 35 – Pittsburgh
- 517 Beaver St. – Sewickley
- 109 Allegheny River Blvd. – Oakmont
- 200 Greater Butler Mart – Butler
- 5504 Walnut St. – Pittsburgh
Closures Follow After Bankruptcy Filing by Rite Aid
The drugstore giant filed for Chapter 11 bankruptcy this month, citing maximization of value through the sale process of its assets. Rite Aid is planning to sell its stores to CVS. Plus, the longtime retailer will transfer prescription files of its 1,000+ outlets to pharmacy giants like Walgreens, Giant Eagle, Kroger, and Albertsons.
All the drugstore giant’s transactions will, however, need the approval of the U.S. Bankruptcy Court for the District of New Jersey.
Against this backdrop, it should be noted that Rite Aid had previously filed for bankruptcy in October 2023. Following it, the drugstore chain’s locations came down to 1,200 from an earlier 2,300. However, not much changed, which forced Rite Aid to file for Chapter 11 bankruptcy this year.
Impacts on Employees and Customers of the Drugstore Giant
While Rite Aid is set to close in Pennsylvania, the drugstore brand plans to keep shops open for the coming few months. The pharmacy retailer claimed that it had acquired around $1.94 billion for enabling the stores to operate during its bankruptcy proceedings. Employees at Rite Aid would also be getting paid while it goes through the sale and other proceedings.
However, the pharmacy retail chain will not buy new inventory, which could result in empty shelves at the open outlets. Additionally, the Philadelphia-based drugstore chain will not offer Rite Aid Rewards points. BonusCash and existing points will also expire based on Rite Aid’s terms and conditions.
The longtime pharmacy store chain will also not accept Rite Aid gift cards, exchanges, or returns starting June 5.
Rite Aid’s Closures in Other U.S. Locations
Apart from Pennsylvania, Rite Aid will carry out the shutdown process of its outlets in other U.S. locations as listed below.
California
- 1583 Highway 99 – Gridley
- 2140 Contra Costa Blvd. – Pleasant Hill
- 37435 Main Street – Burney
- 3105 Rancho Vista Boulevard – Palmdale
Maryland
- 2801 Foster Ave. – Baltimore
- 25 Jones Station Rd. – West Severna Park
- 101 Marlboro Ave Ste 15 – Easton
Virginia
- 2600 Weir Place – Chester
- 520 West Broad St. – Richmond
- Warwick Shopping Center – Newport News
- 3701 Kecoughtan Rd. – Hampton
- Cape Henry Sc – Virginia Beach
- 421 Wythe Creek Rd. – Poquoson
Oregon
- 4500 Commercial St., S.E. – Salem
- 1430 Nw Garden Valley Blvd – Roseburg
- 1900 McLoughlin Blvd. – Oregon City
- 16261 South Highway 101 – Harbor
- 2336 North Coast Highway – Newport
Delaware
- 38169 Dupont Blvd. – Selbyville
Rite Aid’s large-scale closures in Pennsylvania and other U.S. locations hint at the drugstore chain’s worsening financial conditions. The second bankruptcy filing alongside an inventory decrease and expiring rewards for buyers reflects its deepening troubles that can continue in the coming months.
