Rite Aid Closes All Remaining Stores Amid Bankruptcies, Opioid Lawsuits

Benzinga

Rite Aid has shut down all remaining stores, ending its 62-year run as a U.S. pharmacy chain after years of bankruptcy and opioid lawsuits. Once a 5,000-store giant, it had fewer than 100 left before closing. The move adds to worries over growing pharmacy deserts as CVS and Walgreens also scale back locations.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Right-Aid announced it has closed all remaining stores,

00:05marking the end of the 62-year-old pharmacy chain, according to the BBC.

00:08The website now directs customers to request pharmacy records, thanking them for their loyalty.

00:13Once operating 5,000 locations nationwide,

00:16Right-Aid had fewer than 100 stores by Friday after years of financial distress,

00:19pregnancy filings, and opioid-related lawsuits.

00:22The company paid up to $30 million in 2022,

00:25settled allegations that contributed to the opioid crisis,

00:27and agreed to resolve Justice Department claims in 2024,

00:31fulfilling unlawful prescriptions.

00:33CVS and Walgreens have also been closing stores,

00:35dealing concerns about expanding pharmacy deserts across the U.S.

00:39For all things money, visit Benzinga.com.

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