Court documents released on Friday, June 20th revealed that a new batch of over 100 Rite Aid pharmacies are set to close. As of now, the total number of designated Rite Aid stores to close has exceeded 800.
As part of Rite Aid’s second bankruptcy filing in the last two years, the company has been listing dozens of stores to be closed each week.
The first bankruptcy filing for Rite Aid occurred on October 15, 2023, followed by a series of store closures. According to court records from June 2025, over 1,000 stores have been listed for closure since the initial bankruptcy, with over 700 added since May.
The list of store closures outlined in Friday’s court documents includes 118 Rite Aid stores across 11 states. Similar to previous closures, these plans are subject to court approval and may face opposition.
The specific closure dates for these stores have not been announced.
Meanwhile, Rite Aid is also in the process of selling some stores and prescription files to other retail pharmacy chains. As part of the bankruptcy proceedings, Rite Aid listed nearly 1,240 stores for sale last month.
As of Monday, Rite Aid’s official website shows a total of 1,204 stores.
Similar retail pharmacy chains are preparing to take over these locations. As part of a bidding process in May, CVS agreed to acquire and operate 64 Rite Aid pharmacies in Idaho, Oregon, and Washington. The final approval of this process is pending, and specific details have yet to be released.
In addition, Walgreens has reached an agreement with Rite Aid to acquire prescription files at certain pharmacy locations in nine states.
In recent years, Rite Aid has been burdened with significant debt, largely stemming from past acquisitions and legal settlements. The company has also faced multiple lawsuits related to allegations of involvement in the opioid crisis, further exacerbating its financial pressures. Additionally, Rite Aid has struggled to compete with large pharmacy chains like CVS and Walgreens, making it challenging to maintain sufficient inventory levels.
(Reference: Report by “Congress Hill Post”)