Rite Aid Closes All Remaining Stores After Bankruptcy

After a tumultuous last few years, Rite Aid filed again for bankruptcy and then announced that all locations are officially closed

Once a humble discount center in Scranton, Pennsylvania, Rite Aid grew into one of America’s largest pharmacy chains after its founding in 1962. But decades of mounting debt, shrinking profits, and shifting consumer habits have left the company fighting for survival.

Like many national drugstore chains, Rite Aid has faced a perfect storm of pressures, including razor-thin margins on prescriptions, mounting legal settlements tied to the opioid crisis, a wave of organized retail theft, and customers increasingly moving to online pharmacies. Even before its first bankruptcy filing, the company was closing stores and cutting costs to stay afloat.

Rite Aid first sought Chapter 11 protection in October 2023, announcing plans to sell off parts of the business and restructure its operations. Nearly a year later, it reemerged as a private company, but was still far from stable.

Then, in May 2025, came another blow as Rite Aid revealed it would remain in operation as it re-entered bankruptcy proceedings.

The chain, which once boasted more than 2,300 stores across 17 states, has since dramatically downsized. Now under the control of its creditors, Rite Aid operates about 1,245 locations in 15 states, less than half its former footprint, scrambling to chart a future in a rapidly changing retail landscape.