Rite Aid to close an additional 31 stores following bankruptcy
Luke Gentile
Video Embed
Pharmacy giant Rite Aid is set to close an additional 31 locations throughout the country to the first 100 announced in October.
This round of closures consists of 31 locations named in a bankruptcy court filing, according to a report.
GDP REVISED UP TO STRONG 5.2% GROWTH RATE IN THIRD QUARTER
They are located in California, Pennsylvania, Ohio, Washington, Virginia, Michigan, New Jersey, Oregon, New York, Connecticut, Nevada, and Maryland.
At least 131 locations have been closed or announced to be closed, leaving roughly 2,000 Rite Aid stores open.
Rite Aid is the third-largest pharmacy chain in the nation, but has struggled to compete against multiple big-box chains.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Rite Aid’s stock has plummeted 90% for the year, and it has lost $3 billion in the last six years, according to the report.
Legal troubles have also hampered the company, with accusations alleging the filling of unlawful opioid prescriptions.