Rite Aid to close more stores as part of second bankruptcy restructuring

WASHINGTON — Pharmacy chain Rite Aid is planning another wave of store closures as it enters its second bankruptcy. 

The popular drugstore chain filed for Chapter 11 bankruptcy protection Monday as it faced continued financial struggles. Rite Aid had previously filed for bankruptcy in October 2023 and downsized the company from over 2,300 stores to about 1,200. 

Documents in a court filing on Tuesday revealed that the pharmacy chain plans to close 47 stores across the U.S. 

In Monday’s announcement, the company said it planned to keep stores open for the next few months as it tries to sell substantially all of its assets. The company isn’t buying new inventory so bare shelves are likely to become more common, according to the Associated Press. 

The struggling drugstore said it acquired $1.94 billion in new financing to keep the stores operating during the proceedings. Rite Aid said employees will continue receiving pay and benefits as the company goes through the proceedings and potential sale.

The company runs 1,245 stores in 15 states, according to its website. It has a heavy presence in New York, Pennsylvania and California, which alone has 347 locations.

If approved as proposed, a total of 47 locations across nine states will close as part of the company’s “initial closing locations,” according to bankruptcy filings. It’s unclear if and when the proposal will be approved, or when locations would fully close.

• 211 East 17th St. – Costa Mesa
• 1038 East Colorado Blvd. – Pasadena
• 6150 Van Buren Blvd. – Riverside
• 220 West East Ave. – Chico
• 4774 West Ln. – Stockton
• 4920 La Sierra Ave. – Riverside
• 1331 Wilshire Blvd. – Santa Monica
• 446 East Washington Blvd. – Los Angeles
• 23 Peninsula Center – Rolling Hills Estates
• 3300 East Anaheim St. – Long Beach
• 1203 West Imola Ave. – Napa
• 1550 Hamilton Ave. – San Jose
• 501 South Gaffey St. – San Pedro
• 4840 Niagara Ave. – San Diego
• 1534 East Florence Ave. – Los Angeles
• 32450 Clinton Keith Rd. – Wildomar
• 720 Sutton Way – Grass Valley
• 34420 Yucaipa Blvd. – Yucaipa
• 2751 Del Paso Rd. – Sacramento

• 180 Main St. – Cheshire
• 113-115 Mill Plain Rd. – Danbury
• 56 Rubber Ave. – Naugatuck

• 1031 Main St. – Clinton

• 75 Portsmouth Ave., Unit 1 – Exeter
• 19 Wilton Rd., Suite 1a – Peterborough
• 354 Winchester St. – Keene

• 75 South Main St. – Neptune
• 403 Sicklerville Rd. – Sicklerville

• 5901 Bay Pkwy.– Brooklyn
• 8222 18th Ave. – Brooklyn
• 55-60 Myrtle Ave. – Ridgewood
• 50-15 Roosevelt Ave. – Woodside
• 60-26 Woodside Ave, – Woodside

• 1400 West 6th St. – The Dalles
• 514 Ne 181st Ave. – Portland
• 2521 South Sixth St. – Klamath Falls
• 700 S.E. 3rd St. – Bend

• 304 Market St. – Harrisburg
• 23 North Elm St. – Kutztown
• 3773 Peters Mountain Rd. – Halifax
• 1039 2nd St. – Pike Richboro
• 843 Rostraver Rd. – Belle Vernon
• 400 West Second St. – Berwick
• Pittsburgh Intl Airport – Pittsburgh
• 209 Atwood St. – Pittsburgh

• 250 Basin St. SW – Ephrata
• 248 Bendigo Blvd S – North Bend

Following Monday’s announcement, Rite Aid Rewards points will no longer be issued for qualifying purchases as of Tuesday, May 6. Existing points and BonusCash will also expire per the terms and conditions.

Rite Aid said it will no longer honor Rite Aid gift cards or accept any returns or exchanges starting June 5, 2025.