Rite Aid closes all of its stores nationwide

['Callie Patteson', '.Wp-Block-Mediapress-Author-Avatar__Wrapper Background-Color', 'Border-Radius', 'Display Inline-Block Overflow Hidden .Wp-Block-Mediapress-Author-Avatar__Image Display Block -O-Object-Fit Cover Object-Fit Cover', 'Sourcemappingurl Style-Index.Css.Map', '.Wp-Block-Mediapress-Author-Bio__Wrapper Display Flex', '.Wp-Block-Mediapress-Author-Name Display Flex .Wp-Block-Mediapress-Author-Name__Name Font-Weight'] Washington Examiner 2025-10-04 22:03:13

More than 60 years after Rite Aid was founded, the American drugstore chain has closed all of its stores across the country. Rite Aid closed hundreds of stores at the time in an effort to refinance and restructure their operations, reducing the company’s debt. However, Rite Aid again filed for bankruptcy in May of this year. At the time, CEO Matt Schroeder said the company was looking for a buyer and planned to keep its stores open as it navigated the Chapter 11 protection program. Rite Aid was founded in 1962 and at its peak operated more than 5,000 stores, according to independent retail news site Drug Topics.