The wave of Rite Aid closures isn’t over yet. The national pharmacy chain has announced it will shutter another 200 locations ...

Rite Aid first filed for bankruptcy in October 2023, becoming a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal ...

PBMs have argued that they help keep drug prices down. Rite Aid also saw its debt jump to nearly $4 billion following legal challenges and a multi-million dollar settlement with the US government ...

Rite Aid's financial struggles have been driven by a combination of tighter profit margins on prescriptions, the rise of online pharmacies and costly legal settlements related to the sale of ...

In a May 5 news release, Rite Aid CEO Matt Schroeder said the company is facing “financial challenges, intensified by the rapidly evolving retail and health care landscapes in which we operate.” ...

Sites that remain on Rite Aid’s website as open in Pierce County include two stores in Tacoma (1912 N. Pearl St. and 7041 Pacific Ave.) stores in Bonney Lake, Lakewood and Spanaway and four locations ...

However, they’ve struggled to keep up with Amazon, Target and other retailers and have also had issues with theft, which has chipped away their profitability. Rite Aid on Monday announced it is ...