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By Hugh Cameron
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Pharmacy chain Rite Aid is planning on shuttering dozens of stores this month, as the company scales back its nationwide footprint amid its second bankruptcy in as many years.
Newsweek has reached out to Rite Aid via email for comment.
Why Is Rite Aid Closing Stores?
In early May, Rite Aid, which currently operates over 1,200 stores across the U.S., announced that it had filed for bankruptcy for the second time since October 2023. CEO Matt Schroeder cited long-term financial challenges, as well as "rapidly evolving retail and healthcare landscapes," in the announcement.
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In addition to securing $1.94 billion in new financing, the company said it was "pursuing a strategic and value-maximizing sale process for substantially all of its assets," which it said will help it emerge from the bankruptcy process.
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On May 15, Rite Aid said it had successfully entered into sale agreements and "pharmacy service transition agreements," allowing for the transition of services from "more than 1,000 stores" to alternative operators including CVS Pharmacy, Walgreens and Albertsons.
Which Locations Will Close in June?
According to a May 6 filing, the pharmacy chain plans on shuttering 47 locations this month as part of the bankruptcy process:
California
- 211 East 17th Street, Costa Mesa, CA 92627
- 1331 Wilshire Boulevard, Santa Monica, CA 90403
- 446 East Washington Boulevard, Los Angeles, CA 90015
- 23 Peninsula Center, Rolling Hills Estates, CA 90274
- 3300 East Anaheim Street, Long Beach, CA 90804
- 1203 West Imola Avenue, Napa, CA 94559
- 1550 Hamilton Avenue, San Jose, CA 95125
- 501 South Gaffey Street, San Pedro, CA 90731
- 4840 Niagara Avenue, San Diego, CA 92107
- 1534 East Florence Avenue, Los Angeles, CA 90001
- 32450 Clinton Keith Road, Wildomar, CA 92595
- 720 Sutton Way, Grass Valley, CA 95945
- 34420 Yucaipa Boulevard, Yucaipa, CA 92399
- 2751 Del Paso Road, Sacramento, CA 95835
- 1038 East Colorado Boulevard, Pasadena, CA 91106
- 6150 Van Buren Boulevard, Riverside, CA 92503
- 220 West East Avenue, Chico, CA 95926
- 4774 West Lane, Stockton, CA 95210
- 4920 La Sierra Avenue, Riverside, CA92505
Connecticut
- 180 Main Street, Cheshire, CT 06410
- 113-115 Mill Plain Rd., Danbury, CT 06811
- 56 Rubber Avenue, Naugatuck, CT 06770
Massachusetts
- 1031 Main St., Clinton, MA 01510
New Hampshire
- 354 Winchester Street, Keene, NH 03431
- 19 Wilton Road Ste 1A, Peterborough, NH 03458
- 75 Portsmouth Avenue Unit 1, Exeter, NH 03833
New Jersey
- 75 South Main Street, Neptune, NJ 07753
- 403 Sicklerville Road, Sicklerville, NJ 08081
New York
- 5901 Bay Parkway, Brooklyn, NY 11204
- 55-60 Myrtle Avenue, Ridgewood, NY 11385
- 8222 18th Avenue, Brooklyn, NY 11214
- 50-15 Roosevelt Avenue, Woodside, NY 11377
- 60-26 Woodside Avenue, Woodside, NY 11377
Oregon
- 2521 South Sixth Street, Klamath Falls, OR 97601
- 700 S.E. 3rd Street, Bend, OR 97702
- 514 NE 181st Avenue, Portland, OR 97230
- 1400 West 6th Street, The Dalles, OR 97058
Pennsylvania
- 304 Market Street, Harrisburg, PA 17101
- 23 North Elm Street, Kutztown, PA 19530
- 3773 Peters Mountain Rd., Halifax, PA 17032
- 1039 2nd Street Pike, Richboro, PA 18954
- 843 Rostraver Road, Belle Vernon, PA 15012
- 400 West Second Street, Berwick, PA 18603
- Pittsburgh Intl Airport, Pittsburgh, PA 15231
- 209 Atwood Street, Pittsburgh, PA 15213
Washington
- 250 Basin Street SW, Ephrata, WA 98823
- 248 Bendigo Boulevard S., North Bend, WA 98045
What People Are Saying
Matt Schroeder, CEO of Rite Aid, said on May 5: "For more than 60 years, Rite Aid has been a proud provider of pharmacy services and products to our loyal customers. While we have continued to face financial challenges, intensified by the rapidly evolving retail and healthcare landscapes in which we operate, we are encouraged by meaningful interest from a number of potential national and regional strategic acquirors. As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible."
Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, previously told Newsweek: "For some major retailers, 2025 is becoming a year of consolidation. Retail locations that have struggled in recent years to remain profitable due to rising costs and less demand are being shuttered, as companies focus their efforts on more successful stores. The hope is these closures will ultimately produce more fiscal and operational efficiency, but it will come at the cost of customers who favored these locations having fewer options."
What Happens Next?
Rite Aid has filed several more notices of closing locations, with hundreds scheduled to shut over the next few months. Most will eventually be sold off—based on the company's expressed intention to divest "substantially all of its assets"—but Rite Aid has said customers will be able use gift cards or rewards until June 6.
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