October 6, 2025
Rite Aid, a once-prominent US pharmacy chain founded in 1962 that operated up to 5,000 stores at its peak, has announced the closure of all its remaining locations. The company, which had fewer than 100 stores left by Friday, filed for bankruptcy twice (October 2023 and May 2025) amid financial struggles and legal challenges. Rite Aid faced significant legal issues related to the opioid epidemic, paying up to $30 million in 2022 to settle lawsuits and later agreeing to settle a Justice Department complaint regarding unlawful opioid prescriptions.
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