‘I’m a 40 year customer,’ cries Rite Aid shopper as chain confirms 12 stores closing in same state under bankruptcy deal
RITE Aid fans have shared their sadness after the chain confirmed a round of store closures.
The chain is shutting locations as it fights its way out of bankruptcy.
GettyRite Aid is closing 12 stores in Michigan and 15 in Ohio (stock image)[/caption]
Rite Aid has announced it will close 12 stores in Michigan and 15 in Ohio as part of its bankruptcy restructuring plans.
Customers have shared their shock at the news on social media.
“I’ve been a 40-year customer/patient, I’m shaking. I’m so sorry this happened,” wrote one on Reddit.
“Wow, let’s see how my hometown handles this,” said another. “The Rite Aid is the only liquor store in town.”
“I live right behind one, and it’s super convenient to walk across the street for everything,” said a third
“My 100-year-old grandma is going to chew nails and spit tacks, as she’s been using the Rite Aid by her home since it opened.”
“We are watching this industry crumble right before our eyes, and no one seems to care,” wrote another.
The company announced the closures in a court filing earlier this week as it seeks to exit federal bankruptcy protection.
The document did not indicate when the stores would be shuttered or what would happen to the employees.
However, nonprescription merchandise will be liquidated in store closing sales.
Rite Aid announced in August 2023 it was filing for Chapter 11 bankruptcy.
The decision came amid a mounting debt load and thousands of opioid lawsuits filed against the company.
Over the last two decades, the chain has closed thousands of stores, going from more than 5,000 locations in 2008 to around 1,700 today.
However, it is far from the only drug store company that has been forced to close stores.
MORE PHARMACY CLOSURES
Walgreens, which operates almost 9,000 stores in the US, closed 150 locations across the country between July 2023 and May 2024.
It also laid of around 10% of its corporate workforce.
Meanwhile, CVS is coming to the end of its 900-store closing spree.
Between 2022 and 2024, it eliminated around 10% of its US stores.
Save-A-Lot is closing one of its 900 grocery stores.
And Pizza Hut has abruptly shuttered 15 locations.
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