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flag Rite Aid shut down its last 89 stores, ending 63 years of operations due to debt and competition.

flag Rite Aid has permanently closed its final 89 stores, ending its 63-year operation after a second bankruptcy filing in May 2025. flag The chain, founded in 1962 and known for its Thrifty ice cream brand, cited over $4 billion in debt from opioid-related lawsuits and fierce competition as key reasons. flag After emerging from its 2023 bankruptcy by cutting $2 billion in debt and closing 500 stores, Rite Aid sold most of its remaining pharmacy operations to CVS, Walgreens, Albertsons, and Kroger, who now operate over 1,000 former locations. flag This transition helped maintain prescription access for customers, especially older adults. flag The closures reflect a broader trend in the retail pharmacy sector, with major chains also shuttering unprofitable locations amid shifting consumer habits and financial pressures. flag Rite Aid’s website remains active only for former customers to request prescription records or find nearby pharmacies.

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