Headlines

Rite Aid to Close 63 Stores

The move is said to reduce costs, improve profitability chain-wide

Published

2 years ago

December 21, 2021

Jennifer Acevedo

Rite Aid to Close 63 Stores — Shutterstock

PHOTOGRAPHY: Shutterstock

Drug store chain Rite Aid (Camp Hill, Pa.) will close another 63 stores to save close to $25 million per year, reports CNN.

The company has not shared the locations of the stores, but said the closures will help “reduce costs, drive improved profitability and ensure that we have a healthy foundation to grow from.” Rite Aid operates about 2500 stores across 19 states.

Rite Aid has been remodeling some of its stores to give more space to its beauty and personal care offerings as well as vitamins and supplements.

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