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Rite Aid has closed its final doors after 63 years in business

Rite Aid’s full liquidation follows a second bankruptcy amid $4 billion debt and legal costs; prescription services transferred to major competitors including CVS and Walgreens.

  • Rite Aid, a prominent drugstore chain headquartered in Pennsylvania, has closed all of its stores after 63 years in business.
  • The company filed for Chapter 11 bankruptcy in May, stating financial challenges as the only viable path forward.
  • Rite Aid transferred its prescription files to various pharmacy chains, including CVS Pharmacy and Walgreens, staggering store closures over several months.
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October 5: The program will feature important stories and events.

·Seattle, United States
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Rite Aid has closed its final doors after 63 years in business

Rite Aid, once one of America’s biggest pharmacy chains, shuttered its remaining 89 stores this week after filing for bankruptcy in May for the second time in less than two years.

·Atlanta, United States
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The Oregonian broke the news in Portland, United States on Friday, October 3, 2025.
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