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Pharmacy Chain Closing VA Stores Amid Bankruptcy

  • Rite Aid announced on May 5, 2025, that it filed for Chapter 11 bankruptcy and will close 115 stores across 10 states, including four in Virginia.
  • The decision to close stores and file bankruptcy follows years of financial difficulties and a reduced store count from 2,000 in 2023 to about 1,240 currently.
  • The company set a June 6, 2025 deadline for customers to redeem gift cards, coupons, and rewards, and announced that returns and exchanges will stop on June 4.
  • Rite Aid CEO Matt Schroeder emphasized that the company is focused on maintaining continuous pharmacy operations for its patrons while striving to retain as many employees as they can.
  • The closures and asset auctions scheduled through June 2025 indicate Rite Aid’s ongoing restructuring, with Pennsylvania having the most closures at 52 stores.
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OklahomanOklahoman
+3 Reposted by 3 other sources
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Rite Aid set to close over 100 stores in 10 states. See the full list of locations

Rite Aid has set over 100 stores on the path to closing during its bankruptcy proceedings in two court filings. See the full list of where they are.

·Oklahoma City, United States
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  • 82% of the sources are Center
82% Center
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RetailWit broke the news in on Sunday, May 11, 2025.
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