Rite Aid is shuttering 53 additional stores in nine states across the US as part of the company’s bankruptcy proceedings, according to recent court filings. Stores are closing in California, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania and Virginia. According to Reuters, Rite Aid received permission from a bankruptcy judge on March 28 to … Read more
The national chain of 99 Cent Only Stores — consisting of 371 locations in four states — is shutting down, with operators blaming unmanageable inflation and theft. “This was an extremely difficult decision and is not the outcome we expected or hoped to achieve,” Mike Simoncic, Interim Chief Executive Officer of 99 Cents Only Stores, said Friday. … Read more
CVS Health said Thursday it will close some pharmacies that operate inside Target stores during the first several months of the year. The closures will begin in February and be completed by the end of April, a company spokesperson said. Prescriptions will be transferred to a nearby CVS Pharmacy prior to closing, the spokesperson added. The Wall Street Journal reported … Read more
