Rite Aid Bankruptcy OFFICIAL, all stores closing in near future or some being sold to outside interests. (TBD)
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@MrVietnam Sad day, but not surprising. Have hardly shopped at RA since last summer.
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I only go there to pick up a monthly prescription for my wife. The shelves have pretty much remained bare since their last bankruptcy.
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@penguin110 said in Rite Aid Bankruptcy OFFICIAL, all stores closing in near future or some being sold to outside interests. (TBD):
I only go there to pick up a monthly prescription for my wife. The shelves have pretty much remained bare since their last bankruptcy.
indeed they have. for a time managers were telling me around the holidays/1st of the year things would be restocked, it never happened. Which made this news not the least bit surprising. I’ve met many nice/hard working employees at Rite Aid, I hope as many stores can be saved by another party as possible so people have jobs. However I am not holding my breath given the current climate for retail drug stores.
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ripped from SD:
Beginning, May 6, 2025, Rite Aid Rewards points will no longer be issued for qualifying purchases. All accrued points and BonusCash will expire per standard terms & conditions available at riteaid.com/rewards/terms-and-conditions.Rite Aid will no longer honor Rite Aid gift cards or accept any return or exchanges beginning June 5, 2025.
credit: patel7ravi7
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I was actually heading to RA today because I have a $10/$40 expiring today.
Hopefully can still use it to cover RA gc -> 3rd party gc. It’s only $10 but better to have 3rd party than RA gc.
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Sad that they are finally biting the dust but I knew it was coming sometime sooner or later. I am glad though that I was able to get on the gravy train when I did and now have a garage full of stuff I got cheap, free, or MM from Rite Aid. Saves me a lot of money now. Instead of going to the store to buy things now at high prices I can just go into my garage.
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There was a weekly ad online for this current week. It’s gone now. I wonder if everything will become full price. Tums are BOG50% this week. I have ~$200 in RA gc. Yesterday I converted $10 to a Staples gc, bought $40+ of stuff that I can use and transferred all my Rx’s to be filled there, including ones I don’t need now. That will leave ~$50 to use in a month.
ETA: Must be a site issue. The ad is available on non-RA sites.
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(ninja edit) 64 locations of the 1,240 slated to close will be sold CVS. Prescription files for nearly 1000 stores purchased by CVS, Kroger, Walgreens, and Albertsons CNN article
Many jobs will be saved because it is an asset purchase, according to the Rite Aid press release.
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@ctujackbauer did you read that article?
What has been sold is the RX files, not the stores.
Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals.The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.
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@q-shopper said in Rite Aid Bankruptcy OFFICIAL, all stores closing in near future or some being sold to outside interests. (TBD):
@ctujackbauer did you read that article?
What has been sold is the RX files, not the stores.
Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals.The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.
@q-shopper said in Rite Aid Bankruptcy OFFICIAL, all stores closing in near future or some being sold to outside interests. (TBD):
@ctujackbauer did you read that article?
What has been sold is the RX files, not the stores.
Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals.The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.
Yes, that is correct. @ctujackbauer please edit your info.
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I see RA filed their WARN notice for NJ. looks like 6/4/25 is when everything will hit the fan:
Rite Aid
Company Location: Philadelphia, PA
Affected Employees: Throughout NJ May Rolling basis beginning on 6/4/25 1122
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@q-shopper said in Rite Aid Bankruptcy OFFICIAL, all stores closing in near future or some being sold to outside interests. (TBD):
@ctujackbauer did you read that article?
What has been sold is the RX files, not the stores.
Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals.The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.
64 locations in the Pacific Northwest purchased outright.
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@ctujackbauer 64 out of 1,000.
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@q-shopper said in Rite Aid Bankruptcy OFFICIAL, all stores closing in near future or some being sold to outside interests. (TBD):
@ctujackbauer 64 out of 1,000.
I edited, I edited…
