Why is Rite Aid Closing All Stores? Rite Aid's closures stem from a combination of factors, primarily its debt burden and legal liabilities. The company has been entangled in hund

Rite Aid has announced that it is set to close 115 stores as part of the Chapter 11 bankruptcy proceedings it began earlier this month. The company published a slate of 47 closing stores in an initial filing in the U.

Drugstore chain Rite Aid has identified dozens of additional stores that it will shutter as it scrambles to sell its pharmacy assets.