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Rite Aid to Close 63 Stores

The move is said to reduce costs, improve profitability chain-wide.

Published

2 years ago

on

December 22, 2021

By

Drug store chain Rite Aid (Camp Hill, Pa.) will close another 63 stores to save close to $25 million per year, reports CNN.

The company has not shared the locations of the stores, but said the closures will help “reduce costs, drive improved profitability and ensure that we have a healthy foundation to grow from.” Rite Aid operates about 2500 stores across 19 states.

Rite Aid has been remodeling some of its stores to give more space to its beauty and personal care offerings as well as vitamins and supplements.

Related Topics:Rite Aid

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