Rite Aid closes down all remaining stores after bankruptcy

Rite Aid has closed all its stores following two bankruptcy filings in less than two years, primarily due to mounting debt, opioid crisis lawsuits, and competition from Walgreens and CVS. The company, once the largest U.S. drugstore chain, had attempted to restructure but ultimately failed to overcome long-term challenges. Customers can access their pharmacy history and find new pharmacies for their prescriptions through the company's website. Rite Aid's decline reflects significant industry pressures and missed merger opportunities.