Rite Aid's Rise and Fall: The End of an Era
Update: 2025-10-04
Description
From Main Street Staple to Closed Doors: How Rite Aid’s Demise Signals a Pharmacy Crisis. Once a beloved pharmacy chain known for prescriptions and iconic Thrifty ice cream, Rite Aid has shuttered its remaining stores after a second bankruptcy, a victim of competition, debt, and opioid lawsuits. While customer records are transferred to CVS and Walgreens, this closure, along with similar downsizing by other chains, raises alarms about shrinking access to medication for millions, especially older adults.
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