Forget Rite Aid, another struggling drugstore closing down stores

The pharmacy chain is undergoing a drastic change.

May 25, 2025 - 18:30

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Forget Rite Aid, another struggling drugstore closing down stores

In the event you understanding 2024 turned into as soon as a brutal twelve months for outlets, net ready for 2025.

Even supposing we're decrease than halfway thru a brand new twelve months, 2025 is expected to be understanding to be most definitely the most worst on sage for outlets by the sheer different of expected closures.

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A sage by Coresight estimates that the different of retailer closures will lengthen in 2025 by as a lot as 335%.

That quantities to a entire of 15,000 entire closures.

The deliver off of heaps of these closures will be broken into three predominant categories:

Liquidations: all stores shuttering
Chapter 11 bankruptcies: outlets restructuring, closing most or many stores
Total remakes: big outlets doing entire pivots on approach and footprint

We now bear already viewed some beautiful big-title outlets by surprise fold, leaving prospects in a lurch.

Forever 21 filed for financial danger in March 2025, closing all of its more than 300 stores across the U.S.

Craft retailer Joann Materials also filed for Chapter 11 financial danger in January; all of its stores are closing, too.

And pharmacy chain Rite Aid filed for Chapter 11 financial danger in May 2025.

Walgreens is closing more stores.
Characterize source: Nicholson/UCG/Widespread Images Personnel by Getty Images

Pharmacies are struggling in 2025

Rite Aid has been facing challenges for some time.

The now-bankrupt drugstore turned into as soon as a family title within the New York space. At its top, it had about 4,600 stores across the U.S., even when its fall from grace turned into as soon as equally enormous.

Now, the drugstore has staunch 1,200 stores that it be currently winding down.

Its May 2025 financial danger represents its second submitting in two years. It also filed for financial danger in October 2023.

Extra closings:

Widespread Mexican chain closing all eating areas, no financial danger
Iconic mall chain shuttering more stores without waste
Indispensable gymnasium closing more than one locations after franchisee financial danger
After Chapter 11 financial danger, beloved retailer closes all stores

But Rite Aid is rarely the totally pharmacy struggling within the U.S.

CVS is within the midst of closing over 250 stores. And Walgreens is within the design of going deepest.

The points that plagued Rite Aid are identical old amongst the entire big chains.

Or no longer it will not be any longer that Americans are on fewer prescriptions. As a change, they're getting their pills from more convenient areas. They are going to net prescriptions delivered or decide them up all the intention thru a routine grocery bustle.

And pharmacies are extraordinarily prone to theft, since they bring heaps of other non-prescription inventory love snacks, non-public care merchandise, and over-the-counter medication.

This cuts into profits and forces them to lock issues up, which in flip wards off staunch prospects who are unmotivated to name for succor when they deserve to construct a aquire expose.

High drugstore closing more stores

That is a a part of the motive Walgreens goes deepest.

As it prepares for the transition, the Illinois-based drugstore is closing down stores which are either unprofitable or now no longer viewed as severe to the corporate's mission.

Walgreens announced this can shutter as a lot as 1,200 stores over the next three years with a plot to flip spherical industry.

Linked: Widespread consolation retailer ticket shutting down

And now, this can shut down staunch below 30 locations all the intention thru the month of May.

The closures will happen across the nation in 13 states, clustered mostly across the east flee.

The stores expected to shut are: