Rite Aid is closing 400 to 500 stores in bankruptcy

Pharmacy chain Aid ritual It is closing hundreds of stores across the country to address the company’s debt situation that led to the company’s stores going bankrupt, This is according to a report by the Wall Street Journal.

The closures come as the company tries to figure out what to do with its debt load amid several opioid-related lawsuits.

The company has more than $3.3 billion in debt and is struggling Multiple federal lawsuits related to the company’s alleged oversupply of opioids.

Lawsuits, incl One from the Ministry of Justice, alleges that Rite Aid intentionally filled prescriptions for controlled substances illegally. Rite Aid has denied the allegations. According to the Wall Street Journal.

The exact locations of the stores that will be closed have not yet been revealed. However, Morristown Rite Aid is at 213 South Street It closed unexpectedly, with workers only receiving a few days’ notice of the closure.

Related stories about store closures:

Target stores closing in 2023: See full list

Walmart store closings in 2023: See full list

Nordstrom store closings 2023: See full list

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