Rite Aid in Quarryville to close
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Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in September 2024.
Pharmacy chain Rite Aid announced it began Chapter 11 proceedings Monday. Stores will remain open and the company will "facilitate a smooth transfer of customer prescriptions."
Rite Aid's bankruptcy plan, if approved, means that in the coming months all distribution centers will close, and all stores will either close or be operated by a new owner.
Rite Aid began Chapter 11 bankruptcy proceedings on May 5 and has began the process of closing some of its 1,240 stores. In the initial filing, only 47
Customers have until June 6 to use any gift cards, coupons or other rewards, the state attorney general advises.
A Rite Aid distribution center in Harford County, Maryland, is expected to lay off more than 300 workers and close its doors after the Pennsylvania-based pharmacy filed for bankruptcy for a second time.