Rite Aid follows CVS in announcing store closings

[left-of-center2012]

Rite Aid is set to close dozens of stores across the country in an effort to save around $25 million yearly.

The company on Tuesday said it is closing 63 stores as part of a plan to "reduce costs, drive improved profitability and ensure that we have a healthy foundation to grow from," according to CNN.

Rite Aid's announcement follows CVS Pharmacy's move to shut down nearly 900 stores over the next three years.

Rite Aid, which is smaller than competitors CVS and Walgreens, has started the process of remodeling stores and downsizing on products like household appliances and stationary in favor of more beauty and wellness items, CNN noted.

https://thehill.com/business-a-lobbying/business-a-lobbying/586746-rite-aid-follows-cvs-in-announcing-store-closings

[samplegirl]

1. I lost my job with them

5 years ago…. Due to Walgreens wanting to buy us out.

[Freddie]

2. And that never happened, right?

They built a store intended to be a Walgreen’s in my town, on a premier corner lot, had the signage up and everything, then stopped. Apparently they were going to open the Walgreen’s because the Rite Aid in the shopping center nearby was going to be closed, but it wasn’t (and is still in operation). The never-opened Walgreen’s stood empty for quite a while, eventually the building was leased out and is now a furniture store.
Hope you were able to get a better job after that.