CVS Pharmacy has announced its agreement to buy the prescription files of 625 Rite Aid pharmacies across 15 states.

Pharmacy chain Rite Aid has ... and CVS have been under pressure as falling drug margins and competition from Walmart and Amazon have led to the closure of hundreds of stores.

Rite Aid, the fourth-largest U.S. drugstore chain, has filed for Chapter 11 bankruptcy and plans to sell or close its remaining 1,240 stores. Rite Aid has secured financing to keep stores open ...

Similarly, CVS Pharmacy closed nearly 400 locations across Ohio, and the retailer has closed at least 900 stores over the past few years, according to CNN. Rite Aid "is working to facilitate a ...

CVS Health has closed stores, and Walgreens—Rite Aid’s larger competitor with six times as many locations—announced in March that it will be acquired by private equity firm Sycamore Partners.

Walgreens, which has more than six times as many stores as Rite Aid, agreed in March to be acquired by the private equity firm Sycamore Partners. CVS Health also has closed stores. If you purchase ...

Similar problems have forced larger competitors — including CVS and Walgreens — to close several thousand U.S. stores in recent years. In the coming months, Rite Aid will transfer customer ...

and at its peak had more than 5,000 stores. Advertisement Article continues below this ad But like other pharmacy chains across the country, such as CVS and Walgreens, Rite Aid has been plagued by ...

The end is near for Rite ... Aid stores. In October 2024, Walgreens announced plans to close 1,200 stores after reporting $3 billion in losses in the previous fiscal year. Similarly, CVS Pharmacy ...

Rite Aid Corporation ... files to competitors such as CVS and Walgreens, often without direct input from patients. Customers are advised to check with local stores for specific closing timelines ...