Monday, May 12, 2025

AND ANOTHER ONE BITES THE DUST

By Bob Walsh

 

One of the largest US drugstores chains Rite Aid filed for Chapter 11 bankruptcy in 2023

 

Rite Aid, which used to be a major pharmacy chain, is now closing ALL of it's California stores.  It is hard to say if this is as reaction to the state of regulation in California, a recognition of the difficulties of brick-and-mortar retail in general, part of the chain's on-going financial issues or just an "excrement happens" thing.  Personally I did very little business with them, but I did get my mandatory Covid-19 shots from them back in the day because their scheduling system was the easiest to deal with. 

Both Walgreens and CVS are now making significant cutbacks in CA as well.

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