Bankruptcy fallout as Rite Aid set to close additional 31 ‘underperforming’ stores and shoppers are given instructions ...Middle East

RITE Aid has just confirmed it will shut down another three dozen locations after a flurry of closures this year. The pharmacy giant will be closing down an additional 31 stores across multiple states. Rite Aid has just confirmed it will shutter 17 more locationsReuters The move comes just one month after announcing over 150 other stores will be shutting down for good, per a bankruptcy filing. The reasons behind the closures are due to underperformance and “to further reduce rent expense and strengthen overall financial performance,” a Rite Aid spokesperson told USA Today. The company has about half as many active locations now as it did ten years ago. In fact, over 200 sto

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