CVS rival with more than 2,000 stores set to close five outlets in days – and rivals set to profit

RITE Aid will close five more stores in the coming days as the pharmacy chain tries to overcome its financial difficulties.

Three of the five locations scheduled to close are all in New York, with others in Washington and Oregon.

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The struggling pharmacy chain’s recent closures will benefit competition, which will attract the additional customers.

Rita Aid announced Sept. 18 that it was closing its pharmacy in Medford, Oregon.

The closure will leave residents without options as it is one of the few pharmacies in the area open seven days a week.

Existing customers will be directed to the CVS Pharmacy inside Target, Rite Aid said.

However, since this pharmacy is closed on weekends, customers are looking for another location.

Rite Aid customer John Mahoney told Kobi5, “We get medicine there so we’ll take her to Safeway so it’s not that big of a deal, but she likes Rite Aid so we’ll miss coming here.”

Fellow customer Michelle Fletcher said: “I’m going to miss it because I mostly come here for anything I need and I like everyone, they’re so friendly, they help you when you need something and it doesn’t take forever.” to get your medicine. I’m really going to miss it.”

Meanwhile, Syracuse, New York, and Edmonds, Washington, will lose their Rite Aid locations on September 19th.

Employees at the Cicero location have confirmed the closure. This is just the latest for the region after Syracuse lost a number of Rite Aid pharmacies in recent years.

The Edmonds Rite Aid store has already held its sales and many shelves are looking incredibly empty ahead of next week’s closing.

A statement about the closures was released on Friday morning, saying: “Like all retailers, we regularly review each of our locations to ensure we are meeting the needs of our customers, communities and the wider business.”

“We take the decision to close a store very seriously and are based on a variety of factors, including business strategy, lease and rental considerations, local business conditions and profitability, and store performance.”

“We review each neighborhood to ensure our customers have access to healthcare services, whether at Rite Aid or a nearby pharmacy, and we work to seamlessly transfer their prescriptions so there is no interruption in services.”

“We are also looking to redeploy employees to other Rite Aid locations when possible.”

After the closure, customers will be able to pick up their prescriptions at Edmonds’ Bartell Pharmacy in the Westgate area.

Meanwhile, the Rite Aid pharmacy in downtown Massena, New York, will permanently close for business on September 20th.

All existing customers will be transferred to Walgreens, according to a statement from the pharmacy, which has served the community there for more than two decades.

After the closure, two pharmacies will remain in Massena, Walgreens and Kinney Drugs.

A branch in Buffalo is scheduled to close on September 21st. This would be the third closure of a Rite Aid store in the state in just three days.

According to the Wall Street Journal, Rite Aid is preparing to file for Chapter 11 bankruptcy within weeks.