Major drug store and CVS rival abruptly closes store doors for good as rumors prove right and bankruptcy looms
A CVS competitor has announced another site closure after reports say the brand may be preparing for a bankruptcy filing.
Rite Aid will close a second location in Easton, Pennsylvania.
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According to Lehighvalleylive.com, the Rite Aid store at 901 Northampton St. will close its doors for the last time on September 13th.
Another Easton Rite Aid on 25th Street will close permanently tomorrow, September 7th.
According to Lehighvalleylive.com, locals were predicting the Northampton St. site would close soon.
Many locals took to Facebook to share their thoughts on the new closure.
One person commented on how convenient the situation was.
She said: “Hopefully another pharmacy will be housed there as it has always been convenient to have this location.”
A Facebook user replied to this comment and agreed.
She said: “Amen, if I needed a liter of milk, I would just go there.
“Now there is nothing.”
Another Facebook user commented on the news but didn’t seem upset.
She said, “So many pharmacies nearby.”
Another person responded with a joke.
They said, “That’s how you tell a city is getting older.
“Instead of 5 bars, there are now 5 pharmacies.”
This news comes at a time when reports say Rite Aid could file for bankruptcy within weeks.
According to the Wall Street Journal, it is expected to announce shortly that the chain of pharmacies and stores will file for Chapter 11 bankruptcy to pay off its debts.
The chain is facing a cash flow problem and over a thousand lawsuits over alleged opioid lore.
The chain has closed several locations across the country, including others in Pennsylvania.
The Stroudsburg, Pennsylvania location last closed a week ago, on August 30th.
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