Rite Aid to close an addi­tion­al 31 stores fol­low­ing bank­rupt­cy

Phar­ma­cy giant Rite Aid is set to close an addi­tion­al 31 loca­tions through­out the coun­try to the first 100 announced in Octo­ber.
This round of clo­sures con­sists of 31 loca­tions named in a bank­rupt­cy court fil­ing, accord­ing to a report.
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They are locat­ed in Cal­i­for­nia, Penn­syl­va­nia, Ohio, Wash­ing­ton, Vir­ginia, Michi­gan, New Jer­sey, Ore­gon, New York, Con­necti­cut, Neva­da, and Mary­land.
At least 131 loca­tions have been closed or announced to be closed, leav­ing rough­ly 2,000 Rite Aid stores open.
Rite Aid is the third-largest phar­ma­cy chain in the nation, but has strug­gled to com­pete against mul­ti­ple big-box chains.
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Rite Aid’s stock has plum­met­ed 90% for the year, and it has lost $3 bil­lion in the last six years, accord­ing to the report.
Legal trou­bles have also ham­pered the com­pa­ny, with accu­sa­tions alleg­ing the fill­ing of unlaw­ful opi­oid pre­scrip­tions.