Rite Aid is closing after it declared bankruptcy in May 2025. This means a large chunk of real estate is entering the market in Philadelphia and South Jersey.

Rite Aid plans to sell all of its assets to one or more buyers in bankruptcy. Rite Aid was unable to secure additional capital from lenders that was needed to continue operating the business.

Philadelphia-based Rite Aid said Monday afternoon it was pursuing a “strategic and value-maximizing sale process for substantially all of its assets.” More Philadelphia-area Rite Aid stores ...

The U.S. pharmacy chain said it plans to keep stores open in the interim. Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in ...

Rite Aid is filing for Chapter 11 bankruptcy for a second time, according to reports. They plan to close more than 300 stores ...

Philadelphia-based Rite Aid, which was based in East Pennsboro Township for decades, has filed for bankruptcy again. Rite Aid said on Monday it is pursuing “a strategic and value-maximizing sale ...

Rite Aid, the fourth-largest U.S. drugstore chain, has filed for Chapter 11 bankruptcy and plans to sell or close its remaining 1,240 stores. Rite Aid has secured financing to keep stores open during ...

Apart from the stores to be auctioned, Rite Aid laid out a list of locations it plans for a first wave of closures. According to the docket, the plan still needs to be approved. If these locations ...

The Philadelphia-based Rite Aid Corp. has filed for a second bankruptcy, the company has announced. The group has begun proceedings for a Chapter 11 bankruptcy protection and will sell off its ...

The Philadelphia-based chain has already shuttered hundreds of locations over the past year, and court filings now show plans for a complete wind-down of its retail footprint. While Rite Aid has ...

Philadelphia-based drugstore chain Rite Aid plans to close all of its U.S. locations — including 33 stores in Philly — and shutter its headquarters at the Navy Yard as part of its second ...

The Chapter 11 filing in U.S. Bankruptcy Court in New Jersey gives Rite Aid access to $1.94 billion in new financing to fund the sale process, during which it plans to keep stores open.