PHILADELPHIA -- Rite Aid announced Tuesday it is closing another 63 stores to save about $25 million per year. After years of overexpansion, Rite Aid and other giant American pharmacy chains have ...

Store closures are being implemented in waves, with some locations closing immediately and others expected to cease operations over the next several months.

The number of Rite Aid stores marked for closure just hit a grim milestone. In a bankruptcy court filing last week, the ill-fated pharmacy chain disclosed another 123 locations that will close their ...

Formerly one of the biggest pharmacy chains in the U.S., Rite Aid has officially gone dark. In a statement on its website, the bankrupt Philadelphia-based company wrote, “All Rite Aid stores have now ...

CVS has finished buying customer prescription files from hundreds of closed Rite Aid drugstores and is now running 63 of the defunct chain's locations.The company said Wednesday that it is operating ...

As Rite Aid shuttered its 232 Michigan stores last year in the wake of its bankruptcy, its real estate portfolio quickly caught the attention of investors. It all comes down to their location. Rite ...