More than 70 Rite Aid Stores Set to Close in Pennsylvania
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Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.
Walgreens will shut two NJ stores as part of a national turnaround strategy and $10B acquisition by Sycamore Partners.