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As Rite Aid restructures its debt in Chapter 11 bankruptcy, it will close 154 locations in 15 states, including 31 in California.
Rite Aid locations closing in California. These California Rite Aid locations are expected to close: 4044 Eagle Rock Blvd., Los Angeles. 4046 S Centinela Ave., Los Angeles.
Note: This list will be updated as more store closures are officially announced. CALIFORNIA: Lakewood: 5520 Woodruff Avenue. San Diego: 8694 Lake Murray Boulevard. Needles: 1020 East Broadway ...
Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [ 10] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles–based TCH Corporation, the parent company of Thrifty Corporation and Thrifty Drug Stores, Inc., acquired the Kmart subsidiary PayLess Drug Stores Northwest, Inc. [1] At the time ...
In 1998, Longs acquired 20 Drug Emporium stores from Western Drug Distributors, Inc. 18 of the stores were located in western Washington and two in the Portland, Oregon. Rite Aid sold Longs 32 stores located in California for $150 million (~$258 million in 2023) in October 1999, which itself were former PayLess Drug locations since 1998.
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