As of March 2019, Rite Aid Corporation has disclosed plans to close up to 2,000 stores in 2020. This would represent a 10% decrease in the company’s total store count.
Rite Aid’s main focus has been on reducing expenses and improving its financial performance. The company has also been focusing on its digital strategy, including developing e-commerce capabilities.
There is no clear answer as to whether or not Rite Aid is closing stores in 2020. However, with the company announcing plans to close up to 2,000 stores, it seems likely that some locations will be shut down.
If you are in the market for a pharmacy and are located in one of the locations that is slated for closure, it is important to keep tabs on the company’s announcements and plan your shopping accordingly.
