Rite Aid Corporation is a large American pharmacy chain. In March of 2019, Rite Aid announced that it would be shutting down its remaining physical stores by the end of the year. This announcement came as a shock to many, as Rite Aid was once one of the largest pharmacy chains in the United States. The decision to shutter its physical stores leaves Rite Aid with only two options: to sell its pharmacy business to another company, or to shut down completely.
If Rite Aid sells its pharmacy business, it is likely that the new owner would either keep the stores open or open new ones. If Rite Aid shuts down completely, it will be the largest pharmacy chain in the United States to do so.
This announcement has sparked a lot of debate. Some people believe that Rite Aid made the wrong decision by shutting down its physical stores. Others believe that the decision was inevitable, and that Rite Aid was never really a viable business in the first place.
The decision will have a significant impact on the thousands of employees who work for Rite Aid, and the communities that the stores serve. It is still unclear what the long-term impact of the decision will be.
