Pharmacy chain Rite Aid announced on May 5 it began Chapter 11 bankruptcy proceedings. Here's what we know so far about its plan to close stores.

Rite Aid filed for bankruptcy for a second time earlier this month. Despite the store’s promise to remain open despite the filing, the retailer has announced that it will be closing all locations remaining in its inventory.

Rite Aid first filed for bankruptcy in October 2023. Like many other pharmacies, it fell victim to shifts in consumer habits, with more customers refilling their prescriptions online and skipping the extra purchases made throughout the rest of the drug store.