Rite Aid’s second Chapter 11 filing in May 2025 kicked off a rolling “store‑optimization” plan. A New Jersey bankruptcy judge has now authorized the chain to shutter 114 additional locations nationwide—27 of them in California—on top of earlier rounds this spring and summer.Fox Business
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Why the chain keeps shrinking
- Heavy debt & opioid‑crisis liabilities: Still $2.5 billion in obligations even after its first bankruptcy exit in 2024. Fox Business
- Tougher competition: Big‑box…