The end came relatively peacefully on October 2. That’s the day that Rite Aid announced that it has shuttered its last 89 stores and ceased being a business entity.
The closure follows a May 5 bankruptcy filing, its second in 19 months. The drug merchant, which operated headquarter offices in Philadelphia and Camp Hill, PA, at that time announced it would close or sell all of its remaining stores -1,245 at the time – along with three distribution centers that employed nearly 25,000 associates, and attempt to sell its customer prescription files, inventory and other assets.
After four months, that process has concluded with Rite Aid having sold its prescription lists from approximately 1,100 units to five major retailers – CVS, Albertsons, Walgreens, Kroger and Giant Eagle…