Massachusetts continues to see the closing of retail chains regularly. We’re constantly hearing and seeing in the news another chain either closing underperforming stores or filing for bankruptcy. Retailers like Walgreens, Stop and Shop, Advance Auto Parts and more have all had to make big cuts, and for one major retailer, all stores in Massachusetts are going to close or be sold to a new owner.
Multiple media outlets have been reporting that Rite Aid is going to be closing or selling all of its stores as the retailer is in the middle of another bankruptcy filing. It’s expected that the closures and/or new ownership will occur within the next few months.
Rite Aid’s plan for its customers is to sell their prescription medications to another pharmacy so there can be a smooth transition. That’s the plan, at least in a perfect world. If you’re a Rite Aid customer and you don’t want to wait around to see what the outcome is for your store, it may be time to get in front of the situation and make the transfer yourself to another pharmacy if at all possible…