Rite AID customers can expect their local store to close or change the property in the coming months, as the pharmacy chain passes in difficulties Another bankruptcy presentation.
The company plans to sell client, inventory and other assets recipe files, as it closes the distribution and download centers of the stores. The stores will remain open for now, but the company is not buying a new inventory, so it is likely that the naked shelves become more common.
“I think what we will see progressively is that stores will become more and more Spartan,” said retail analyst Neil Saunders.
The company executes 1,245 stores in 15 states, according to its website. It has a great presence in New York, Pennsylvania and California, which only has 347 locations.
This is what customers can expect below.
Rite AID says a few months for most stores. All locations will eventually close or sell to a new owner.
Until then, customers can still fill recipes, receive immunizations and buy in stores or online.
Rite Aid has said that he will stop issuing rewards for the customer for purchases. Nor will it honor gift cards or accept returns or exchanges from next month.
Rite AID will try to sell them to another pharmacy, shopkeeper or retailer with a pharmacy. The company says it is working to build a “transfer without problems” of client recipes to other pharmacies.
But there is no guarantee that these files will end in a retailer near the location that is closing.
That can be a challenge because some rite help stores are found in rural areas, kilometers from another pharmacy, said Saunders, managing director of the GlobalData Data Consulting and Analysis Firm.
Recipe files can be valuable active because they can connect the pharmacy to acquire with a regular customer if that person adheres to the new store.
Rite AID, based in Philadelphia, had been closing stores and fighting with losses for years before his first bankruptcy presentation in 2023. The company says that its “only viable path to follow” is a return to bankruptcy procedures of Chapter 11.
The company said in a letter to suppliers that has been beaten with several financial challenges that have become more intense.
Rite Aid and its competitors have been dealing with stricter profits in their recipes, greater theft, Judicial agreements on opioid recipes and customers who are drifting on online purchases and discount retailers.
Walgreensthat has more than six times more stores than Rite Aid, agreed in March to be acquired by the private capital firm Sycamore Partners.
CVS health It also has closed stores.
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