American drugstore chain Rite Aid filed for Chapter 11 bankruptcy in May 2025. In a recent statement, the company announced that some or all of its stores will be shut down in the upcoming days.

After announcing that it would be entering bankruptcy, Rite Aid is now slated to begin a process of auctioning off most of its locations.

“Rite Aid has been actively seeking capital, including negotiating with its lenders for additional capital to continue to run its business,” Matthew C. Schroeder, CEO of the company, said in the Pennsylvania layoff notice dated May 5. “Unfortunately, our efforts were unsuccessful.”