The Rite Aid pharmacies in the Newtown area are closed, with the company’s remaining local stores clearing shelves and selling fixtures.
The last of the local pharmacies closed earlier this month after most others shut down earlier in the summer.
Rite Aid had stores on Ice Cream Alley in Newtown Township and at the Summit Square shopping center along the Newtown Bypass in Middletown Township are nearing their final days with deep discounts being advertised.
The closures are part of a nationwide trend for the Philadelphia-based company, which filed for bankruptcy in spring.
The 2025 filing marked the second time the company has faced bankruptcy.
It first filed in 2023 and re-emerged in 2024 with the goal of righting the company’s finances.
Although the company restructured, local stores were often left with bare shelves leading up to the store closing signs going up.
In a statement in May, Rite Aid said it was “pursuing a strategic and value-maximizing sale process for substantially all of its assets.”
“For more than 60 years, Rite Aid has been a proud provider of pharmacy services and products to our loyal customers,” Matt Schroeder, CEO of Rite Aid, said at the time. “While we have continued to face financial challenges, intensified by the rapidly evolving retail and healthcare landscapes in which we operate, we are encouraged by meaningful interest from a number of potential national and regional strategic acquirors.”
Last month, Rite Aid sold its pharmacy assets to several companies, including CVS Pharmacy, Walgreens, Albertsons, and Kroger.
The company attributed its financial troubles to costs from vendors, macroeconomic pressures, and reduced consumer spending.
Rite Aid stopped honoring gift cards and accepting returns or exchanges after June 5.
Nationwide, the number of operating Rite Aid stores has been shrinking since the company’s latest bankruptcy filing, down from more than 1,000 stores earlier this year.
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Customers of the now-closed pharmacies are being transferred to nearby pharmacies.
The company stated it plans to sell and divest assets not sold through the bankruptcy process.
The full number of jobs lost has not been reported, but Rite Aid filed with the Pennsylvania Department of Labor and Industry in spring that more than 1,000 people between its headquarters in Philadelphia and an office in York County were being laid off.
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