The pharmaceutical industry has taken hit after hit recently: from lawsuits and bankruptcies , to mass store closings long-term and growing pharmacy deserts , the industry just can’t catch a break.

And its outlook doesn’t seem to be getting any brighter.

Once a prominent competitor in the pharmaceutical industry, Rite Aid has officially shut down all of its remaining stores after battling years of financial strain and bankruptcy.

Read more: Beloved retail chains continue closing stores nationwide, hundreds face layoffs

“All Rite Aid stores have now closed,“ the company recently announced . “We thank our loyal customers for their many years of support.”

The move comes less than two years after filing for Chapter 11 Bankruptcy in October 2023 , citing massive long-term deb

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