Rite Aid To Close, Over 60 Stores.<br />On Dec. 21, the company announced it <br />will shutter another 63 stores.<br />The closures are meant to help Rite Aid "reduce costs, drive improved profitability and ensure that we have a healthy foundation to grow from.".<br />The closures are meant to help Rite Aid "reduce costs, drive improved profitability and ensure that we have a healthy foundation to grow from.".<br />The pharmacy chain said it will save them <br />about $25 million per year.<br />The pharmacy chain said it will save them <br />about $25 million per year.<br />Currently, Rite Aid has about 2,500 stores throughout 19 states.<br />CVS also recently announced it would be closing 900 stores over the next three years.<br />E-commerce has undoubtedly played a role in prompting these closures.<br />as more and more consumers opt to fill their prescriptions and shop for other items online.<br />Convenience and an abundance of caution amid the omnipresent coronavirus appear to take precedent for now
