Rite Aid Bankruptcy: What Does It Mean for Rivals?

What's Inside

Rite Aid—one of the largest pharmacy chains in the US, with more than 2,000 stores and 45,000 employees—filed for bankruptcy on October 15, 2023. We cover the reasons the retailer went bankrupt and the bankruptcy’s implications for Rite Aid’s competitors.

Data in this research report include:

• Total annual revenue and net income for Rite Aid for 2015–2023
• Major drugstore chains and pharmacies’ US store numbers as of October 2023
• Store traffic for selected US major drugstore retailers, for May 2022–May 2023
• Proprietary data on where US drugstore or pharmacy shoppers made purchases

Companies mentioned in this report include: Ahold Delhaize, Albertsons, Costco Wholesale Corporation, CVS Health, Kroger, Rite Aid, Walgreens, Walmart

Other relevant research:

• The latest report in our US and UK Bankruptcies Latest series, outlining developments as of mid-September 2023
• Reviewing America’s Retail Bankruptcies: A Slowdown in 2022 but Warning Signs Ahead
• The full collection of Weekly US and UK Store Openings and Closures Tracker reports
• The Coresight Research Retail Bankruptcies Databank