Rite Aid announced Tuesday it is closing another 63 stores to save about $25 million per year.

New York (CNN Business)Rite Aid announced Tuesday it is closing another 63 stores to save about $25 million per year. After years of overexpansion, Rite Aid and other giant American pharmacy chains have struggled. They've been closing hundreds of stores over the past few years, despite the pandemic that has drawn people into pharmacies. Add this to the more than 900 stores CVS is already closing. CVS Health said it will close approximately 900 retail stores to align to evolving... Read more
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