40 Brands That Are Closing Stores This Year

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The drug store chain Rite Aid has been struggling quite a bit in the last few years. In 2022 alone, the business closed more than 140 stores nationwide. However, this doesn't seem like it was enough to help keep the chain afloat, and even more closures are expected in 2023. 

Rite Aid

According to the company's CFO Matt Schroeder, the 2022 closures did help reduce costs for the company, so they plan on continuing that trend. That's not great news for people who shop or work at the affected Rite Aid stores! We'll just have to wait and see how many stores get the axe this year. 

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