Rite Aid Closing 154 Stores Nationwide, Including 11 in Washington, After Declaring Bankruptcy

Rite Aid announced it is closing 154 stores nationwide after recently filing for bankruptcy amid struggling sales and lawsuits.

The third-largest U.S. drugstore chain declared bankruptcy on Sunday. It obtained $3.45 billion in fresh financing.

11 Washington Rite Aid and Bartell Drug stores are among those closing, including 6 in Seattle metro.

The company settled lawsuits in 2022 alleging pharmacies contributed to opioid oversupply, agreeing to pay up to $30 million.

Rite Aid says the bankruptcy filing is part of a restructuring plan to cut debt and position itself for future growth.