Rite Aid to Close Over 200 Stores as Part of Ongoing Bankruptcy Restructuring Plan

• Rite Aid is closing 53 more stores across 9 states as part of its bankruptcy proceedings • This brings the total number of planned store closures to over 200 locations • The company filed for bankruptcy in October to address high debt and shut down poor performing stores • Rite Aid is finalizing agreements related to opioid sales probes and needs bondholder approval of its restructuring plan • The company expects to seek final bankruptcy court approval of its restructuring plan on April 22