Drugstore chain Rite Aid said Tuesday it plans to shutter at least 63 stores as it reassesses how many locations it needs in the United States.
It turns out the store is closing because of all the shoplifting : ‘These criminals know there are no ramifications. We have to put more of these mfers in jail,’ he said. The Rite Aid in the video, on 80th Street and 2nd Avenue, is hit with thefts of the same nature on an almost daily basis, a security guard told Rapaport.
Some articles claimed new York actor and comedian Michael Rapaport posted another online video Sunday from his local Rite Aid on the Upper East Side — this time saying the store is closing down because of incessant shoplifting .
Rite Aid said its goal is to reduce costs, boost profitability and have a “healthy foundation .” The company said the 63 closures, which began last month, are expected to boost its earnings before interest, taxes, depreciation and amortization by roughly $25 million.
Why is Rite Aid closing in Hell’s Kitchen?
The Rite Aid at the corner of 50th Street and Eighth Avenue in Hell’s Kitchen is set to close Feb. 8 because of ceaseless thievery . Sources told the Post that thieves have run off with more than $200,000 worth of merchandise in the past two months alone.
50th St. in Manhattan is closing in February 2022.
This begs the inquiry “Why is Rite Aid remodeling its stores?”
One source argued that rite Aid (RAD), which is significantly smaller number than rivals CVS (CVS) or Walgreens (WBA), has been in the midst of remodeling some of its stores to focus on allocating more space for beauty and personal care items , as well as vitamins and supplements, and less for stationary and household appliances.
Is your Rite Aid closing or turning into a Walgreens?
600 Rite Aid stores will close as part of the acquisition . After Rite Aid announced the sale of more than 1,900 stores to Walgreens last year, about two-thirds of local Rite Aid stores listed on the chain’s website appear to be slated for full store rebranding by 2020.
Many Rite Aid pharmacy counters transitioned to the Walgreens chain earlier this year. Customers were shifted to the Walgreens prescription insurance network and the Walgreens website/mobile app. Pharmacy staff were expected to remain the same, according to the Walgreens website.
A inquiry we ran across in our research was “How to find a Rite Aid near me?”.
All you need to do is simply type the city, zip code, state of your current location to avail the nearest store and its operating hours. You can even choose the Google Maps tool to locate the Rite Aid as well as its working schedule.
What time do rite aid close on sunday?
On Sunday, most of the Rite Aid Pharmacy follow its operating time like other regular days. Open at 8:00 AM and close at 10:00 PM . Few stores reduce its one or two hours on Sunday.
The majority of Rite Aid stores generally stay open on the following holidays, though reduced hours may apply: What time does Rite Aid open ?
What are the hours of operation for Rite Aid stores?
These are the typical hours of operation, though the exact times can vary from location to location: Monday to Sunday Hours. Pharmacy hours can vary. Stores may operate on holiday schedules with reduced hours. Many locations will open late and/or close early on holidays. Rite Aid holiday hours of operation .
What time does goodwill close?
Goodwill Hours of Operation Goodwill stores usually remain open or somewhat operational, from 9 am to 9 pm throughout the week. Some Goodwill stores even stay open till 11 pm from Monday through Friday . Goodwill has various offers on prices, etc. going on throughout the week.