With even more closures announced, it looks like Rite Aid will likely be a thing of the past. The company’s website announced the suspension of its rewards program in late May, and as of June 5, the company will no longer honor gift cards or accept returns and exchanges. The company listed all its locations for sale in May 2025 in hopes a buyer would come forward to save the brand. In addition to the pharmacy’s retail locations, the sale and closures would also mean the end of Thrifty Ice Cream. The company announced it would close hundreds of Thrifty Ice Cream locations, marking the end of an era. Rite Aid Will Close Almost 500 Retail Stores According to Daily Mail, Rite Aid initially announced plans to close 361 stores but recently announced an additional 111 locations, with 39 in both California and New York shuttering. It’s unclear when the final day of business will take place. CVS entered into an agreement to purchase 64 Rite Aid locations in Idaho, Oregon, and Washington, The Hill reported. The company looks forward to the future. “We’re well-positioned to serve our existing customers and patients, as well as those who may be transitioning to us from Rite Aid and are excited to introduce them to our best-in-class front store and pharmacy offerings, upon the closings of the transactions,” CVS said in a statement shared with Nexstar. “We’re working closely with Rite Aid on plans to ensure that the transition will be seamless for patients and customers and access to pharmacy care is not interrupted.” Walgreens also entered an agreement with Rite Aid not to purchase retail locations but to acquire prescription files from locations across nine states. Walgreens expressed its excitement with Nexstar and said it looked forward to “providing Rite Aid’s customers with greater access to a wide range of trusted pharmacy and healthcare services.” This story’s featured image is by JHVEPhoto via Shutterstock. The post Rite Aid To Close Nearly 500 Locations As Its Future Looms appeared first on InspireMore.