CVS is set to take over numerous Rite Aid locations in Washington and Idaho, according to court documents. However, specific stores affected by the acquisition have not yet been disclosed.
A hearing regarding the acquisition is scheduled for next week. This move is part of a broader trend where other major retailers, such as Walgreens and Albertsons, are purchasing stores across the country.
This development follows Rite Aid’s recent filing for bankruptcy, marking the second time in less than two years. The acquisition could lead to significant changes in the local retail landscape, impacting both customers and employees.
