Rite Aid releases latest list of store closings, including 6 more in NH
The list of Rite Aid Pharmacy stores closing across the country continues to grow and now includes six more here in New Hampshire.
Eventually the entire chain will shutter, presenting a challenge for some in rural parts of the state who have come to rely on the chain's 46 Granite State stores for their needed medications.
The latest store closings include Hillsborough, Jaffrey, Littleton, Meredith, Newport and Winchester, according to federal bankruptcy court documents. A total of 14 stores in New Hampshire are set to close soon as the case proceeds in federal bankruptcy court in New Jersey.
NH Rite Aid closings announced so far
Bristol, 360 Summer St.
Durham, 5 Mill Road
Exeter, 75 Portsmouth Ave.
Hillsboro, 315 W. Main St.
Jaffrey, 14 Peterborough St.
Keene, 354 Winchester St.
Lee, 5 Calef Highway
Littleton, 136 Meadow St.
Meredith, 89 NH Rote 25
Newport, 51 S. Main St.
North Hampton, 72 Lafayette Road
Peterborough, 19 Wilton Road
Pittsfield, 41 Carroll St.
Winchester, 10 Main St.
SOURCE: U.S. Bankruptcy Court filings
The national drugstore chain filed for voluntary Chapter 11 bankruptcy protection last month.
CVS Pharmacy is set to take over Rite Aid and Bartell Drug stores in Washington, Oregon and Idaho, but no such lease takeovers or sales have been announced for New Hampshire. Such sales are not unheard of here — five Rite Aid locations in New Hampshire became Walgreens in 2018 after the sale of more than 1,900 stores nationwide.
Bids for Rite Aid's remaining assets, which include unexpired leases for existing Rite Aid stores, are due June 18, according to court documents.
Plymouth-based Mid-State Health, a federally qualified community health center committed to making sure quality care is affordable and accessible to all, is working with patients who will need to make an upcoming switch.
The closures came with short notice and hits areas of the state which already face health care challenges, said Bob MacLeod, Mid-State's CEO. Patients of Mid-State's Bristol and Lincoln health centers are worried about the Rite Aid closures in those towns because of limited options, he said.
'I think that is going to have a dramatic negative impact' in Bristol, he said. 'Folks are either going to have to go south of Bristol to maybe areas like Tilton or have to come back to the Plymouth area.'
Lincoln does another pharmacy option at Price Chopper.
Some communities like Plymouth will be less impacted with options including CVS, Hannaford and Walmart, MacLeod said. Mid-State's practice in Plymouth also has an in-house pharmacy operated by Genoa Pharmacy.
'Instead of five pharmacies in the Plymouth area, we will be down to four,' MacLeod said. The health center is looking to add in-house pharmacy service in both Bristol and Lincoln in the near future.
Mid-State has encouraged its patients to plan ahead to avoid interruptions with steps like contacting insurance providers, choosing a new pharmacy and requesting a profile transfer.
Access to prescriptions in these rural areas are "yet another challenge," he said. A full array of health care services is limited, "and quite frankly our patients and other patients don't need any other challenges."
Rite Aid's bankruptcy filings come after the company emerged from a similar filing in 2023. Many of the store shelves across the chain are left bare as products diminish, but customers can still get their prescriptions filled during the process.
'A key priority for Rite Aid is to ensure that as many of our loyal customers as possible continue to receive the pharmacy services and care they require without interruption,' Rite Aid CEO Matt Schroeder said in a statement.
jphelps@unionleader.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business of Fashion
3 hours ago
- Business of Fashion
Salomon and Arc'teryx Help Amer Sports Defy Downturn With Athleisure Bet
In 2020, Carlo Aragon started the 'Salomonology' Instagram page as a fashion moodboard to help him decide whether to invest $150 in a pair of Salomon XT-6s. He bought it, liking how the shoes looked 'unorthodox.' Others did too — the account now has almost 150,000 followers, intrigued by how trail shoes can pair with streetwear. Aragon's Instagram fame mirrors the ascent of Amer Sports Inc., the company behind Salomon. Since its New York Stock Exchange debut in February 2024, the Helsinki-based group, which also owns outerwear brand Arc'teryx and sports equipment maker Wilson, has nearly tripled its market value to $21 billion. It has outpaced peers like On Holding AG, Hoka parent company Deckers Outdoor Corp. and Anta Sports Products Ltd., the Chinese sporting goods giant that owns a 42% stake in Amer Sports. Amer Sports' growth has beaten the consumer downturn by riding the outdoor activity wave. It's among the mid-tier luxury brands offering shoppers high-quality goods that don't break the bank. The bulk of this rally occurred recently, following first-quarter results that defied a rocky global economy. Sales topped expectations, and the company raised its outlook while others cut theirs. Growth of its Technical Apparel and Outdoor Performance divisions — which respectively house Arc'teryx and Salomon — boosted results, Chief Executive Officer James Zheng said in the most recent earnings call, highlighting the brands' potential. While Salomon sneakers surpassed $1 billion in sales in 2024, it's a fraction of the $180 billion global sneaker market, and Arc'teryx is 'very under-penetrated globally,' he said in the call. Amer Sports declined a request for an interview with an executive. Reversal of fortunes Amer Sports wasn't always this successful. Shares remained subdued after the IPO due to high debt, low trading volume, and significant exposure to a lagging Chinese economy, said Laurent Vasilescu, an analyst at BNP Paribas Exane, who rates the stock outperform. Then in December, Amer Sports issued shares to pay down most of its debt. This move reduced leverage and boosted trading volume, alleviating two of the three primary investor concerns, Vasilescu said in an interview. China, which accounts for about 30% of the company's revenue, remains a concern, though sales in the market have bested expectations every quarter since the IPO. Premium sportswear and outdoor market gear is one of the fastest-growing consumer segments in China, attracting younger and female consumers, as well as luxury shoppers, Chief Financial Officer Andrew Page said on the earnings call. Glamping — short for glamorous camping — and gorpcore – wearing outdoor clothes as everyday wear – are currently trending in China, Vasilescu said. Amer Sports is also attracting middle- and upper-income customers who like the 'quiet luxury' aesthetic and the upscale in-store shopping experience of its brands, he added. That's happening in the US too, where celebrities like Timothée Chalamet and Bella Hadid have been spotted wearing Salomon shoes. Sales in its Americas division have grown every year since 2020 – the earliest publicly available results – though at a slower pace than Greater China's, which is estimated to overtake Europe, the Middle East and Africa as Amer Sports' second-largest market by revenue this year. One fan is Gabriella Gonzalez, a 29-year-old stylist who popped by a Salomon store in New York City's SoHo shopping district on a Friday afternoon. She praised the breathability, waterproofing and style of her pink-and-black XT-6 shoes. 'They make my outfits pop,' she said. About half a mile away is Arc'teryx's largest US store. Customer Chris Rojes said he doesn't mind paying more for Arc'teryx's gear over other brands. 'You feel more special in them.' Arc'teryx distinguishes itself from other outdoor apparel brands like Patagonia Inc. and VF Corp's The North Face through a 'much higher level of premiumization,' said TD Cowen analyst John Kernan, who has a buy rating on Amer Sports. Despite higher prices, consumers are willing to pay for Arc'teryx's 'leading innovation.' Declining consumer brand loyalty and a growing desire for variety also creates an opportunity for Salomon and Arc'teryx to gain market share from industry leaders like Nike Inc. and Adidas AG, Vasilescu said. To keep flying high, Amer Sports needs to go global, analysts said, warning that it's an uphill battle. 'We believe that the global brand rollout will not be easy' due to Arc'teryx's high price points and intense competition in Western outerwear markets, said HSBC analyst Akshay Gupta, who has a hold rating on the company. Morningstar analyst Ivan Su, who has a sell rating, believes Amer Sports' would need a compound annual growth rate of 20% over the next five years to support its currently high valuation, which would require 'near flawless execution' globally. By Rachel Phua and Rachel Yeo Learn more: Amer Sports Raises 2025 Guidance on Strong Demand for Arc'teryx and Salomon Footwear Shares of the athletic apparel and equipment maker hit an all-time high on Tuesday.
Yahoo
5 hours ago
- Yahoo
Rite Aid's Thrifty ice cream brand gets sold to a business entity linked to Monster Energy executives
Rite Aid has selected a successful bidder for its Thrifty Payless subsidiary, which includes the beloved Thrifty ice cream brand, according to a bankruptcy court filing on Thursday. He was buried in a mushroom casket. Soon he'll be part of the soil CEO of an $11 billion builder empire warns that these housing markets face a short-term oversupply Lifting the veil on the critical—and oft-times overlooked—factors driving AI growth The buyer was identified as Hilrod Holdings, a limited partnership linked to Hilton Schlosberg and Rodney Sacks, top executives at the energy drink company Monster Beverage Corporation. Hilrod is seeking to pay $19.2 million for Thrifty's assets, the filing revealed. The partnership is mostly known for its real estate investments Thrifty ice cream is available at scoop counters located inside many Rite Aid locations in addition to being sold by third-party retailers. It was not immediately clear what Hilrod plans to do with Thrifty should the sale be approved by the court. A hearing on the matter is scheduled for June 30. Fast Company reached out to a lawyer for Hilrod Holdings, and representatives for Monster Beverage and Rite Aid for comment. We will update this story if we hear back. Schlosberg and Sacks had until recently been co-CEOs of Monster Beverage. A filing with the Securities and Exchange Commission (SEC) revealed that Sacks planned to retire this month, while Schlosberg would continue to lead the company. The fate of Thrifty ice cream has been uncertain since Rite Aid announced in early May that it would see Chapter 11 bankruptcy protection for a second time. The embattled pharmacy chain is winding down its operations, closing or selling its physical stores, and has sold off most of its prescription files to competitors, including CVS and Walgreens. The Thrifty brand stretches back decades in Los Angeles, where it was sold at soda fountain counters inside the Thrifty Drug Store chain. It became part of Rite Aid through Rite Aid's purchase of Thrifty Payless in 1996. This story is developing and could be updated. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
5 hours ago
- Business Wire
MITER Brands Announces Sale of Eze-Breeze Porch Enclosures
HARRISBURG, Pa.--(BUSINESS WIRE)-- MITER Brands, a leading provider of high-quality windows and doors, is pleased to announce the sale of its Eze-Breeze Porch Enclosures brand to Bob Keller, the current President of Eze-Breeze, in partnership with Jewell Hollow LLC and its Managing Partner, Zach Coopersmith. Eze-Breeze, a market-leading and trusted name in the porch enclosure market, was started in 1980 by current MITER Brands board member Rod Hershberger and will now operate as an independent entity under the ownership of Keller and Coopersmith. The sale reflects the commitment of MITER Brands to streamline its business operations and concentrate resources on its core products and brands. This divestiture will enable MITER Brands to more effectively and efficiently allocate resources to increase production capacity in its other Florida-based window and door facilities, supporting its commitment to manufacturing the finest products, services, and customer experiences every day, everywhere. 'We are incredibly pleased that Eze-Breeze is being acquired by Bob Keller, whose expertise and vision align perfectly with the brand," said Ali Zahrieh, Senior Vice President of Strategy and M&A with MITER Brands. 'This transaction allows MITER Brands to further focus on our glass window and door products and related technologies while ensuring that Eze-Breeze is provided the dedicated attention needed for the brand to thrive." "I am excited to lead Eze-Breeze into a new era, with a focus on expanding the brand and fostering growth opportunities for our team and partners,' shared Keller. 'With support from my partner Zach Coopersmith, Managing Partner of Jewell Hollow LLC, our dedicated team is looking forward to strengthening the long-standing relationships with our trusted dealers and collaborating to advance their businesses and the Eze-Breeze brand." 'Bob has been a respected leader within the building products industry for decades, and having worked closely with him since 2016, I have seen firsthand the vision, focus, flexibility, integrity, and inspiration he provides to a team,' added Rod Hershberger, MITER Brands board member. 'Eze-Breeze was the original product brand that I helped bring to the market back in 1980, and it has been enhancing the lives of homeowners ever since. I'm thrilled to see Bob leading it into its next chapter, and I am excited for the future of the Eze-Breeze brand and team with him at the helm.' About MITER Brands Founded in 1947, MITER Brands is a residential window and door manufacturer that produces a portfolio of window and door brands for the new construction and replacement segments with an owner-operated, family-first approach. With more than 20 manufacturing facilities throughout the United States, MITER Brands is a nationwide supplier of precision-built and energy-efficient products. Through optimized manufacturing, valued relationships, and dedicated team members coast to coast, MITER Brands instills confidence and drives quality customer experiences. For more information, visit About Eze-Breeze Eze-Breeze, established in 1980, is the leading manufacturer of innovative porch and patio enclosure systems, proudly made in the USA. With a strong reputation for quality, flexibility, and ease of installation, Eze-Breeze products help homeowners and builders create versatile, comfortable outdoor living spaces. Committed to customer satisfaction and dealer success, Eze-Breeze combines industry expertise with a family-oriented approach to deliver solutions that enhance the way people enjoy their homes. For more information, visit About Jewell Hollow Jewell Hollow is an investment firm that partners with exceptional operators and founders of private companies across a wide range of industries. With flexible, creative capital solutions, Jewell Hollow invests across the capital structure—including debt and equity, minority or majority positions—tailoring each investment to fit the needs of its partners. The firm backs visionary teams with an 'operator-first' philosophy at its core. Above all, Jewell Hollow is built around people. It is driven by a deep respect for legacy, aligned partnerships, and the belief that great businesses are shaped by the strength of those who lead them.
