rite aid files for 2nd bankruptcy

rite aid has filed for a second bankruptcy as of may 2025, and shoppers should be prepared for major changes. the company says most stores will remain open "for the next few months" while it seeks buyers for assets, but many locations are expected to close soon. all 178 stores in new york are already set to shut down, and unverified reports from reddit suggest all new jersey stores may be next, though no official announcement has been made.

bonus cash earning offers have been "paused" since 03/30/25, and it's unlikely they’ll return. while existing bonus cash balances can still be redeemed at open locations, it’s smart to use rewards and gift cards sooner rather than later—especially as some stores stop restocking and prepare for liquidation. keep an eye on local updates and store signage as the situation continues to evolve.

sources / credit: Rite Aid says a majority of its stores will remain open for the next few months (pennlive.com) | reddit.com/r/RiteAid/ | Rite Aid to close all locations in New York State (wkbw.com) | Rite Aid tells vendors it ‘has generally stopped purchasing goods and services’ (pennlive.com)