Bankrupt retail chain closing dozens more store locations
The popular retail chain is closing over 100 more stores in bankruptcy.
The drugstore retail sector has closed hundreds of stores over the last four years for a variety of reasons, including losses from theft of merchandise, underperforming stores that no longer make economic sense to operate, and stores with lease rates too high for the market rate.
The nation's biggest drugstore chains have been busy since 2021 seeking to cut costs and losses by shutting down stores.
