This popular chain closes the locations this week
These are not the only stores that the retailer will close this year.
Many of us count on brick and mortar stores every day, which we need to collect ingredients for dinner, a gift we had forgotten, or prescription drugs. And when these local establishmentsClose their doors, it can be both frustrating and annoying.
Nowadays, it is quite easy to order everything you need online, but even Amazon Prime cannot get any necessities at your doorimmediately. But unfortunately, another store that you can frequent has announced closings this week, which could affect your daily or weekly shopping trip. Read the rest to find out which popular chain closes the locations.
Read this then:These are all walmart locations closing forever by the end of May.
Many well -known channels have recently closed stores.
In April, it was announced that twoBarnes & noble locations In the Boston regionClosing in May. A location in Saugus, the Massachusetts will officially close on May 22, while the Braintree bookstore, located at the Prudential Center in Boston, will close on June 19. . Walmart is another retailer who has made the headlines lately so that his plan firm five "underperforming" locations in the United States, including two in Ohio, one in Kentucky, one in Washington and one in Connecticut. And this week, a popular pharmacy will make its discoveries.
Two of these pharmacy chain locations end.
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This week, twoRite assistance locations In the large Sacramento region, the doors have closed, theSacramento Business Journal reported. On May 3, one of the East Sacramento pharmacies was closed, and today, on May 5, an AID rite in Roseville also closed its doors.
These closings are part of a wider initiative of AID Rite - and another pharmacy followed suit.
On April 14, 2022, Rite Aid announced that it would close 145 "Non -profitable stores"During 2022. This updated an initial announcement from December 2021, which first presented plans forClose. The closures coincide with an effort for "considerably reduce costs"For the company," said the April announcement.
The announcement also described the company's profits for the previous year, ending in February 2022, which showed a net loss against continuous operations of $ 389.1 million in the last quarter. According toHeyward Donigan, The president and chief executive officer of Rite Aid, the company still knows the challenges of the Pandemic Covid-19, but feels "ready and energetic" when he progresses. Despite these losses from the fourth quarter, the company has seen progress during the full financial year - with revenues from $ 525 million to 24.6 billion dollars - which is largely attributed to a 12% increase in 12% its pharmacy sales.
Rite Aid is not the only one to face these problems:CVS also closes stores, from this spring. In November 2021, the pharmacies channel announced that it would close 300 locations in 2022 and eliminate 900 stores by 2023. The retailer said that he would look at adigital strategy, but always plans to maintain a great physical presence, according to a press release from the company.
Four other aid rites were closed in the Sacramento region earlier this year.
Help stores closed this week are not the first to have a chopping block in Sacramento - your other locations have been closed so far this year, theBusiness newspaperreported.
On February 28, an AID rite in the city center of the city was closed and on March 3, a location in Midtown closed its doors. After the Rite Aid update announcement in April, an East SacramentoRite aid closed On March 28, followed by a store in Cameron Park on April 6.
However,TERRA HICKEY, The Rite Aid Public Relations Director confirmed that other Sacramento Rite Aid stores were safe at present.
"Currently, there are no other closures planned for this area," said Hickey in an emailBusiness newspaper . "These stores and the others are among the 145 stores that have been identified for the closure between fall 2021 and June this year."
Read this then: This popular grocery chain closes stores, starting on Friday .
