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Rite Aid's 'Zombie' stores take over America

As Rite Aid slashes its footprint and shelves go bare, America's once-reliable drugstore is fading into a shadow of its former self

Steven H. Gartner, executive vice president of real estate company CBRE ( CBRE-1.04%), told the Philadelphia Inquirer that many of the vacant locations are in good condition and have already been repurposed by grocers like Aldi and Dollar General ( DG+0.34%). To stabilize during its bankruptcy, Rite Aid secured court approval for a$200 million loan, but also agreed to enter settlement discussions with creditors and individuals suing it over its role in the U.S. opioid crisis. For those customers, the lack of local, reliable pharmacies makes accessing vital medications more difficult, forcing them to travel farther or deal with the inconvenience of limited stock and delayed orders, Moody’s ( MCO-0.92%) vice president of corporate finance Chedly Louis previously told Quartz.

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