Rite Aid
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 A Rite Aid store in Glendale, California, in 2023 | |
| Formerly | Thrift D Discount Center (1962–1968) |
|---|---|
| Type | Private |
| NYSE: RAD (1970-2023) OTC Pink: RADCQ (2023-2024) | |
| Industry | Retail |
| Founded | September 12, 1962 In Scranton, Pennsylvania, United States (Original company) 2026 (Website relaunch) |
| Founder | Alex Grass |
| Defunct | October 3, 2025 |
| Fate | Chapter 11 bankruptcy and liquidation, trademark ownership transferred to the otherwise unrelated company Rite Aid LLC |
| Headquarters | Philadelphia, Pennsylvania, United States (final) |
Number of locations |
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| Key people |
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| Products | |
| Revenue |  US$24.04 billion (FY2021) |
 US$47.14 million (FY2021) | |
| US$−90.9 million (FY2021) | |
| Total assets | US$9.335 billion (FY2021) |
| Total equity | US$615.2 million (FY2021) |
Number of employees |
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| Subsidiaries | Bartell Drugs |
| Website | riteaid |
Rite Aid Corporation was an American drugstore chain based in Philadelphia. Founded in 1962 in Scranton, Pennsylvania, at its peak it operated more than 5,000 stores. By May 2025, it operated only 1,200 stores across 15 U.S. states and was the seventh-largest pharmacy in the U.S. when taking into account big box chains.
The company filed for Chapter 11 bankruptcy in October 2023 due to a large debt load, thousands of lawsuits alleging involvement in the opioid crisis and a failed restructuring. It emerged in September 2024, but filed again less than a year later in May 2025, liquidating all remaining assets. Trademark ownership has since been transferred to the otherwise-unrelated company named Rite Aid LLC, legally based in Sheridan, Wyoming, which relaunched it as a web-based blood screening business.