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Rite Aid to Close 28 Stores in the Las Vegas Area

1/7/2008

Harrisburg, Pa. Rite Aid Corp. said Friday it will close 28 unprofitable stores in the Las Vegas area to focus on its core markets.

Some of the stores were previously part of the Thrifty PayLess chain that Rite Aid acquired in 1997. The company has not opened a new store in Las Vegas since 1999.

Rite Aid will sell patient prescription files of 27 stores in the Las Vegas metro market—including Las Vegas, North Las Vegas and Henderson—to Walgreen Co. It is also selling the prescription files of a store in nearby Mesquite, Nev., that will close.

Sale terms were not disclosed.

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