All articles tagged with #store acquisition
CVS Pharmacy has completed the purchase of 63 former Rite Aid stores across Idaho, Oregon, and Washington, along with the prescription files of 626 pharmacies, transitioning nine million customers and hiring over 3,500 former Rite Aid and Bartell Drugs employees, as Rite Aid filed for Chapter 11 bankruptcy and closed all its stores.
Following Big Lots' bankruptcy and store closures, three well-known retailers—Burlington, Ocean State Job Lot, and Ollie's Bargain Outlet—purchased former Big Lots locations in Massachusetts, including stores in Revere, Webster, Auburn, Fitchburg, and Pittsfield.
Dollar Tree has acquired leases for 170 stores from the bankrupt 99 Cents Only chain in Arizona, California, Nevada, and Texas. These stores will reopen under the Dollar Tree brand starting in the fall, marking a significant consolidation in the retail industry. This acquisition allows Dollar Tree to expand its presence on the West Coast more cost-effectively than building new stores.