Yes, the filing of Rite Aid for bankruptcy protection means that pharmacies will continue to dwindle in the future. Rite Aid’s filing for bankruptcy protection reflects the difficulty that pharmacies have had in competing against larger chains like CVS and Walgreens. These larger chains have been able to obtain lower prices from pharmaceutical manufacturers and distributors, giving them a competitive advantage over smaller, independent pharmacies. Additionally, online pharmacies and mail-order prescription services have made it easier for customers to purchase prescriptions from companies other than traditional brick-and-mortar pharmacies. The rise of these alternate services has put further pressure on small pharmacies, forcing them to reduce services or close entirely.
