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CVS and Walgreens Thrive Amidst Rite Aid's Demise
ByAinvest
Monday, Sep 1, 2025 9:58 pm ET1min read
Rite Aid, a 63-year-old retail chain, is winding down its business operations after filing for Chapter 11 bankruptcy. Despite rising costs and increased competition from major retailers like Costco, CVS, and Walgreens, Rite Aid shut down more stores than estimated. CVS reported a strong 8.4% revenue increase in the first half of 2025, while Walgreens saw a 7.2% sales increase in the third quarter.
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