Rite Aid to terminate operation of 28 stores in Nevada

January 10, 2008

Rite Aid to exit Las Vegas market.

Rite Aid Corp. announced that it will terminate its operation of 27 Rite Aid stores in the metro Las Vegas, Nev., market and has signed an agreement to sell patient prescription files of the 27 stores in the Las Vegas metro market to Walgreens. Rite Aid said it is in the process of also selling the prescription files of the one store it operates in Mesquite, Nev., and will also close that store. The chain added that it will continue to operate its remaining store in Nevada in Gardnerville, which is close to the border of California. Rite Aid said Las Vegas is a non-core market for the company that has not been contributing to overall results. The company hasn't opened a new store in the Las Vegas area since 1999.

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