Rite Aid's bankruptcy and store closures (2025)
Rite Aid filed for bankruptcy in 2025 and closed all of its stores, per the Philadelphia Inquirer. More than 1,200 properties went up for sale across 15 states, including 121 in Greater Philadelphia, according to CRE Daily.
Storefronts sat vacant across the region, including in Tacony.
Developers and businesses began converting former Rite Aid buildings into housing, medical offices, and stores.
Super Foodtown of Tacony occupies one of those vacant storefronts, showing how the drugstore's retreat created openings for grocers.
