Corporate bankruptcy to close Gardnerville Rite Aid

Beer was half-off at the Rite Aid on Thursday.

Beer was half-off at the Rite Aid on Thursday.

You know it’s bad when the beer is half off.

Nevada’s last Rite Aid, located in Gardnerville, was busy with bargain hunters on Thursday as it prepares to close as part of its parent company’s bankruptcy.

The spot in the Carson Valley Faire Shopping Center has always been a drug store.

Ground broke on the center in 1989 and the store opened in 1990.

The Rite Aid took over the former Payless Drug in 1997 after the acquisition of the parent company, Thrifty Payless in October 1996.

Most of the stores the company purchased were located in the West.

Rite Aid closed all of its other stores in Nevada in 2008, leaving the Gardnerville store as the last one in the state for the past 15 years.

On Oct. 15, 2023, the Rite Aid Corporation filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court in the District of New Jersey.

“Implementing the contemplated restructuring plan will significantly reduce the company’s debt, increase its financial flexibility and enable it to execute on key initiatives, “according to the company. “In connection with this, Rite Aid has initiated a voluntary court-supervised process under Chapter 11 of the U.S. Bankruptcy Code.”

Gardnerville employees were notified of the closure on Nov. 27.

The Record-Courier reached out to the company that day but has yet to hear back.

It has been just over 10 years since the Scolari’s closed on Nov. 29, 2013.

The store was split in half with Grocery Outlet taking over grocery duties and Bealls operating a retail store. That store lasted until just before the pandemic, when it was going to be converted to a Gordman’s. That store was scheduled to open March 17, 2020, the day the coronavirus lockdown was announced. A new Harbor Freight opened in the space earlier this year.


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