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📢 New Podcast Episode Alert: The Ripple Effect of Rite Aid’s Latest Store Closures

Rite Aid is now closing 114 more stores across 12 states, with 13 in New York and 11 in New Jersey as part of its second Chapter 11 bankruptcy restructuring. Most closures are in Pennsylvania (42) and California (27) .

🔍 In our latest episode, we explore what this means for the local business ecosystem:
• Location Intelligence data from Unacast provides great insights into the following:
• Spillover effects on retailers
Pharmacies often drive traffic for adjacent businesses—convenience stores, coffee shops, health clinics. Losing those anchors may lead to declining walk-in volume in strip malls and downtowns.
• Commercial real estate and landlord risks
Suddenly vacant retail space means landlords scramble. Vacancies or lower rents may ripple across commercial real estate, impacting valuations and corner-store dynamics .
• Opportunities for local entrepreneurs
There’s space for independent pharmacies, health startups, retail diversifiers—especially those that utilize Geofencing to market to high-intent shoppers.
• Strategic shifts by surviving chains
Major players like CVS and Walgreens are opening specialized formats and digital-first storefronts. For local businesses, this translates into changing nearby consumer behavior and evolving competitive landscapes  .

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🎧 Tune in to uncover:
• How to leverage Unacast data to establish ground truth
• How Geofencing can grab displaced consumers
• Cullari & Wardell leverage Unacast and Artemis Targeting to seize opportunities

Ready to understand how these closures could impact your area—and what local leaders can do about it?

🚀 Listen now and join the conversation.

https://www.unacast.com/
https://www.artemistargeting.com
https://www.cullarimedia.com