Pharmacy retail giant Rite Aid has posted a year-on-year revenue decline of 2.4% to $25.7bn (£14 bn) for 2009, primarily as a result of 121 net store closures and a decline in same store sales of 0.9%.

Same store retail sales slid 2.9%, while pharmacy sales rose 0.1%. The number of prescriptions filled in stores increased 0.8% on a same store basis.

Net loss was $506.7m (£276m) compared with $2.9bn (£1.6bn) the year before.