Sam’s Clubs pharmacy chain is shutting down after a lack of funding.
The chain is currently in bankruptcy proceedings and the chain’s owner has been ordered to pay $5.6 million in penalties.
The pharmacy chain closed its doors in October 2017 after its parent company, Sam’s Pharmacy Co., filed for Chapter 11 bankruptcy protection.
The company said the company would not be able to meet its obligations under the bankruptcy law, and had not received the funds it needed to operate.
The retailer said it would close its doors on February 1, 2019.
Sam’s CEO, James Fries, has also pleaded guilty to felony fraud charges related to a scheme that bilked his former company out of $150 million in fraudulent claims, and pleaded guilty in October 2018.
Fries was convicted of wire fraud and one count of money laundering, and is serving two years in prison.