More than 30 Rite Aid locations are closing throughout the tri-state as the pharmacy chain files for bankruptcy. See which stores are closing.
The company submitted a list of 154 stores in a court filing that are set to close, though added that it may close additional stores as wellRite Aid plans to plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process.
The company submitted a list of 154 stores in a court filing that are set to close, though added that it may close additional stores as wellThe company submitted a list of 154 stores in a court filing. Most of the chain’s stores are on the East and West Coasts, and the list reflects that. Several locations in New York, New Jersey, Pennsylvania, California and Washington made the list. The company also plans to close some stores in Michigan and Ohio as well.
Rite Aid said in a recent Securities and Exchange Commission filing that it has more than 2,200 locations in 17 states.lost about $1.3 billion in the first half of its fiscal yeargoing through its voluntary Chapter 11 process will help significantly cut the company’s debt and resolve litigation “in an equitable manner.” The Philadelphia company has struggled financially for years and also faces financial risk from lawsuits over opioid prescriptions like its bigger rivals, CVS and Walgreens.
Here's a full list of Rite Aid locations in New York, New Jersey and Connecticut that will be closed, according to court documents:
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