Current:Home > InvestRite Aid closing more locations: 31 additional stores to be shuttered.-DB Wealth Institute B2 Expert Reviews
Rite Aid closing more locations: 31 additional stores to be shuttered.
View Date:2025-01-11 16:02:36
Pharmacy chain Rite Aid is shuttering an additional 31 stores in a dozen states, according to a recent bankruptcy court filing.
The company announced more than 150 other store closures last month when it filed for Chapter 11 bankruptcy protection. A Wednesday news release said it operates more than 2,300 retail pharmacy locations across 17 states.
Rite Aid spokesperson Catherine Carter said the stores that will be closing have been underperforming and will be closed “to further reduce rent expense and strengthen overall financial performance.” The company plans to give workers at closing stores the option to transfer to other locations.
Why did Rite Aid file for bankruptcy?
Rite Aid, one of the largest pharmacy chains in the country, filed for bankruptcy in October as it faced slumping sales and more than a thousand federal, state and local lawsuits accusing it of fueling the opioid epidemic by illegally filling painkiller prescriptions.
The company’s stock had dipped more than 95% over the past year and closed up 2.4% Wednesday at $0.22.
Other pharmacies closing
The closures come as the U.S. pharmacy system as a whole struggles to operate efficiently with less staff. Pharmacists at some of the nation’s largest chains have started to protest deteriorating working conditions, with employees at Rite Aid, Walgreens and CVS staging walkouts in recent months.
Other pharmacy chains have also been shuttering stores. Walgreens in July said it planned to close 150 locations in the U.S. and another 300 in the United Kingdom, and CVS in 2021 announced plans to close 300 stores per year over the next three years.
Prescription for disaster:America's broken pharmacy system in revolt over burnout and errors
Which Rite Aid stores are closing?
California:
- 1020 Al Tahoe Blvd. in South Lake Tahoe
- 11230 Donner Pass Road in Truckee
- 1475 41st Ave. in Capitola
- 49060 Road 426 in Oakhurst
- 5747 Kanan Road in Agoura
- 1350 North Vasco Road in Livermore
- 4980 Freeport Blvd. in Sacramento
Connecticut:
- 66 Church St. in New Haven
Maryland:
- 1301 East State St. in Delmar
Michigan:
- 1301 West 14 Mile Road in Clawson
- 3681 Shawnee Road in Bridgman
New Jersey:
- 93 Atlantic Blvd. in Beachwood
- 121 West Main St. in Moorestown
New York:
- 335 Route 25A in Miller Place
- 5825-35 Broadway in Bronx
Nevada:
- 1329 U.S. Hwy 395 North, #1 in Gardnerville
Ohio:
- 5033 Suder Ave. in Toledo
- 4332 Cleveland Ave., NW in Canton
- 501 Water St. in Chardon
Oregon:
- 435 Liberty Street, N.E. in Salem
- 785 South Columbia River Hwy in St. Helens
Pennsylvania:
- 927 Paoli Pike in West Chester
- 821 East Bishop St. in Bellefonte
- 6200 Saltsburg Road in Pittsburg
- 2545 Aramingo Ave. in Philadelphia
Virginia:
- 163 W. Ocean View Ave. in Norfolk
- 7601 Granby St. in Norfolk
- 4501 News Road in Williamsburg
Washington:
- 15801 Pacific Ave. in Tacoma
- 1628 5th Ave. in Seattle
- 691 Sleater Kinney Road SE in Lacey
Spokesperson Carter said the company has not confirmed any decisions on additional store closures at this time.
veryGood! (56382)
Related
- The Bachelorette's Desiree Hartsock Gives Birth, Welcomes Baby No. 3 With Chris Siegfried
- First rioters to breach a police perimeter during Capitol siege are sentenced to prison terms
- Rare G.K. Chesterton essay on mystery writing is itself a mystery
- 'Hero' 12-year-old boy shot and killed bear as it attacked his father in Wisconsin, report says
- Krispy Kreme is giving free dozens to early customers on World Kindness Day
- Jake Paul says Mike Tyson wasn't the only option for the Netflix fight. He offers details.
- Justice Department opens civil rights probe into sheriff’s office after torture of 2 Black men
- A couple found the Kentucky highway shooter’s remains by being bounty hunters for a week, they say
- Firefighters make progress, but Southern California wildfire rages on
- Pro-Palestinian protestor wearing keffiyeh charged with violating New York county’s face mask ban
Ranking
- Video shows Starlink satellite that resembled fireball breaking up over the Southwest: Watch
- Ohio sheriff condemned for saying people with Harris yard signs should have their addresses recorded
- JoJo was a teen sensation. At 33, she’s found her voice again
- A night with Peter Cat Recording Co., the New Delhi band that’s found global appeal
- 'Full House' star Dave Coulier diagnosed with stage 3 cancer
- A new life is proposed for Three Mile Island supplying power to Microsoft data centers
- Tourists can finally visit the Oval Office. A replica is opening near the White House on Monday
- Detroit Red Wings, Moritz Seider agree to 7-year deal worth $8.55 million per season
Recommendation
-
Florida Man Arrested for Cold Case Double Murder Almost 50 Years Later
-
Authorities were warned that gunman was planning to attack Yellowstone facility
-
Black Mirror Season 7 Cast Revealed
-
Former Bad Boy Rapper Shyne Barrow Says Sean Diddy Combs Destroyed His Life
-
Everard Burke Introduce
-
Wendy Williams received small sum for 'stomach-turning' Lifetime doc, lawsuit alleges
-
University of Cincinnati provost Valerio Ferme named new president of New Mexico State University
-
Nike names Elliott Hill as CEO, replacing John Donahoe