Largest Pharmacy Chain Announced To Close Its Stores Permanently
Rite Aid has announced plans to close more locations, adding to the nearly 200 it has closed since filing for Chapter 11 bankruptcy protection last year.
The Philadelphia-based company has been reporting annual losses for several years and, like its rivals, faces financial risk from lawsuits over opioid prescriptions. Rite Aid already has reached several settlements, including one announced last year with the state of West Virginia for up to $30 million.
After filing for bankruptcy protection in mid-October, the chain announced the closures of more than 150 stores across 15 states. In late November, Rite Aid announced the closures of another 31 stores.
New court filings, dated Jan. 23, show the following 10 locations are now set to close:
5520 Woodruff Avenue, Lakewood, California
8694 Lake Murray Boulevard, San Diego, California
1020 East Broadway Street, Needles, California
200 North Antrim Way, Greencastle, Pennsylvania
2709 Broadway Avenue, Lorain, Ohio
249 7th Avenue, Brooklyn, New York
11350 Victory Boulevard, North Hollywood, California
9940 Sierra Avenue, Fontana, California
15596 West High Street, Middlefield, Ohio
7812 Flatlands Avenue, Brooklyn, New York
Rite Aid has not yet said when the closures will take place.
