As national pharmacy chain Rite Aid continues to grapple with the aftermath of filing for bankruptcy last year, another 27 stores are slated for closure in two states, according to court documents.
Since filing in October last year, Rite Aid has identified and closed more than 500 stores nationwide, citing a need to "further reduce rent expense and strengthen overall financial performance.”
The closures started with over 100 stores in the initial round, with smaller swaths of roughly 10 to 30 stores shuttering in fits over the intervening months.
Pharmacy closures:Walgreens plans to close a significant amount of underperforming stores in the US
Saddled with billions of dollars of debt, Rite Aid filed for bankruptcy amid decreasing sales. The company also faced more than a thousand federal, state and local lawsuits accusing it of illegally filling painkiller prescriptions.
New court filings revealed the company plans to close 27 additional locations with an unknown amount to come. Here's a look at all of the Rite Aid locations that will shut down in the latest set of closures.
The latest closures are happening in Ohio (15 stores) and Michigan (12 stores), according to court documents.
This round of closings is the latest in a series from the pharmacy chain, which announced the shuttering of 55 stores in January and another seven in April. These came after the company closed an initial 154 underperforming stores when it filed for Chapter 11 bankruptcy in October.
USA TODAY reached out to Rite Aid for comment.
Contributing: Gabe Hauari, USA TODAY
2025-01-12 14:562749 view
2025-01-12 14:542061 view
2025-01-12 14:351717 view
2025-01-12 14:211685 view
2025-01-12 14:06884 view
2025-01-12 12:58576 view
Fewer grandparents were living with and taking care of grandchildren, there was a decline in young c
BUCHAREST, Romania (AP) — A Romanian court on Friday rejected a request by the divisive influencer A
BEIJING (AP) — The strong earthquake that hit northwest China this week, and killed at least 148 peo
