A LEADING pharmacy chain has announced plans to shutter an additional 68 locations.
The news follows the company’s recent Chapter 11 bankruptcy filing.
Rite Aid is set to close 68 more stores as part of its ongoing bankruptcy proceedings, the company confirmed in a court filing on May 9.
The closures were added to the growing list in the US Bankruptcy Court for the District of New Jersey, where Rite Aid began Chapter 11 proceedings earlier this month.
The retail pharmacy chain, which operates approximately 1,240 locations across 15 states, first announced its bankruptcy on May 5.
The filing cited mounting debt and economic pressures in the retail and healthcare sectors.
RESTRUCTURING PLANS
According to the company, store closures and sales will be a key part of its restructuring strategy.
“As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible,” Rite Aid CEO Matt Schroeder said in a statement.
The company emphasized that pharmacy services will remain available during the transition.
“Rite Aid customers can continue to access pharmacy services and products in stores and online, including prescriptions and immunizations,” it said in a release.
The newly added closures are just one phase of a larger plan to sell off or shutter underperforming locations.
CLOSING LOCATIONS
Rite Aid said it is actively seeking buyers for some stores but is also preparing for additional store closing sales.
Rite Aid has secured $1.94 billion in new financing to support ongoing operations and maintain services while it navigates bankruptcy.
This funding will help keep existing locations running during the restructuring process.
Although not all Rite Aid stores will close immediately, the company has not ruled out additional closures in the future.
The pharmacy chain has faced growing financial pressure from legal liabilities related to opioid litigation and changing consumer habits.
Rite-Aid stores closing by state
California
3860 Sepulveda Blvd., Torrance, CA 5075 Olivehurst Ave., Olivehurst, CANew Hampshire
360 Summer St., Bristol, NH 41 Carroll St., Pittsfield, NHNew York
9 Broad St., Salamanca, NY 1070 Genesee St., Buffalo, NYOregon
728 South West 4th Ave., Ontario, OR 4041 Nw Logan Rd., Lincoln City, OR 2049 West Cascade Ave., Hood River, OR 178 West Ellendale Ave., Dallas, OR 1217 Campbell St., Baker City, OR 44 Michigan Ave. NE, Bandon, OR 313 South Roosevelt Dr., Seaside, OR 626 Mcclaine St., Silverton, ORPennsylvania
805 Huntingdon Pike, Huntingdon Valley, PA 6 Bochicchio Blvd., Moscow, PA 601 Delaware Ave., Palmerton, PA 315 West Fourth St., Quarryville, PA 2201 West Allegheny Ave., Philadelphia, PA 10 Newport Plaza, Newport, PA 801 Grow Ave., Montrose, PA 2503-05 Welsh Rd, Philadelphia, PA 5 Friendly Dr., Duncannon, PA 260 West Lehigh Ave. #80, Philadelphia, PA 3145 Main St., Morgantown, PA 205 Center St., Tamaqua, PA 9635 William Penn Hwy., Huntingdon, PA 15 West Centre St., Mahanoy City, PA 4530 North 5th St., Philadelphia, PA 101 East Shirley St., Mt Union, PA 4390 Richmond St., Philadelphia, PA 5201 Spring Rd Suite 6, Shermans Dale, PA 126 W. Main St., Grove City, PA 111 North Plaza, Apollo, PA 5214-30 Baltimore Ave., Philadelphia, PA 1941 Derry St., Harrisburg, PA 5400 Rising Sun Ave., Philadelphia, PA 901 S Saint Marys St., Saint Marys, PA 200 Resort Plaza Dr., Blairsville, PA 630 Main St., Portage, PA 207 Route 6 West, Coudersport, PA 838 Fifth Ave., Ford City, PA 620 E Allegheny Ave., Emporium, PA 100 South Third St., Conneaut Lake, PA 200 Memorial Blvd., Connellsville, PA 59 North Main St., Port Allegany, PA 610 Broad St., New Bethlehem, PA 1340 Main St., Burgettstown, PA 1365 Logan Ave., Tyrone, PA 1212 Second St., Cresson, PA 201 West Mahoning St., Punxsutawney, PA 165 Butler Rd, Kittanning, PA 100 Franklin St., Mercer, PA 1222 Brownsville Rd, Pittsburgh, PA 521 North Fraley St., Kane, PA 3939 Butler St., Pittsburgh, PA 1 East High St., Union City, PA 2150 Brownsville Rd Ste120, Pittsburgh, PAVirginia
115 Brunswick Square Court, Lawrenceville, VA 144 Scottsville Center, Scottsville, VA 4171 Lee Jackson Hwy., Ste 113, Greenville, VA 200 Augusta Avenue, Grottoes, VAWashington
27000 Miller Bay Rd. Ne, Kingston, WA 909 East Yelm Ave., Yelm, WA 608 W. Stanley St., Granite Falls, WA 609 Omache Dr., Omak, WA 35013 Snoqualmie Pkwy., Snoqualmie, WA 1517 Commercial Ave., Anacortes, WAIndustry experts say competition from larger chains like CVS and Walgreens has also taken a toll.
CUSTOMER IMPACT
As part of its bankruptcy strategy, Rite Aid is focused on transferring prescriptions to other pharmacies to avoid disrupting patient care.
Customers affected by store closures will be notified in advance and assisted in moving their records.
The company said store employees will continue to receive pay during the process and that efforts are underway to retain staff where possible.
Rite Aid’s Chapter 11 filing marks the second bankruptcy attempt in less than two years as it struggles to manage billions in debt.
The closures add to an already turbulent year for retail pharmacies, with Walgreens also shutting dozens of locations across the US.
Customers looking to verify if their local store is closing can use Rite Aid’s store locator tool for updates.
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