Business & Tech
7 Rite Aid Stores Closing In PA; Among 77 Nationwide
Rite Aid plans to close 77 stores nationwide, new court documents show. Here's where closures will be happening in PA:
PENNSYLVANIA — Rite Aid plans to close 77 stores nationwide, including several in Pennsylvania, new court documents show.
Rite Aid plans to close two stores, one in Detroit and another in Marion, Ohio, according to court documents obtained by Patch. The documents were filed Wednesday in U.S. Bankruptcy Court for the District of New Jersey.
The latest closures come after Right Aid earlier said it planned to close 75 stores across 15 states: California, Connecticut, Delaware, Idaho, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Virginia and Washington. MassLive first reported the closures.
Find out what's happening in Across Pennsylvaniawith free, real-time updates from Patch.
Seven Pennsylvania stores are slated to close. They are:
- 6822 Hamilton Blvd. (Allentown)
- 1600 9th Ave. (Altoona)
- 472 N. Main St. (Doylestown)
- 200 North Antrim Way (Greencastle)
- 501 South 29th St. Ste. A (Harrisburg)
- 200 Kimberton Rd. (Phoenixville)
- 60 South Water St. (Sharon)
The latest spate of closures comes after the struggling drugstore chain filed for Chapter 11 Bankruptcy in October, and announced plans to close 150 stores. Since filing for bankruptcy, Rite Aid has said it will close 431 stores, according to MassLive.
Find out what's happening in Across Pennsylvaniawith free, real-time updates from Patch.
Rite Aid has said its faced falling sales, increasing competition, and mounting debt stemming from opioid-related lawsuits.
The chain said on its website it has 1,704 stores in the United States. That number was about 4,600 in 2013, according to Business Insider. About 2,000 stores were sold to Walgreens in 2017 after a deal to sell the drugstore chain to its rival was nixed by federal regulators.
"Rite Aid regularly assesses its retail footprint to ensure we are operating efficiently while meeting the needs of our customers, communities, associates and overall business," a Rite Aid spokesperson told Business Insider. "In connection with the court-supervised process, we notified the Court of certain underperforming stores we are closing to further reduce rent expense and strengthen overall financial performance."
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