Rite Aid to close all Michigan stores
Employees say Rite Aid plans to close all its Michigan stores as it files for bankruptcy. The company has announced the closure of some locations, but has not confirmed that all will shutter.
Fox – 2 Detroit
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.
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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.
Which Rite Aid locations are closing?
The latest closures are happening in Ohio (15 stores) and Michigan (12 stores), according to court documents.
OhioAlliance, 1895 W. State St.Ashtabula, 2148 Lake Ave.Bowling Green, 722-740 S. Main St.Cleveland, 3402 Clark Ave.Coshocton, 218 Chestnut St.Defiance, 1816 E 2nd St.Massillon – 242 Lincoln Way WestOregon – 3362 Navarre Ave.Saint Marys, 1502 Executive DriveSpringfield, 1805 S. Limestone St.Tiffin, 530 W. Market St.Toledo, 2434 W. Laskey RoadWarren, 1560 Parkman Road NWWheelersburg, 8130 River RoadYoungstown, 3527 Canfield RoadMichiganAllen Park, 15411 Southfield RoadBay City, 3880 Wilder RoadBurton, G4033 Fenton RoadBurton, 6026 Lapeer RoadFlint, 4519 Richfield RoadGrosse Pointe Farms, 107 Kercheval Ave.Livonia, 37399 6 Mile RoadLudington, 936 East Ludington Ave.Marlette, 2985 Main St.Milford, 640 North Milford RoadSpring Lake, 603 East Savidge St.Wyandotte, 1998 Biddle Ave.
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
Source link : https://www.usatoday.com/story/money/2024/06/27/rite-aid-pharmacy-closing-ohio-michigan/74231785007/
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Publish date : 2024-06-27 15:37:03
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