Rite Aid to Close 154 Stores Across 17 States After Filing for Bankruptcy
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Rite Aid plans to close 154 underperforming stores across 17 states after filing for bankruptcy. The closures include 38 stores in Pennsylvania and 31 in California.
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The pharmacy chain filed for Chapter 11 bankruptcy protection on Sunday amid slumping sales and lawsuits over its role in the opioid crisis.
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As part of the bankruptcy process, Rite Aid will transfer prescriptions to nearby pharmacies so there are no disruptions. Employees may also transfer to other locations.
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The bankruptcy came with the promise of imminent store closures, but the exact number was initially unclear. The court filings on Monday identified the 154 stores slated for closure.
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Affected states include California, Connecticut, Delaware, Idaho, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Oregon, Pennsylvania, Virginia, and Washington.