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Rite Aid plans to close 31 more stores

Pharmacy retailer now closing over 200 locations due to bankruptcy

Bill Wilson, Senior editor at Supermarket News

December 4, 2023

1 Min Read
Rite Aid store.jpg
When it first filed for Chapter 11, Rite Aid said it would close 154 stores, and that number was increased to 178 a few weeks later.Rite Aid

The number of Rite Aid store casualties due to the retailer’s bankruptcy filing continues to climb.

Rite Aid, based in Philadelphia, Pa., plans on closing another 31 locations according to a bankruptcy court filing, reports CNN.

Last month, Rite Aid’s real estate advisor, A&G Real Estate Partners, announced its intention to market for sale a second portion of leases — 92 in all — pending U.S. Bankruptcy Court approval.

When it first filed for Chapter 11, Rite Aid said it would close 154 stores, and that number was increased to 178 a few weeks later.

The round of 31 store closings includes seven locations in California, four in Pennsylvania and three locations apiece in Ohio, Virginia, and Washington. Michigan (2), New Jersey (2), Oregon (2), New York (2), Connecticut (1), Maryland (1), and Nevada (1) also will have Rite Aid locations shuttered in the latest closing announcement.

Rite Aid did not respond to a request for comment in time for publication of this story.

The retailer filed for bankruptcy in early October. The Chapter 11 filing allows for Rite Aid to restructure its debt, which sits at $3.3 billion.

 

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About the Author

Bill Wilson

Senior editor at Supermarket News

Bill Wilson is the senior editor at Supermarket News, covering all things grocery and retail. He has been a journalist in the B2B industry for 25 years. He has received two Robert F. Boger awards for his work as a journalist in the infrastructure industry and has over 25 editorial awards total in his career. He graduated cum laude from Southern Illinois University at Carbondale with a major in broadcast communications.

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