Newsletter Thursday, November 14

The latest list includes 27 stores in Michigan and Ohio, according to filings from the retailer’s bankruptcy case. That brings the number of stores put on the chopping block and named in filings this year to 100. Most of those came in February.

Since the drugstore chain filed for Chapter 11 bankruptcy in October, Rite Aid has closed nearly 550 stores, NBC reported, including this latest round.

A Rite Aid spokesperson did not immediately respond to Business Insider’s request for comment on the latest list of proposed closures.

“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 BI in February about the first round of closures this year. “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.”

Rite Aid has been shrinking its base over the past decade. The chain had about 4,600 stores in 2013. It sold about 2,000 of those to rival Walgreens in 2017 after federal regulators blocked Rite Aid’s proposed sale to Walgreens.

The company currently says that it has about 1,600 stores — a fraction of the networks that rivals CVS and Walgreens have built.

Here’s the list of Rite Aid store closures for 2024:

California:

Lakewood: 5520 Woodruff Avenue

San Diego: 8694 Lake Murray Boulevard

Needles: 1020 East Broadway Street

North Hollywood: 11350 Victory Boulevard

Fontana: 9940 Sierra Avenue

Livermore: 968 Murrieta Boulevard

Hemet: 260 North Sanderson Avenue

Westminster: 6767 Westminster Boulevard

Studio City: 10989 Ventura Boulevard

La Crescenta: 2647 West Foothill Boulevard

Los Angeles: 3230 West Slauson Avenue, 11750 Wilmington Avenue

Tustin: 630 East 1st Street

Susanville: 1615 Main Street

Redlands: 700 East Redlands Boulevard, Suite A

Moreno Valley: 24991 Alessandro Boulevard

Simi Valley: 1159 East Los Angeles Avenue

Colton: 2025 East Washington Street

Fresno: 4224 East Shields Avenue

Rancho Cucamonga: 9650 Baseline Road

Fountain Valley: 17904 Magnolia Street

Temecula: 39782 Winchester Road

Connecticut:

Milford: 1360 Boston Post Road

Delaware:

Harrington: 17069 South Dupont Highway

Idaho:

Boise: 10600 Fairview Avenue

Maryland:

Baltimore: 250 West Chase Street

Cambridge: 798 Sunburst Highway

Massachusetts:

New Bedford: 824 Purchase Street

Revere: 467 Broadway

Michigan:

Detroit: 4612 Woodward Avenue

Midland: 2006 N. Saginaw Road

Howell: 1002 East Grand River Avenue

Added in June:

Livonia: 37399 6 Mile Road

Burton: G4033 Fenton Road, 6026 Lapeer Road

Flint: 4519 Richfield Road

Ludington: 936 East Ludington Avenue

Wyandotte: 1998 Biddle Avenue

Spring Lake: 603 East Savidge Street

Bay City: 3880 Wilder Road

Marlette: 2985 Main Street

Grosse Pointe Farms: 107 Kercheval Avenue

Milford: 640 North Milford Road

Allen Park: 15411 Southfield Road

New Hampshire:

Milford: 586 Nashua Street, Unit 8-9

Franklin: 951 Central Street

New Jersey:

Clementon: 1360 Blackwood Clementon Road

Haddon Township: 249 Cuthbert Boulevard

Newark: 104 12th Avenue

Bayonne: 1097 Broadway

Newton: 237 Spring Street

Logan Township: 335 Village Center Drive

New York:

Brooklyn: 249 7th Avenue, 7812 Flatlands Avenue

Auburn: 153 Grant Avenue

Hartsdale: 196 East Hartsdale Avenue

Bronx: 901 East Gun Hill Road, 2426-34 Eastchester Road, 1179 East 233rd Street

Elmira: 119 West 2nd Street

Le Roy: 151 West Main Street

Poughkeepsie: 40 Vassar Road

Buffalo: 2474 Bailey Avenue

Mount Vernon: 47 East Prospect Avenue

Ohio:

Marion: 1081 Mount Vernon Avenue

Lorain: 2709 Broadway Avenue

Middlefield: 15596 West High Street

Brookpark: 15149 Snow Road

Maple Heights: 21800 Libby Road

Cleveland: 11702 Lorain Avenue

Warren: 2154 Elm Road NE, 1560 Parkman Road NW

Geneva: 633 South Broadway

Amherst: 100 South Leavitt Road

Bryan: 1221 West High Street

Added in June:

Ashtabula: 2148 Lake Avenue

Cleveland: 3402 Clark Avenue

Defiance: 1816 East Second Street

Youngstown: 3527 Canfield Road

Coshocton: 218 Chestnut Street

Springfield: 1805 South Limestone Street

Oregon: 3362 Navarre Avenue

Toledo: 2434 West Laskey Road

Alliance: 1895 West State Street

Massillon: 242 Lincoln Way West

Bowling Green: 722-740 South Main Street

Wheelersburg: 8130 Ohio River Road

St. Marys: 1502 Executive Drive

Tiffin: 530 West Market Street

Oregon:

Portland: 600 NW 10th Avenue

Gresham: 1555 N.E. Division Street

Pennsylvania:

Greencastle: 200 North Antrim Way

Allentown: 6822 Hamilton Boulevard

Doylestown: 472 N. Main Street

Phoenixville: 200 Kimberton Road

Altoona: 1600 9th Ave. Suite 35

Harrisburg: 501 South 29th St. Suite A

Sharon: 60 South Water Street

Virginia:

Hayes: 2460 George Washington Memorial

Suffolk: 1517 Holland Road

Washington:

Everett: 1825 Broadway

Walla Walla: 2028 East Isaacs Avenue

Belfair: 23940 NE State Route 3

Seattle: 1820 N 45th Street

Do you work at Rite Aid and have a story idea to share? Reach out to this reporter at abitter@businessinsider.com

Read the full article here

Share.
Leave A Reply

Exit mobile version