Rite Aid closing all locations after decades in business
Rite Aid announced on its website that all locations will be closing.
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Rite Aid announced on its website that all locations will be closing.
The store closures come months after the company filed bankruptcy amid opioid lawsuits.
Rite Aid announced it will close its distribution center in Pontiac, resulting in 191 layoffs, after filing for Chapter 11 bankruptcy.
A dozen more Rite Aid stores were added to the list of closures after filing for bankruptcy, according to court documents.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
Rite Aid is closing another roughly 30 locations across the U.S. in addition to the 100 the bankrupt chain announced last month as part of its restructuring efforts.
Rite Aid is set to close 19 stores in Michigan after the pharmacy chain filed for bankruptcy this week.
But the major pharmacy chain says the filing is part of a plan to bring it back to financial health.