Rite Aid firm even more stores in the middle of bankruptcy, from today
The pharmacy chain has just added additional locations to its closure list.
Taking your prescriptions becomes more and more difficult these days. Pharmacists at Walgreens and CVS were struck against dangerous working conditions when leaving, leaving empty pharmacies. But do not transfer your prescriptions to Rite Aid in Frustration: this pharmacy chain experiences its own problems, including a recent bankruptcy deposit. Now Rite Aid has announced additional closures even more stores. Read the rest to know what locations will be the next to follow.
In relation: These are all the Rite Help locations soon close .
Rite AID filed for a bankruptcy last month.
On October 15, Rite Aid filed for Chapter 11 bankruptcy Protection in New Jersey, The New York Times reported. The pharmacy chain had trouble with billions of dollars in debt, the drop in sales and more than a thousand federal, state and local proceedings alleging that it has completed prescriptions of illegal alaillable.
Together, these problems created "just a kind of perfect storm", " Sarah Foss , the global official of the legality and restructuring of the financial services company Desswire, said The New York Times .
"I think that chapter 11 is really the only option for someone as an helping help for all of this. A forum, "she explained.
In relation: Big Pharmacy crash: Walgreens' closure stores and Rite Aid declares bankruptcy .
The retailer had previously confirmed the closure of more than 150 locations.
As part of its bankruptcy deposit, Rite Aid decided to reduce its physical imprint. Since September 3, the The pharmacy chain had In the United States, 2,253 stores, reported NBC. But in the court documents of October 17, Rite Aid identified 154 locations marked as "initial closing stores". According to the report, this first set of closures affects 15 states. AE0FCC31AE342FD3A1346EBB1F342FCB
In a previous declaration has Better life At the time, a Rite Aid spokesman confirmed that certain stores included in the October 17 file had already closed, while the remaining stores would close in the coming weeks. The spokesperson also said that the company would continue to update the store's location page on its website. According to the online tool, there is now 1,962 Rite aid locations left in the United States
However, it turns out that the more still go for the cutting block.
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Rite Aid plans to close more stores.
In Documents Ranked on November 2, Rite Aid revealed its intention to close 24 additional stores. States affected for this group of closures include Michigan, Maryland, California, New York, New Jersey, Delaware, Washington, Pennsylvania and Ohio.
A few days later on November 7, the company filed another document which identified 15 other stores which should close in eight states: California, Maryland, Michigan, New Jersey, Ohio, Oregon, Pennsylvania and Washington. With these combined deposits, Rite Aid has now added 39 additional fence stores, bringing the total to 193 closings overall.
Better life Contacted Rite AID on newly announced closures, and we will update this story with its answer.
We can see more locations added to the list over time.
Rite Aid has now identified nearly 200 stores which he closes following his bankruptcy deposit. But it may not end up being the last update. Before the case of Chapter 11, a person familiar with the process was told Wall Street's journal This rite helps had proposed the idea of closing anywhere 400 to 500 stores bankrupt. This would mean that 200 to 300 closures could be announced over time.
"Like all retail companies, we regularly examine each of our locations to make sure that we meet the needs of our customers, our communities and our global activities," said Rite Aid spokesperson Aid Better life . "A decision to close a store is the one we take very seriously and is based on a variety of factors, including the commercial strategy, rental and rent considerations, local commercial conditions and the viability and performance of stores. ""
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