Rite helps to close even more stores after a bankruptcy deposit - where is where
Changes will affect locations in nearly a dozen states in the company's financial difficulties.
While nobody likes to have to shake away to do shopping, not to have a pharmacy or pharmacy nearby can be particularly frustrating. After all, we count on them for everything, over -the -counter drugs for important prescriptions. But in recent times, some of the best known channels have started to reduce their locations in the middle shopping requirements. . The latest example is Rite Aid, who announced that he would close even more from his stores after recently filed for a bankruptcy. Read the rest to see what locations will be affected.
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Rite AID is in disastrous financial despair due to prosecution, increasing debts and a recent declaration of bankruptcy.
In addition to the latest closures, there is a good chance that you have noticed Rite Aid in the headlines more recently. The pharmacy chain has deposited for Chapter 11 bankruptcy In New Jersey on October 15 while fighting late sales and billions of dollars in debt, The New York Times reported.
The company is also faced with more than a thousand prosecution at local, state and federal levels, alleging that it illegally completed thousands of prescriptions of opioid pain relievers "which had obvious and often multiple red flags indicating a bad use".
However, some experts emphasize that the chain has been a sort of decreasing for more than a decade. This includes a craft of the market value of the company of $ 13 billion in 1998 at less than $ 40 million on October 13, The temperature reported.
"The company has not been well managed for a very long time", " David Silverman , a detail analyst at Fitch Ratings, said The temperature . "They have been stuck with the perpetual inability to improve their fortune."
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Some of the latest closures will affect the locations of the northeast and east coast.
As part of his plan to get back on his feet, Rite Aid started Reduce your detailed footprint In the USA 17 additional locations ,, Daily mail reports.
Many closures will affect stores in the northeast. In Connecticut, a location in West Haven and another in North Branford will close. The New Hampshire will also lose a location on Lafayette Road in Hampton. And the New Jersey will lose a location with the closure of an Aid rite in Haddonfield.
More in the East Coast, Rite Aid buyers in Pennsylvania will have two less options when the chain closes its stores in New Brittany and State College. Maryland will be at the bottom of a location with a store closure at Ocean City. And Virginia will lose a pair of stores, with a location closing in North Dinwiddie and another closure at Virginia Beach.
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More than half a dozen Rite Aid stores are also closing in the Midwest and the West.
But changes are not limited to the east coast. Ohio will see the most losses from all the states on the list, with four fence stores in Dayton, Mount Gilead, Willowick and Youngstown. And in the Midwest, Michigan will lose a store in Algonac and another in Troy, according to the court document. AE0FCC31AE342FD3A1346EBB1F342FCB
Even further west, the Idaho will drop a place where the 660 East Boisse avenue store will end. And in Oregon, the city of Florence will soon say goodbye to its help.
Better life Contacted Rite Aid to comment on the imminent closures, and we will update this article with his answer.
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The latest closures are an addition to an increasing list of Rite Help stores in the United States in the United States.
The 17 stores mentioned in court documents add to A list of snowball Closing locations for the pharmacy chain. On October 17, Rite Aid initially announced that it would close 154 stores in 15 states, by NBC News. A company spokesman previously confirmed Better life That some of the stores listed had already closed on October 18.
But in two separate court documents deposited earlier this month, the pharmacy and the pharmacy chain revealed that it would be closing even more places , resulting in 39 closures from additional stores and bringing the total to 193 in total. These changes will affect stores in Nearly a dozen states , including California, Delaware, Michigan, Maryland, New Jersey, New York, Ohio, Oregon, Pennsylvania and Washington.
The last announcement could also be a even higher number of store closings for the company. Before filing a bankruptcy, Rite Aid would have floated the possibility of closing as much as 400 to 500 stores as he restructured, Wall Street's journal reported.
"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 a Rite Aid spokesman said previously 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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