Rite Aid has just announced even more pharmacie closings - here where
The popular pharmacy has closed stores in the middle of bankruptcy.
We have lost thousands of different stores in the United States since the start of the cocovio pandemic. But more recently, there has been a particularly strong withdrawal from the big pharmacy channels. Both CVS and Walgreens Have worked regularly in plans to close hundreds of locations each throughout the country, while Rite Aid is committed to an even more aggressive workforce. Now this former giant has announced its latest series of pharmacie closings.
In relation: Large lots close more stores in the coming weeks - here is where . AE0FCC31AE342FD3A1346EBB1F342FCB
Things really reached a head for Rite Aid this fall: with constant drop -down sales and $ 3.3 billion in debt, the company has chosen to deposit Chapter 11 bankruptcy Protection on October 15, reported CNN.
"It was always a question of knowing when, not if, Rite Aid would file for bankruptcy", " Neil Saunders , Managing Director of GlobalData, said in a note to investors, by CNN. "The company has been deep in red for six years."
At the time of the deposit, CEO of Rite Aid Jeffrey Stein said in a Press release that the company always plans to "go forward" and stay in business. "Rite Aid has served customers and communities across our country for over 60 years," he said.
Stein continued: "With the support of our lenders, we are impatient to strengthen our financial foundation, to advance our transformation initiatives and to accelerate the execution of our recovery strategy. In doing so, we will be even better able to to deliver health and services products on which our customers and their families count - now and in the future. "
As part of his efforts to change things, Rite Aid works to optimize his store portfolio. In other words, close certain locations.
"Within the framework of the process supervised by the court, the company will continue to assess its footprint and close additional underperformant stores. These efforts will reduce more rent costs of the company and should strengthen its overall financial performance", said the retailer in the press release.
In relation: Mucinex is taken from the pharmacy shelves, say indignant buyers .
In October, Rite Aid had around 2,100 stores located in the United States, but the company revealed the same month that it would initially Closing of 154 stores as well as its bankruptcy deposit. Since then, Rite Aid has regularly announced more closures every few weeks. And again, the retailer has abandoned a new list of closures even more.
In a legal document (which can be downloaded here ) Deposed by Rite Aid on December 12, the company revealed its next series of closures. According to the document, 12 other Rite aid locations are now on the cutting block.
These new closures have an impact on nine different states: California, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Virginie and Washington.
The Pennsylvania should lose the most places, with three stores of a help rite closing in the cities of Bethlehem, Jeannette and New Cumberland. Following this, two locations are closed in California, one at Rancho Mission Viejo and the other in Northridge.
Meanwhile, the other states lose a help store rite each in the latter set of closures. These stores are in Woodhaven, Michigan; Concord, New Hampshire; Medford, New Jersey; New Windsor, New York; Cleveland, Ohio; Chesapeake, Virginie; And Marysville, Washington.
In relation: For more information, register for our daily newsletter .
