Bill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Rite Aid plans to shutter 154 stores, many of them in Pennsylvania and California, as part of its bankruptcy plans, according to an initial list of those closures published in court documents filed on Tuesday.
That list was released Wednesday after the drugstore chain filed for chapter 11 bankruptcy protection in New Jersey over the weekend, amid billions in debt related to opioid lawsuits. The company at that time said it would “continue assessing its footprint and close additional underperforming stores” and announced the appointment of Jeffrey Stein as chief executive.
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Rite Aid is closing 154 stores as part of bankruptcyBill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
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Drugstore chain Rite Aid raises going concern doubtsDrugstore chain Rite Aid raises going concern doubts
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31 stores in California on Rite Aid closure listThe chain, which previously said it might close 500 stores, wrote that at least 154 stores would close.
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4 Rite Aid Stores in SD County Set for Closure Under Company's Bankruptcy PlanFour Rite Aid stores in San Diego County are included in an initial round of planned closures as a result of the company's Chapter 11 bankruptcy filing,…
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Rite Aid stores closing: These locations across LA and Orange Counties are set to shutterSixteen Rite Aid stores in the area will close as a result of the company's Chapter 11 bankruptcy filing.
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Rite Aid lost more than $1 billion in months before bankruptcy filingRite Aid warned investors it may not be able to keep its business running.
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