The chain, which previously said it might close 500 stores, wrote that at least 154 stores would close.
The drug-store chain Rite Aid has marked at least 154 stores nationwide for closure as it restructures. is facing slumping sales and several opioid-related lawsuits. To make ends meet, the company is looking to reduce its debt while resolving “litigation claims in an equitable manner,” Rite Aid reps said Sunday.“Many of the stores on this list have already closed and received ample notice of the closure, while some will close in the coming weeks,” Rite Aid said via email Tuesday.
Here’s the list of stores Rite Aid has marked for closure in California. The store number precedes each address:5657 — 6505 Mission Gorge Road, San DiegoThe 60-year-old Rite Aid operates 2,100 stores in the U.S., mostly in coastal states, and has posted annual losses for several years. The company reported that its revenue fell to $5.7 billion in the fiscal quarter that ended June 3, down from $6.0 billion a year earlier, logging a net loss of $306.7 million.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rite Aid files for bankruptcy, will close more storesUS pharmacy chain Rite Aid Corp. filed for bankruptcy as it looks to restructure debts, and said it will shutter more stores.
Read more »
Rite Aid files for bankruptcy, plans to close some storesJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »
Rite Aid files for bankruptcy amid plans to close hundreds of storesThe pharmaceutical chain is struggling with falling sales and payments from opioid-related lawsuits.
Read more »
As Rite Aid and Walgreens close stores, patients could lose 'pivotal' healthcare‘The community pharmacy is this really pivotal and really foundational piece of our American health system,’ says one researcher.
Read more »
Drugstore chain Rite Aid raises going concern doubtsDrugstore chain Rite Aid raises going concern doubts
Read more »