Rite Aid is a pharmacy chain that filed for Chapter 11 bankruptcy last year and is now closing 53 more locations, including 18 in California. This complements the almost 200 stores that have previously closed. The Philadelphia-based corporation filed for bankruptcy in the middle of October, which sparked the closures. At first, more than 150 stores in 15 states shut down. In late November, another 31 closed, and more closures occurred at the start of the year.
The following Rite Aid stores are scheduled to close:
1208 West Redondo Beach Boulevard in Gardena, 1700 W Whittier Boulevard in La Habra, 15924 Bellflower Blvd. in Bellflower, 16491 Lakeshore Drive in Lake Elsinore, 334 South Vermont Avenue in Los Angeles, 37950 47th St E in Palmdale, 7224 Broadway in Lemon Grove, 1030 South White Road in San Jose, 14727 Rinaldi Street in San Fernando, 7111 Elk Grove Boulevard in Elk Grove, 439 Santa Fe Drive in Encinitas, 1650 Decoto Road in Union City, 888 Lincoln Boulevard in Venice, 35946 Winchester Road in Winchester, 3941 Spring Road in Moorpark, 4037 Ball Road in Cypress, and 2500 North 10th Avenue in Hanford
The business, which has long struggled financially, has also had to deal with legal problems pertaining to the prescription of opioids, which has led to settlements, including one for up to $30 million with the state of West Virginia.
The most recent court documents have no information regarding the closing dates for these establishments. As of April 10, no objections to the closures were noted in the case docket, despite the fact that they may be lodged. These layoffs are a component of Rite Aid’s continuous initiatives to boost sales and lower debt.