After filing for bankruptcy, Rite Aid is closing stores. Which PA locations will shutter?
After filing for bankruptcy last week, Rite Aid is expected to shutter more than 150 stores across the U.S. — including dozens in Pennsylvania.
The company, which operated more than 2,000 stores in 17 states as of early September, filed for Chapter 11 bankruptcy protection Oct. 15. According to documents filed through the U.S. Bankruptcy Court in New Jersey, Rite Aid will begin part of its restructuring process by closing at least 154 locations in the coming weeks, and more may be on the way.
No state is expected to see more stores close in this first wave than Pennsylvania with nearly 40 locations slated to shutter, though none are situated in Centre County. More than 30 stores are expected to close in California, and at least 19 will close in both Michigan and New York.
Here’s what you need to know about Rite Aid’s upcoming closures in Pennsylvania and across the country.
Which Rite Aid locations will close in Pennsylvania?
The following Rite Aid locations in Pennsylvania are expected to close this fall, according to court documents:
2715 Parade St. in Erie
5612 N. Fifth St. in Philadelphia
350 Main St. in Pennsburg
4011 Cottman Ave. in Philadelphia
1441 Old York Road in Abington
300 Market St. in Johnstown
8716 New Falls Road in Levittown
11750 Bustleton Ave. in Philadelphia
169 West Lancaster Ave. in Ardmore
1315 E. Washington Lane in Philadelphia
801 Wyoming Ave., Suite 9 in West Pittston
657 Heacock Road in Yardley
2801 W. Dauphin St. in Philadelphia
1709 Liberty St. in Erie
674 Route 196, Suite 14 in Tobyhanna
2722 W. 9th St. in Chester
950 E. Baltimore Pike in Yeadown
8235 Stenton Ave. in Philadelphia
7941 Oxford Ave. in Philadelphia
136 N. 63rd St. in Philadelphia
5440 Lansdowne Ave. in Philadelphia
208 E. Central Ave. in Titusville
1080 S. West End Blvd. in Quakertown
700 Stevenson Blvd. in New Kensington
351 Brighton Ave. in Rochester
5235 Library Road in Bethel Park
5990 University Blvd., Suite 30 in Moon Township
2501 Saw Mill Run Blvd. in Pittsburgh
5410 Keeport Drive in Pittsburgh
6090 Route 30 in Greensburg
4830 William Penn Highway in Export
1730 Wilmington Road in New Castle
2178 W. Union Blvd. in Bethlehem
1628 S. Fourth St. in Allentown
2401 E. Venango St. in Philadelphia
6327-43 Torresdale Ave. in Philadelphia
200 W. Ridge Ave., Suite 112 in Conshohocken
301 Eisenhower Drive in Hanover
7036 Wertzville Road in Mechanicsburg
Many stores included in October’s court filings have already closed “and received ample notice of the closure,” a Rite Aid spokesperson said. Other locations are expected to close “in coming weeks.”
What’s next for Rite Aid?
After filing for Chapter 11 bankruptcy protection, Rite Aid said it will receive $3.45 billion in new financing to help the company keep remaining stores open and employees paid while it undergoes a restructuring process.
“With the support of certain of our lenders and the majority of our bondholders, we look forward to moving through this process and emerging as a stronger company, well-positioned for long-term success.” Rite Aid CEO Jeffrey Stein wrote in a company statement.
Rite Aid’s bankruptcy comes as the company faces mounting debt and more than 1,000 lawsuits accusing it of filling illegal prescriptions for painkillers, according to The New York Times. As of June, the company had saddled roughly $3.3 billion in debt while its stock had fallen nearly 80% since the year began.
Rite Aid launched a new website, riteaidrestructuring.com, that is expected to house relevant information for customers and employees as the company shifts in the coming weeks and months.