As Rite Aid restructures its debt in Chapter 11 bankruptcy, it will close 154 locations in 15 states, including 31 in California.
Rite Aid customers in Los Angeles, Orange and Ventura counties are losing neighborhood stores, among 154 locations in 15 states that the pharmacy chain is shutting down as part of its bankruptcy process. With 31 stores slated for closing, California has more on the list than any other state, according to court documents filed Monday in Rite Aid's Chapter 11 bankruptcy proceedings as the company restructures its debt. Rite Aid had previously said it could close 400 to 500 locations.
' Maza said an equal concern was the void left by a vacant building. Larger retail locations are more challenging to replace tenants, he said, pointing to the previous Rite Aid that closed toward the end of 2022, and that still remains vacant. 'Dark windows and vacant storefronts are always an issue, but we're working toward filing that spot and hopefully we'll have luck with whatever happens at this Rite Aid,' he said.
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