50°
Rite Aid announced earlier this week that declining sales and rising debt forced the company's hand in filing for Chapter 11 bankruptcy. The chain has more than 2,100 stores nationwide, and reducing rent costs will play a large part in bringing its balance sheet back into the black.
The only store in Massachusetts on the list of closures is the Webster location at 80 East Main St. in Worcester County, according to the filing.
Connecticut will also only lose one store. That being a Bethel store located at 289 Greenwood Ave. in Fairfield County.
Rite Aid said in its bankruptcy press release that it would ensure minimal interference of health services to customers of stores forced to shut down.
The Company is making every effort to ensure customers of impacted stores have access to health services, whether at another Rite Aid or a nearby pharmacy, and will work to transfer prescriptions accordingly so that there is no disruption of services. The Company will also transfer associates at impacted stores to other Rite Aid locations where possible.
The states with the highest number of store closures are California, Pennsylvania, and New York, per the filing.
Founded 61 years ago in Scranton, Pennsylvania, Rite Aid moved its headquarters to Philadelphia in 2022.
Click here to follow Daily Voice Ridgefield and receive free news updates.
