55 essential stores now face painful closures in Ohio after the company filed for an unexpected bankruptcy just last October.
Essential retailer Rite Aid, has announced an additional fifteen store closures in Ohio as it continues to navigate through its Chapter 11 bankruptcy process.
This latest development adds to the company’s ongoing financial difficulties, which have resulted in the closure of hundreds of stores nationwide.
Last October, Rite Aid filed for bankruptcy after amounting a whopping $3.3 billion in unpaid debt.
Financial reports submitted to the SEC revealed that the company had lost approximately $3 billion since 2020.
On Monday, in a court filing, Rite Aid added the closure of an additional 15 stores in Ohio, further exacerbating the impact on local communities.
Which Rite Aid locations are closing in Ohio soon?
The following Rite Aid stores have until June 27 to file objections to the closures:
- 2148 Lake Avenue, Ashtabula (New Addition to Closure List)
- 1816 East Second Street, Defiance (New Addition to Closure List)
- 3527 Canfield Road, Youngstown (New Addition to Closure List)
- 218 Chestnut Street, Coshocton (New Addition to Closure List)
- 805 South Limestone Street, Springfield (New Addition to Closure List)
- 3402 Clark Avenue, Cleveland (New Addition to Closure List)
- 3362 Navarre Avenue, Oregon (New Addition to Closure List)
- 2434 West Laskey Road, Toledo (New Addition to Closure List)
- 1560 Parkman Road NW, Warren (New Addition to Closure List)
- 1895 West State Street, Alliance (New Addition to Closure List)
- 242 Lincoln Way West, Massillon (New Addition to Closure List)
- 722-740 South Main Street, Bowling Green (New Addition to Closure List)
- 8130 Ohio River Road, Wheelersburg (New Addition to Closure List)
- 1502 Executive Drive, St Marys (New Addition to Closure List)
- 30 West Market Street, Tiffin (New Addition to Closure List)
Since its bankruptcy filing, Rite Aid has listed over 500 stores to close.
Ohio is one of the states most impacted, with 55 locations slated to close.
Below is a list of other Rite Aid stores that have closed or are expected to close in Ohio:
- Canton – 114 12th Street NE
- Lakewood – 16207 Detroit Ave
- Massillon – 2100 Wales Ave
- Amherst – 100 S. Leavitt Road
- Beachwood – 28600 Chagrin Blvd.
- Bellefontaine – 230 S. Main St.
- Brookpark – 15149 Snow Road
- Broadview Heights – 8085 Broadview Road
- Brunswick – 3871 Center Road
- Bryan – 1221 W. High St.
- Canton – 4332 Cleveland Ave. NW
- Canton – 3010 Whipple Ave. NW
- Chardon – 501 Water St.
- Cleveland – 11702 Lorain Ave.
- Dayton – 146 Woodman Dr.
- Dayton – 1158 Wilmington Ave.
- East Liverpool – 614 Bradshaw Ave.
- Euclid – 475 E. 185th St.
- Fairlawn – 2975 W. Market St.
- Geneva – 633 S. Broadway
- Jefferson – 5 E. Ashtabula St.
- Lorain – 2709 Broadway Ave.
- Maple Heights – 21800 Libby Road
- Massillon – 3129 Lincoln Way East
- Middlefield – 15596 W. High St.
- Mount Gilead – 510 W. Marion Road
- New Carlisle – 120 S. Main St.
- North Canton – 7800 Cleveland Ave. NW
- North Olmstead – 29000 Lorain Road
- Springfield – 401 W. North St.
- Sylvania – 5890 Monroe St.
- Toledo – 5033 Suder Ave.
- Toledo – 3911 Secor Road
- Warren – 2154 Elm Road NE
- Willowick – 30500 Lakeshore Blvd.
- Willoughby – 36212 Euclid Ave.
- Youngstown – 2701 Market St.
- Youngstown – 2800 Mahoning Ave.
- Toledo – 2450 South Reynolds Rd.
- New Philadelphia – 705 West High Ave
- Sandusky – 334 West Perkins Ave
- Swanton – 105 West Airport Hwy
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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois
Other Economy News Today
An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.
TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.
This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.
The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.
Today, Fridays will welcome in famished diners at its location in Brick for the final time.
“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.
“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”
Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.
“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.
“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.
Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.
The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.
“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.
Also Read: Retirees Will Now Receive More Money For Social Security
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