This Massive Essential Retailer Now Closes in Pennsylvania

December 26, 2023

A massive essential retailer now closes in Pennsylvania after shutting several hundreds of locations down this year.

Rite Aid continues to close more locations, and no other state is impacted like its home state of Pennsylvania.

Nearly 270 locations have been listed to close since the struggling chain filed for bankruptcy in October.

Its initial bankruptcy filing announced that 154 locations nationwide would soon close, including thirty-nine in its home state of Pennsylvania.

However, since then, they have filed several additional updates, with the total number of closures passing 270, with a whopping sixty-one in Pennsylvania.

This week, the following five Pennsylvania locations were listed to shutter:

Williamsport: 14 Fifth St
Scranton: 201 North Washington Ave
Carnegie: 2100 Washington Pike
Sharpsville: 64 North Mercer Ave
Pittsburgh: 230 Hays Ave

Below is the most up-to-date list of Rite Aid stores closing in Pennsylvania:

Quakertown: 1080 S. West End Boulevard
New Kensington: 700 Stevenson Boulevard
Rochester: 351 Brighton Avenue
Bethel Park: 5235 Library Road
Moon Township: 5990 University Boulevard, Suite 30
Pittsburgh: 2501 Saw Mill Run Boulevard
Pittsburgh: 5410 Keeport Drive
Greensburg: 6090 Route 30
Export: 4830 William Penn Highway
New Castle: 1730 Wilmington Road
Bethlehem: 2178 W. Union Boulevard
Allentown: 1628 South Fourth Street
Philadelphia: 2401 East Venango Street
Philadelphia: 6327-43 Torresdale Avenue
Philadelphia: 5612 N. Fifth Street
Philadelphia: 4011 Cottman Avenue
Philadelphia: 11750 Bustleton Avenue
Philadelphia: 315 East Washington Lane
Philadelphia: 2801 W. Dauphin Street
Philadelphia: 8235 Stenton Avenue
Philadelphia: 7941 Oxford Avenue
Philadelphia: 136 North 63rd Street
Philadelphia: 5440 Lansdowne Avenue
Conshohocken: 200 W. Ridge Avenue, Suite 112
Hanover: 301 Eisenhower Drive
Mechanicsburg: 7036 Wertzville Road
Erie: 2715 Parade Street
Erie: 1709 Liberty Street
Pennsburg: 350 Main Street
Abington: 1441 Old York Road
Johnstown: 300 Market Street
Levittown: 8716 New Falls Road
Ardmore: 169 West Lancaster Avenue
West Pittston: 801 Wyoming Avenue, Suite 9
Yardley: 657 Heacock Road
Tobyhanna: 674 Route 196, Suite 14
Yeadon: 950 East Baltimore Pike
Chester: 2722 West 9th Street
Titusville: 208 East Central Avenue
Oxford: 55 North 3rd St
Butler: 178 Point Plaza
Lebanon: 1130 Cumberland St
Carlisle: 429 South Hanover St
Philadelphia: 810 S Broad St
Mechanicsburg: 30 Cumberland Parkway
Dresher: 1650 Limekiln Pike
Melrose Park: 1401 West Cheltenham Ave
Route 202: 306 Town Center
State College: 1927 Atherton St
West Chester: 27 Paoli Pike
Bellefonte: 821 East Bishop St
Pittsburgh: 6200 Saltsburg Rd,
Philadelphia: 2545 Araminfo Ave
New Cumberland 105 Old York Rd
Jeanette 621 Clay Ave
Bethlehem 104 E Third St

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

A popular electric company now announces an unexpected bankruptcy leading to the sale of its assets after failing to recover from the pandemic.

The electric scooter company Bird, once valued at $2.5 billion by investors, filed for Chapter 11 bankruptcy protection in Florida federal court Wednesday, reports CNBC.

The company has entered into a “stalking horse” agreement, which sets a floor for Bird’s value, with its existing lenders, according to a release.

Bird said it will use the bankruptcy proceeding to facilitate a sale of its assets, which it expects to complete within the next 90 to 120 days.

The company’s electric scooters are “touted as an environmentally friendly alternative to driving and other forms of public transit.

They exploded in popularity before the onset of the Covid-19 pandemic, and the company raised more than $275 million in 2019, which pushed its valuation to $2.5 billion,” reports CNBC.

“But after customers stopped riding as they were forced into lockdown in 2020, Bird struggled to recover.

The company went public via a merger with a special purpose acquisition company in 2021, but its share price tumbled.”

Bird’s bankruptcy proceedings come after the New York Stock Exchange delisted the company in September.

Bird failed to comply with the exchange’s requirements after it was unable to keep its market capitalization above $15 million for 30 consecutive days.

The company’s shares began trading on the over-the-counter exchange later that month.

As of today, the stock is under $0.08.

Bird Canada and Bird Europe are not part of the company’s Wednesday filing and will “continue to operate as normal,” according to the release.

This is a developing story.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

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