A massive essential store now continues to close in Ohio after the company filed an unexpected bankruptcy just last October.
Last year, Rite Aid filed for bankruptcy in October after incurring a whopping $3.3 billion in unpaid debt.
The essential company has lost approximately $3 billion since 2020, according to financial reports made to the U.S. Securities and Exchange Commission (SEC).
While closures have been occurring nationwide, Ohio is slated for nearly a dozen more shutters.
Last year, the company filed plans to close a total of 17 locations in Ohio, and another 10 are now scheduled to close down this year.
Below is the list of Rite Aid stores closing in Ohio this year:
- Marion: 1081 Mount Vernon Avenue
- Lorain: 2709 Broadway Avenue
- Middlefield: 15596 West High Street
- Brookpark: 15149 Snow Road
- Maple Heights: 21800 Libby Road
- Cleveland: 11702 Lorain Avenue
- Warren: 2154 Elm Road NE
- Geneva: 633 South Broadway
- Amherst: 100 South Leavitt Road
- Bryan: 1221 West High Street
Below is the list of Rite Aid stores that have already shuttered:
- Massillon: 3129 Lincoln Way East
- New Carlisle: 120 South Main Street
- Dayton: 146 Woodman Drive
- Youngstown: 2701 Market Street
- Springfield: 401 West North Street
- Bellefontaine: 230 South Main Street
- Toledo: 3911 Secor Rd
- Sylvania: 5890 Monroe St
- Youngstown. 2800 Mahoning Ave
- Mt Gilead. 510 West Marion Rd
- Willowick. 30500 Lakeshore Blvd
- 5033 Suder Ave, Toledo
- 4332 Cleveland Ave, NW Canton
- 501 Water St, Chardon
- 5411 Superior Ave, Cleveland
- 29000 Lorain Rd, North Olmsted
- 5 East Ashtabula St, Jefferson
For more news and updates like this, opt-in for push notifications.
Also Read: This Massive Grocery Store Is Now Shutting Its Doors Soon
Other Economy News Today
A massive restaurant now closes after 30 years, with dozens more shutting down soon according to the chain’s owner.
An Outback Steakhouse restaurant has closed after 30 years of business.
The closure comes as David Deno, who owns the chain’s parent company, warned that dozens of restaurants will be shutting up shop, per The-Sun.
The Outback Steakhouse eatery had been a staple in Harrisburg, Pennsylvania, for three decades, but it has closed its doors for good, according to Penn Live.
A note has been put on the restaurant’s window warning fans about the closure.
It listed other Outback eateries in the area that fans of the restaurant can head to.
Bloomin’ Brands owns popular chains Bonefish Grill and Carrabba’s Italian Grill.
Deno announced that 41 underperforming restaurants across the company are set to close.
Chiefs revealed the eateries set for the cut are predominately older and underperforming, per a company earnings call.
“A majority of these restaurants were older assets with leases from the 90s and early 2000s,” Deno said.
He stressed that the restaurants are not closing because of staffers’ performances.
The company says they expect to finalize the closures by the end of the first quarter.
However, they also mentioned they hope to open between 40 and 45 new restaurants this year.
Earlier this month, it was reported that Outback Steakhouse had closed its last remaining restaurants across Hawaii.
Outback Steakhouse had been a staple in the state for more than two decades.
The dramatic restaurant closures were described as unexpected by industry experts and workers claimed they were given short notice.
A worker at the chain’s Waipio branch claimed staffers were given just a few days’ notice.
An Outback Steakhouse location in State College, Pennsylvania, has also closed, per the NBC affiliate WJAC-TV.
For more news and updates like this, opt-in for push notifications.
Also Read: This Massive Restaurant Is Now Closing 41 Locations
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors.
This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Frank Nez’s Stock Portfolio
Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?
Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.
11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.
Recommended For You ✨
About The Author
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.