A massive retailer is now closing several chains in Washington after filing for bankruptcy last month.
“Rite Aid operates over 2,330 stores in 17 U.S. states, but this number is declining,” reports Ash Jurberg.
“The chain recently closed a raft of stores; according to the bankruptcy filing, it shut 210 locations nationwide between September 2022 and September 2023.
Rite Aid, which acquired Seattle-based chain Bartell Drugs in 2020, has already closed five Bartell Drugs stores over the last year.”
As part of their initial bankruptcy filing, Rite Aid announced that 154 locations nationwide, including eleven in Washington, will soon close.
Now, they have added another 25 to the list, including three in Washington.
Customers will have prescriptions moved to nearby stores, while employees can transfer to other Rite Aid locations.
Below is a list of Rite Aid stores closing in Washington:
- Seattle: 9600 15th Avenue SW
- Lynnwood: 2518 196th Street SW
- Bellevue: 3620 Factoria Boulevard SE
- Bellevue: 11919 NE 8th Street
- Redmond: 7370 170th Avenue NE
- Graham: 22201 Meridian Avenue E
- Renton: 601 South Grady Way, Suite P
- Mill Creek: 3202 132nd Street Southeast
- Burien: 110 SW 148th Street
- Everett: 10103 Evergreen Way
- Lacey: 8230 Martin Way East
- Seattle: 1101 Madison Street (Seattle)
- Kirkland: 312 Central Way #101
- Kent Lake Meridian: 12946 Southeast Kent Kangley Road
Pharmacy competitor CVS is also planning to close a whopping 300 retail stores this year.
This year, CVS has closed locations in Brookfield, Illinois; Des Moines, Iowa; Tallahassee, Florida; Kansas City, Missouri; Queens, New York; Houston, Texas; and Fairfax, Virginia.
Ever since the pandemic, several pharmacy chains have felt big hits in sales.
CVS in late 2021 said it would close roughly 300 stores per year until 2024.
Other Economy News Today
Massive layoffs in California now grow according to the latest WARN data as another business advises of upcoming job cuts.
Informatica, an enterprise cloud data management leader, last week announced its Total Revenues increased 10% year-over-year to $408.6 million.
However, despite this seemingly positive news, the company also announced it was permanently laying off a whopping 545 employees.
The company filed a WARN notice with the California Employment Development Department, advising them of the job cuts, which will take place by December 31.
“Informatica is taking a final step of our transformation to an AI-powered cloud company.
The company took a difficult action on Nov. 1 and implemented a global restructuring of their global workforce to align business efficiencies and focus on long-term success,” said a spokesperson for the company.
So far, California remains the #1 state with the most layoffs in the country.
The state has had 65,975 layoffs this year across 1,161 businesses.
Below is a list of businesses that filed WARN notices of upcoming job cuts in California this year:
- FedEx. 405 job cuts by 11/15.
- Sonoco Products. 292 job cuts by 11/01.
- Shaw Industries Group Inc. Plant WG. 283 job cuts by 11/20.
- Matheson Flight Extenders, Inc. 257 job cuts by 11/13.
- PLI Holdings, Inc. job cuts by 11/14.
- LEER Group. 215 job cuts by 11/11.
- Dryer’s Grand Ice Cream. 1,015 job cuts by 12/15.
- Dryer’s Grand Ice Cream. 306 job cuts by 12/11.
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