This essential retailer now announces 13 painful closures in Ohio after previously shuttering major locations nationwide.
As Rite Aid continues to battle its way through Chapter 11 bankruptcy, it is also closing more and more stores in Ohio, per CNBC affiliate WKYC Studios.
According to documents filed on July 12 with the U.S. Bankruptcy Court, a total of 30 additional stores will be closing down, including an additional 13 locations in Ohio.
Which Rite Aid stores are closing in Ohio?
Below is a list of Rite Aid stores scheduled to shutter in Ohio this year:
- Canal Fulton – 2220 South Locust Street
- Columbiana – 14973 South Avenue
- Dayton – 2916 Linden Avenue
- Lima – 3710 Shawnee Road
- Lima – 3230 West Elm Street
- Maumee – 105 Golden Gate Plaza
- Medina – 207 North Court Street
- Mount Vernon – 4 Newark Road
- Parma – 5795 State Road
- Rossford – 801 Dixie Highway
- Toledo – 210 Main Street
- Vandalia – 10 W. National Road
- Zanesville – 825 Main Street
Rite Aid also announced the closing of 30 Ohio and Michigan stores on both July 5 and June 28.
Earlier in June, the pharmacy chain closed another 27 stores between the two states.
Also on June 28, a U.S. bankruptcy judge approved Rite Aid’s restructuring plan, allowing the pharmacy chain to cut $2 billion in debt and turn over control of the company to a group of its lenders.
NBC News reports that Rite Aid will emerge from bankruptcy with around 1,300 locations remaining.
An initial list of 154 Rite Aid locations to be closed was revealed last October, shortly after the pharmacy chain first filed for Chapter 11.
Six of the 154 closings were in Ohio, including locations in Massillon and Youngstown.
At the time, Rite Aid had more than 2,000 stores nationwide.
In November 2023, Rite Aid announced 32 more store closings, including Broadview Heights, Canton, East Liverpool, Fairlawn and Willoughby.
Rite Aid closed 55 more stores in late January, with 18 Ohio locations impacted.
In April, Rite Aid announced that five Ohio locations would be closing, including in Lakewood and Massillon (Wales Ave. store).
According to the company’s website, Rite Aid still lists 142 Ohio locations still open.
However, more than 100 stores in the Buckeye State are slated to close their doors at some point, according to the various bankruptcy filings since last year.
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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois
Other Economy News Today
A beloved grocery chain now confirms unexpected closures across the Northeast taking place by the end of the year.
Grocery chain Stop & Shop has announced that a total of 32 underperforming locations will shutter in the U.S.
The company said the select stores across the Northeast will be closed before the end of the year.
Stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island will close by November 2.
In May, the company announced the coming store closures.
“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” company president Gordon Reid said, per a July 12 press release.
The company’s president added that the closures were essential “to create a healthy base for the future growth of our brand.”
Fortunately, employees will be offered other positions within the company, according to a press release.
The grocery outlet first opened in 2014 and currently has around 400 stores and 60,000 employees, per Fox affiliate KRLD.
Stop & Shop is owned by Ahold Delhaize which also owns Food Lion, Giant Food, and Hannaford.
Which grocery stores are closing?
In New Jersey, 10 locations will close, while only seven will close in New York.
Rhode Island will see two closures and Massachusetts, the home of the first location, will be closing eight.
Five stores will also be closing in Connecticut.
As other chains such as Walmart and Amazon join the grocery business, it has pushed traditional grocery stores out of view, reports The-Sun.
Stop & Shop hopes the closure of underperforming stores will create “future growth” for the company.
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