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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