Rite Aid to continue tidal wave of closures as 40 more stores set to disappear

Rite Aid is continuing with its tidal wave of closures , with 40 more stores set to disappear in the coming months. The drugstore chain confirmed it would be closing 125 stores in June, all but three being in Ohio and Michigan.

The chain filed for Chapter 11 bankruptcy in October in a bid to reduce its debt and restructure accordingly. Since then, the company has announced in bankruptcy filings the closings of 590 stores.

Eighty five outlets were confirmed to be shut down, predominantly, again, in Ohio and Michigan . Since filing for bankruptcy, Rite Aid has declared the closure of 550 stores in total.

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The 40 most recent announced closings include:

569 S. High St., Cortland, Ohio

5789 Ortonville Road, Clarkston, Michigan

325 E. Waterloo Road, Akron, Ohio

713 N. State St., Girard, Ohio

2580Lake Ave., North Muskegon, Michigan

3273 W. Huron St., Waterford, Michigan

5224 Dorr St., Toledo, Ohio

1004 E. Michigan Ave., Lansing, Michigan

2603 Jackson Ave., Ann Arbor, Michigan

142 Broad St., Elyria, Ohio

3030 Market Ave., N.E., Canton, Ohio

25610 Pontiac Trail, South Lyon, Michigan

2410 Burton St. SE, Grand Rapids, Michigan

35101 Michigan Ave. East, Wayne, Michigan

501 E. Houghton Ave., West Branch, Michigan

1111 Scott St., Napoleon, Ohio

900 Union Blvd., Englewood, Ohio

2910 Pine Grove Ave., Port Huron, Michigan

2775 Port Sheldon St., Jenison, Michigan

1025 Ashmun St., Sault St. Marie, Michigan

419 W. Main St., Gaylord, Michigan

842 S. State St., Big Rapids, Michigan

100 Covered Village Mall, Belding, Michigan

147 W. Liberty St., Hubbard, Ohio

4053 S. Main St., Akron, Ohio

360 N. ML King Jr. Blvd., Pontiac, Michigan

25 W. Main St., East Palestine, Ohio

3106 E. Saginaw St., Lansing, Michigan

479 Main St., Grafton, Ohio

4018 N. McCord Road, Sylvania, Ohio

618 N. Clinton St., Defiance, Ohio

693 McCartney Road, Youngstown, Ohio

11 S. 11th St., Niles, Michigan

51341 W. Huron Drive, Belleville, Michigan

521 N. State Road, Davison, Michigan

2140 U.S. Highway 23S, Alpena, Michigan

437 N. Wolf Creek St., Brookville, Ohio

613 W. Main St., Louisville, Ohio

5 S. Groesbeck Highway, Mt. Clemens, Michigan

Rite Aid’s bankruptcy plan last week at a court hearing in New Jersey meaning the pharmacy chain can cut $2 billion in debt and turn over control of the company to a group of its lenders, according to CNBC.

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Rite Aid plans to exit from bankruptcy in about a month, funded by $2.55 billion in financing provided by its lenders, according to Reuters.

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