Rite Aid files for Chapter 11 bankruptcy, appoints new leadership in financial restructuring initiative


  • Global Moderator

    Rite Aid Corp. filed for Chapter 11 bankruptcy on Sunday in a financial restructuring effort that included the naming of new leadership as the drug retailer faces lawsuits on accusations of contributing to the opioid crisis.

    https://www.foxbusiness.com/markets/rite-aid-files-bankruptcy-appoints-new-leadership-financial-restructuring-initiative


  • Global Moderator

    Mind you, Chapter 11 is reorganization and not liquidation.


  • Global Moderator


  • Global Moderator


  • 500 Club

    If and when there’s a store closing list could you mention it in the post please? Otherwise I’m assuming the articles linked all say the same thing: competition, opiate law suits, crime, etc


  • Global Moderator

    @my4mainecoons said in Rite Aid files for Chapter 11 bankruptcy, appoints new leadership in financial restructuring initiative:

    If and when there’s a store closing list could you mention it in the post please? Otherwise I’m assuming the articles linked all say the same thing: competition, opiate law suits, crime, etc

    Yes, if and when there is a closing list that is made public I would be happy to post. Maybe RA holds the list “close to the vest” though. I have yet to see such a list, but the stores, at least near me, seem to be closing like dominoes.

    Rite Aid seems to be taking a page from Sears playbook when they filed for bankruptcy, and you see where that hit them.



  • @mrvietnam s/b “falling like dominoes”.
    https://www.youtube.com/watch?v=Ql9-X3fKqvI


  • Global Moderator

    @sonofzeus said in Rite Aid files for Chapter 11 bankruptcy, appoints new leadership in financial restructuring initiative:

    @mrvietnam s/b “falling like dominoes”.
    https://www.youtube.com/watch?v=Ql9-X3fKqvI

    I say that because in the last 6 months or so half of the 14 stores in a 10 mile radius in my area have closed. Maybe they are planning to leave California with all the retail theft here.


  • 500 Club

    @MrVietnam When Wags bought stores wasn’t CA relatively unaffected? Granted you’re in a highly populated, urban area but to have as many stores within a 10 mile radius seems dense (speaking of distribution not cognition, lol). There are only 5 stores left in my state so I wouldn’t be surprised if they left completely.



  • Rite Aid Stores to Close by State:
    California

    4044 Eagle Rock Boulevard, Los Angeles

    4046 South Centinela Avenue, Los Angeles

    7859 Firestone Boulevard, Downey

    4402 Atlantic Avenue, Long Beach

    935 North Hollywood Way, Burbank

    139 North Grand Avenue, Covina

    13905 Amar Road, La Puente

    920 East Valley Boulevard, Alhambra

    3813 Plaza Drive, Oceanside

    1670 Main Street, Ramona

    6505 Mission Gorge Road, San Diego

    8985 Mira Mesa Boulevard, San Diego

    25906 Newport Road, Menifee

    24829 Del Prado, Dana Point

    30222 Crown Valley Parkway, Laguna Niguel

    19701 Yorba Linda Boulevard, Yorba Linda

    1406 West Edinger Avenue, Santa Ana

    2738 East Thompson Blvd., Ventura

    720 North Ventura Road, Oxnard

    20572 Homestead Road, Cupertino

    2620 El Camino Real, Santa Clara

    901 Soquel Avenue, Santa Cruz

    571 Bellevue Road, Atwater

    5409 Sunrise Boulevard, Citrus Heights

    1309 Fulton Avenue, Sacramento

    3029 Harbor Boulevard, Costa Mesa

    959 Crenshaw Boulevard, Los Angeles

    3000 South Archibald Avenue, Ontario

    15800 Imperial Highway, La Mirada

    8509 Irvine Center Drive, Irvine

    499 Alvarado Street, Monterey

    Connecticut

    289 Greenwood Ave., Bethel

    Delaware

    25 Chestnut Hill Plaza, Newark

    3209 Kirkwood Highway, Wilmington

    Idaho

    1600 North Main Street, Meridian

    5005 West Overland Road, Boise

    Maryland

    728 East Pulaski Highway, Elkton

    5624 Baltimore National Pk, Baltimore

    5804 Ritchie Highway, Baltimore

    7501 Ritchie Highway Glen, Burnie

    7967 Baltimore Annapolis Blvd Glen, Burnie

    5 Bel Air South Pky, Suite1347, Bel Air

    Massachusetts

    80 East Main Street, Webster

    Michigan

    924 West Main Street, Fremont

    507 N Lafayette Street, Greenville

    715 South Clinton Street, Grand Ledge

    15250 24 Mile Road, Macomb

    102 North Centerville Road, Sturgis

    47300 Pontiac Trail, Wixom

    35250 South Gratiot Avenue, Clinton Twp.

    51037 Van Dyke Avenue, Shelby Township

    3100 East Michigan Avenue, Jackson

    9155 Telegraph Road, Taylor

    1243 U.S. 31 South, Manistee

    29447 Ford Road, Garden City

    2838 East Court Street, Flint

    1900 East 8 Mile Road, Detroit

    36485 Garfield Road, Clinton Twp.

    25922 Middlebelt Road, Farmington Hills

    109 North Whittemore Street, St. Johns

    1124 North Ballenger Hwy., Flint

    2701 South Cedar Street, Lansing

    New Hampshire

    420 Daniel Webster Highway, Merrimack

    New Jersey

    4057 Asbury Ave Ste 8, Tinton Falls

    431 Haledon Avenue, Haledon

    35 Mill Road, Irvington

    1636 Route 38 Suite 49, Lumberton

    773 Hamilton Street, Somerset

    1434 S Black Horse Pike, Williamstown

    3 Marshall Hill Road, West Milford

    210 Bridgeton Pike, Mantua

    108 Swedesboro Road Suite 20, Mullica Hill

    2370 Route 33, Robbinsville

    1726 Route 37, East Toms River

    86 B Lacey Road, Whiting

    New York

    2887 Harlem Road, Cheektowaga

    2002 Avenue U, Brooklyn

    2 Whitney Avenue, Floral Park

    71-18 Kissena Boulevard, Flushing

    3131 Hempstead Turnpike, Levittown

    2981 Ocean Avenue, Brooklyn

    3199 Long Beach Road, Oceanside

    198 West Merrick Road, Valley Stream

    836 Sunrise Highway, Bay Shore

    2784 Sunrise Highway, Bellmore

    901 Merrick Road, Copiague

    577 Larkfield Road, East Northport

    695 East Jericho Turnpike, Huntington Station

    700-43 Patchogue-Yaphank Road, Medford

    273 Pine Hollow Road, Oyster Bay

    397 Sunrise Highway, West Patchogue

    593 Old Town Rd., Port Jeff Station

    65 Route 111, Smithtown

    2453 Elmwood Avenue, Kenmore

    1567 Penfield Road, Rochester

    Ohio

    3129 Lincoln Way, East Massillon

    120 South Main Street, New Carlisle

    146 Woodman Drive, Dayton

    2701 Market Street, Youngstown

    401 West North Street, Springfield

    230 South Main Street, Bellefontaine

    Oregon

    2440 SE Cesar E Chavez Blvd, Portland

    Pennsylvania

    2715 Parade Street, Erie

    5612 N. Fifth Street, Philadelphia

    350 Main Street, Pennsburg

    4011 Cottman Avenue, Philadelphia

    1441 Old York Road, Abington

    300 Market Street, Johnstown

    8716 New Falls Road, Levittown

    11750 Bustleton Avenue, Philadelphia

    169 West Lancaster Avenue, Ardmore

    1315 East Washington Lane, Philadelphia

    801 Wyoming Avenue Ste 9, West Pittston

    657 Heacock Road, Yardley

    2801 W. Dauphin Street, Philadelphia

    1709 Liberty Street, Erie

    674 Route 196, Ste 14, Tobyhanna

    2722 West 9th Street, Chester

    950 East Baltimore Pike, Yeadon

    8235 Stenton Avenue, Philadelphia

    7941 Oxford Avenue, Philadelphia

    136 North 63rd Street, Philadelphia

    5440 Lansdowne Avenue, Philadelphia

    208 East Central Avenue, Titusville

    1080 S West End Blvd, Quakertown

    700 Stevenson Blvd., New Kensington

    351 Brighton Avenue, Rochester

    5235 Library Road, Bethel Park

    5990 University Blvd Ste 30, Moon Township

    2501 Saw Mill Run Blvd, Pittsburgh

    5410 Keeport Drive, Pittsburgh

    6090 Route 30, Greensburg

    4830 William Penn Highway, Export

    1730 Wilmington Road, New Castle

    2178 W. Union Blvd., Bethlehem

    1628 South Fourth Street, Allentown

    2401 East Venango Street, Philadelphia

    6327-43 Torresdale Avenue, Philadelphia

    200 W. Ridge Avenue Ste 112, Conshohocken

    301 Eisenhower Drive, Hanover

    7036 Wertzville Road, Mechanicsburg

    Virginia

    833 North Battlefield Blvd, Chesapeake

    1458 Mount Pleasant Road, Chesapeake

    Washington

    601 South Grady Way, Ste. P, Renton

    3202 132nd Street, S.E., Mill Creek

    110 SW 148th Street, Burien

    10103 Evergreen Way, Everett

    8230 Martin Way, East Lacey

    22201 Meridian Avenue, E Graham

    9600 15th Ave SW, Seattle

    2518 196th St SW, Lynnwood

    3620 Factoria Blvd SE, Bellevue

    11919 NN 8th Street, Bellevue

    7370 170th Ave NE, Redmond


  • 500 Club

    @sonofzeus Thank you! None of the stores in the 3 states I shop are on the list.
    I’m still glad that I’ve cashed out most of my gift cards.


  • Global Moderator

    @sonofzeus said in Rite Aid files for Chapter 11 bankruptcy, appoints new leadership in financial restructuring initiative:

    Rite Aid Stores to Close by State:

    Just curious, but where did you find the list?


  • 500 Club

    @mrvietnam did you really need to copy the whole list again? Reply would have worked, lol.



  • @mrvietnam I have world class research assistants.


  • 500 Club

    @mrvietnam I wish I could shop at a closing store. I cashed out a lot with iBotta. Makeup was 75% off and there were rebates for Sally Hansen, Revlon, Maybelline & Rimmel. There are always q’s for CoverGirl. MM if you get the cheapest makeup as q’s and iBotta are usually ~$3. (75% off Rimmel was <$1). Depends & Poise are 50% off with some giving BC and/or iBotta. Combine with regular deals to use e.g. $5/$25, $10 back wyb $50.



  • Jan 30th list:
    0_1706715856099_3623f076-0ee2-4553-8014-7e3ee61dfe9c-image.png


  • 500 Club

    From $75 on 4 cards after BF I’m down to just $10 BC and $4 in points on a single card and <$25 in RA gc.


 

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