Rite Aid to close 30 more stores

Rite Aid has continued to announce the closing of more of its stores.

The company announced 30 more closings in a bankruptcy filing on Friday. All 30 stores are in Ohio and Michigan.

Since the beginning of June, Rite Aid has announced that it would close 236 stores. All but three of the stores have been in Ohio and Michigan.

Rite Aid, which was based in East Pennsboro Township near Camp Hill for decades and is now based in Philadelphia, filed for Chapter 11 bankruptcy in October to begin restructuring to significantly reduce its debt.

Since October, the company has announced in bankruptcy filings the closing of 729 stores.

The 30 most recent store closings include:

Ohio

•306 W. Water St., Oak Harbor

•4205 E. Market St., Warren

•1605 Broadway St., Toledo

•10090 Chester Ave., Cleveland

•710 N. Main St., Clyde

•506 W. Market St., Lima

•940 Elida Ave., Delphos

•325 W. Broad St., Newton Falls

•4869 N. Summit St., Toledo

•1914 Bailey Road, Cuyahoga Falls

Michigan

•1026 N. Main St., Royal Oak

•5018 Clio Road, Flint

•9377 Cherry Valley Road, Caledonia

•33330 W. 12 Mile Road, Farmington

•511 10 Mile Road, Rockford

•2010 N. Saint Helen Road, Saint Helen

•15242 N. Holly Road, Holly

•17170 Harper Ave., Detroit

•4515 Corunna Road, Flint

•4515 E. Mount Morris Road

•10 S. Ortonville Road, Ortonville

•28659 Telegraph Road, Flat Rock

•1032 E. Cork St., Kalamazoo

•2130 Wealthy St. S.E., Grand Rapids

•46977 Romeo Plank Road, Macomb

•18430 Fenkell St., Detroit

•10767 E. Carson City Road, Carson City

•4166 17 Mile Road NE, Cedar Springs

•9090 Miller Road, Swartz Creek

•302 W. Main St., Hartford

U.S. Bankruptcy Judge Michael Kaplan approved Rite Aid’s bankruptcy plan at a court hearing in June in Trenton, New Jersey, allowing the pharmacy chain to cut $2 billion in debt and turn over control of the company to a group of its lenders, according to CNBC.

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

Rite Aid had more than 2,100 stores when it filed for bankruptcy in October.

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Source: Berkshire mont