Rite Aid Is Closing 34 More Locations After Bankruptcy Filing—Here’s Where
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Unlike the grocery stores or bank branches we tend to choose based on their product selections and services, your go-to drugstore is likely whichever is closest to you. They’re often the one place to get a prescription filled in a pinch, stock up on toiletries or cosmetics, and pick up over-the-counter medicines when you’re feeling under the weather. But even though it might seem like they provide an irreplaceable service, some chains are still suffering from economic woes. That includes Rite Aid, which just announced that it’s closing 34 more locations months after filing for bankruptcy. Read on to see which stores will be shutting down and if you’ll be affected.
RELATED: T.J. Maxx and Marshalls Are Closing Stores Starting Next Month—Here’s Where .
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While many brick-and-mortar retailers have struggled in recent years, the past few months have been particularly difficult for Rite Aid. On Oct. 15, the well-known drugstore chain filed for Chapter 11 bankruptcy in New Jersey amid ongoing struggles with declining sales and $3.3 billion in debt, CNN reported.
The company is also facing added pressure after the U.S. Department of Justice (DOJ) filed a lawsuit in March alleging the company had “filled hundreds of thousands of prescriptions that did not meet legal requirements” for highly addictive painkillers, according to a press release from the agency. The DOJ also claims Rite Aid ignored evidence it was dispensing illegal prescriptions and ignored “red flags” that they were unlawful.
Even preceding the lawsuit, the company faced economic headwinds. Financial reports to the U.S. Securities and Exchange Commission (SEC) show the company lost roughly $3 billion since 2020, CNN reports.
“It was always a matter of when, not if, Rite Aid would file for bankruptcy,” Neil Saunders , managing director of consulting company GlobalData, said in a note to investors, per CNN. “The company has been deep in the red for the past six years.”
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While the company’s leadership says it plans to stay in business, part of its restructuring plan has involved shutting down some of its locations. The latest set of stores comes from a court document filed by Rite Aid on Nov. 28, which shows that more than a dozen stores will close east of the Mississippi River.
In the Northeast, Connecticut will lose a location at 66 Church Street in New Haven. Meanwhile, New York will lose one location each in Miller Place and the Bronx. And New Jersey will be down two locations after stores close in Beachwood and Moorestown.
Pennsylvania is slated to lose four stores across West Chester, Bellefonte, Pittsburgh, and Philadelphia. Three Rite Aid locations will also close in Ohio in Toledo, Chardon, and Canton.
Shoppers in Maryland will lose one store when the Delmar location closes. And Virginia will lose three Rite Aids, as one location in Williamsburg and two in Norfolk shutter.
RELATED: 6 Banks, Including Wells Fargo and Bank of America, Closing Branches This Fall .
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The company’s planned changes will also affect locations closer to the Pacific. Nevada is losing one location in Gardnerville, and Oregon will lose stores in Salem and St. Helens.
A trio of closures is planned for Washington as the drugstore chain says goodbye to locations in Tacoma, Lacey, and Seattle. But it’s California that will see the most Rite Aid stores close: The state will lose seven locations across Lake Tahoe, Livermore, Sacramento, Capitola, Oakhurst, Agoura, and Truckee, according to the court document.
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And the store closures don’t appear to be stopping there. On Dec. 5, the company filed another court document outlining an additional set of stores set to shut down in the coming months.
According to the latest list, the company says Connecticut will lose one additional location when it shutters its store in Ansonia. A location in Williston Park, New York, is also set to close. And California will be down another Rite Aid with the closure of a store in Palm Desert.
- Source: United States Files Complaint Alleging that Rite Aid Dispensed Controlled Substances in Violation of the False Claims Act and the Controlled Substances Act
T.J. Maxx and Marshalls Are Closing Stores Starting Next Month—Here’s Where
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Not only do off-price retailers offer steep discounts—they also provide something of a treasure hunt whenever you go in, because their inventory is always changing. Any good bargain hunter or shopper looking for unique finds probably knows where their nearest T.J. Maxx or Marshalls is located. But both retailers, which are owned by parent company TJX, just announced a new slew of closures in different U.S. regions. Read on to find out where T.J. Maxx and Marshalls are closing stores.
RELATED: 6 Banks, Including Wells Fargo and Bank of America, Closing Branches This Fall .
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The first store to close is a Marshalls store at Snyder Plaza in Philadelphia . The store will see its final day on Dec. 9, per a statement from TJX provided to The Philadelphia Inquirer .
“We are grateful for the loyalty of our Philadelphia customers,” the statement reads. The company also confirmed that the 60 associates employed at the South Philadelphia location would be offered positions at nearby stores.
RELATED: These Are All of the Rite Aid Locations Closing Soon .
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Another Marshalls store is closing in New York early next year, Insider reported. The store at 610 Exterior Street in the Bronx is officially closing to the public on Jan. 6, 2024, and 100 employees will be terminated “on, or around” Jan. 10, 2024, according to a notice filed with the New York State Department of Labor WARN Unit last month.
Per a separate WARN notice, a T.J. Maxx store located at 503 Fulton Street in Brooklyn is also closing to the public on Jan. 6, with its 69 employees terminated around Jan. 10.
A company spokesperson told Bronx News 12 that all employees from both locations would also be offered positions at other stores.
RELATED: Staples and Office Depot Are Closing Locations .
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The Midwest is losing a T.J. Maxx location as well. According to Block Club Chicago, the T.J. Maxx store on 1008 S. Canal Street in the South Loop neighborhood of Chicago , is shuttering on Jan. 6.
“We are always assessing and reviewing our real estate strategies, and our decision to close these stores reflects that thinking,” a TJX spokesperson told Best Life in a statement. “We have offered all our associates in these stores other jobs in nearby locations. We are grateful for the loyalty of our New York City, Chicago, and Philadelphia customers and invite them to visit our nearby stores to continue to find great values.”
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While the majority of closures are taking place after the holiday shopping season, TJX started shuttering stores last month. On Oct. 8, the T.J. Maxx in the Midway neighborhood of St. Paul, Minnesota , closed after 10 years in business, Axios reported. The retailer provided a similar statement about “assessing and reviewing real estate strategies,” also noting that 55 managers and associates from the location were offered jobs at other stores.
Additionally, as of Oct. 21, HomeGoods has shut down its online store. The news was announced in an email to customers on Oct. 18, Insider reported.
“It’s because of you that we’ve been able to grow to 900 stores strong (and counting), always delivering exceptional value! We are committed to bringing you an amazing experience—one that will continue to deliver a large selection of quality good at incredible savings,” the email reads, per a screenshot published by Insider. “In an effort to deliver on this vision, we’ve made the decision to focus our resources on our brick-and-mortar stores and will no longer offer online shopping after Oct. 21.”
HomeGoods went on to state that it has plans for several store openings—and it appears that the retailer is making good on that promise. It opened new stores in Richmond, Virginia , and Shelton, Connecticut , late last month, and on Nov. 9, it’s opening another location in Wichita Falls, Texas .
