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Rite Aid lays out plan to close 154 stores initially as it seeks bankruptcy protection

Rite Aid lays out plan to close 154 stores initially as it seeks bankruptcy protection

Rite Aid plans to plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process

Rite Aid plans to plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process.

The company submitted a list of 154 stores in a court filing. Most of the chain’s stores are on the East and West Coasts, and the list reflects that.

Several locations in New York, New Jersey, Pennsylvania, California and Washington made the list. The company also plans to close some stores in Michigan and Ohio as well.

Rite Aid said in a recent Securities and Exchange Commission filing that it has more than 2,200 locations in 17 states.