11 Philadelphia Rite Aid Stores to Close as Part of Bankruptcy

By

man pulling shopping cart in front of Rite Aid storefront
Image via iStock.
Since Rite Aid filed for bankruptcy, it has been shutting down many locations, and putting its leases up for sale.

Philadelphia Navy Yard-based Rite Aid recently declared Chapter 11 bankruptcy, and as a result, will be closing over 150 stores, writes Alex Bitter for Business Insider

The drugstore chain considers a variety of factors when deciding to close a store, such as business strategy, lease and rent considerations, local business conditions, and store performance.  

The closing stores will be concentrated all throughout the United States, including Pennsylvania.  

Philadelphia will see 11 of its Rite Aid locations close in the coming months including these stores:

  • 2401 East Venango Street  
  • 6327-43 Torresdale Avenue  
  • 5612 N. Fifth Street  
  • 4011 Cottman Avenue  
  • 11750 Bustleton Avenue  
  • 1315 East Washington Lane  
  • 2801 W. Dauphin Street
  • 8235 Stenton Avenue  
  • 7941 Oxford Avenue 
  • 136 North 63rd Street
  • 5440 Lansdowne Avenue 

While these closures will result in some changes, Rite Aid has said it would take measures to ensure there is no disruption of services, such as transferring patients’ prescriptions to other pharmacies. 

“We will also strive to transfer associates to other Rite Aid locations where possible,” the company said. 

Rite Aid has cut its stores in half over the last decade, as rival pharmacy chain Walgreens bought about 2,000 locations in 2017.  

Walgreens and Rite Aid are the second and third largest major drugstore chains in the nation, trailing CVS.  

Learn more about Rite Aid’s bankruptcy, closures, and future in Business Insider

_____

The closures will be across various parts of the city, nation.

Connect With Your Community

Subscribe for stories that matter!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Advertisement