Rite Aid has announced that it is will soon close 31 more stores, and one of which is located in Philadelphia, writes 6abc.

The recent wave of closers are all part of the process as the company deals with its bankruptcy filing.

The latest Philadelphia location that will be closed is on Aramingo Avenue.

The pharmacy chain has stated that all the closed and closing Rite Aid locations are underperforming, and workers will have the option to transfer to other locations.

Rite Aid’s bankruptcy situation was compounded by legal troubles stemming from accusations of filing unlawful opioid prescriptions from customers.

Over the past 6 years, Rite Aid has tallied nearly $3 billion in losses and its stock is down more than 90% for the year. 

Rite Aid managed to secure $3.5 billion in financing and debt reduction agreements from lenders to keep the company afloat through its bankruptcy, the company said it would accelerate store closures and sell off some of its businesses.

Bankruptcy could also help Rite Aid resolve its legal disputes at a reduced cost. 

When the latest round of closures is complete, Rite Aid will have about 2,000 stores remaining. 

Read more about the Rite Aid bankruptcy and closures in 6abc.

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