The chain, which previously said it might close 500 stores, wrote that at least 154 stores would close.
The drug-store chain Rite Aid has marked at least 154 stores nationwide for closure as it restructures. is facing slumping sales and several opioid-related lawsuits. To make ends meet, the company is looking to reduce its debt while resolving “litigation claims in an equitable manner,” Rite Aid reps said Sunday.“Many of the stores on this list have already closed and received ample notice of the closure, while some will close in the coming weeks,” Rite Aid said via email Tuesday.
Here’s the list of stores Rite Aid has marked for closure in California. The store number precedes each address:5657 — 6505 Mission Gorge Road, San DiegoThe 60-year-old Rite Aid operates 2,100 stores in the U.S., mostly in coastal states, and has posted annual losses for several years. The company reported that its revenue fell to $5.7 billion in the fiscal quarter that ended June 3, down from $6.0 billion a year earlier, logging a net loss of $306.7 million.
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