31 Rite Aid stores slated to close in California – Daily News

on Oct17
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Rite Aid has marked 31 stores in California for closure in its restructuring plan, which was filed Monday, Oct. 16 in the U.S. Bankruptcy Court for the District of New Jersey.

The chain, which previously said it might close 500 stores, wrote that at least 154 stores would close.

The troubled retail pharmacy chain 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.

At least 10 stores will close across Los Angeles County. Another six will shutter in Orange County and just two in the Inland Empire.

“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:

LA County

5448 4044 Eagle Rock Boulevard, Los Angeles

6288 959 Crenshaw Boulevard, Los Angeles

5457 4046 South Centinela Avenue, Los Angeles

5466 7859 Firestone Boulevard, Downey

5521 4402 Atlantic Avenue, Long Beach

5571 935 North Hollywood Way, Burbank

5585 139 North Grand Avenue, Covina

5593 13905 Amar Road, La Puente

5611 920 East Valley Boulevard, Alhambra

6333 15800 Imperial Highway, La Mirada

Orange County

5735 24829 Del Prado, Dana Point

6717 8509 Irvine Center Drive, Irvine

5753 30222 Crown Valley Parkway, Laguna Niguel

5757 19701 Yorba Linda Boulevard, Yorba Linda

5760 1406 West Edinger Avenue, Santa Ana

6213 3029 Harbor Boulevard, Costa Mesa

Inland Empire

6318 3000 South Archibald Avenue, Ontario

5730 25906 Newport Road, Menifee

North of LA

5772 2738 East Thompson Blvd., Ventura

5780 720 North Ventura Road, Oxnard

San Diego County

5635 3813 Plaza Drive, Oceanside

5638 1670 Main Street, Ramona

5657 6505 Mission Gorge Road, San Diego

5661 8985 Mira Mesa Boulevard, San Diego

Northern California

5967 20572 Homestead Road, Cupertino

5976 2620 El Camino Real, Santa Clara

5979 901 Soquel Avenue, Santa Cruz

6001 571 Bellevue Road, Atwater

6045 5409 Sunrise Boulevard, Citrus Heights

6080 1309 Fulton Avenue, Sacramento

6769 499 Alvarado Street, Monterey

The 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.

The Associated Press contributed to this report.



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