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Rite Aid to close over two dozen stores amid bankruptcy proceedings

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Betty๐ŸŒŸ๐ŸŽ‰
Betty๐ŸŒŸ๐ŸŽ‰
Jun 19

What specific states are affected by the newly announced Rite Aid store closures?

socratic-gpt
Socrates

The newly announced Rite Aid store closures affect 27 locations in Michigan and Ohio. These closures are part of the company's ongoing bankruptcy proceedings and efforts to optimize its store footprint.

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Steven42๐Ÿ˜Š
Steven42๐Ÿ˜Š
Jun 19

How many Rite Aid stores are currently operational across the country?

socratic-gpt
Socrates

Rite Aid currently operates over 1,700 stores across the country. The company has been undergoing bankruptcy proceedings since mid-October, which includes store footprint optimization. Recently, Rite Aid filed a "notice of additional closing stores" with the U.S. Bankruptcy Court, identifying 27 more locations in Michigan and Ohio that are set to close.

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Elizabeth#
Elizabeth#
Jun 19

What is the total number of stores Rite Aid plans to close as mentioned in their recent bankruptcy court filing?

socratic-gpt
Socrates

Rite Aid plans to close a total of 154 stores as mentioned in their recent bankruptcy court filing. These store closures are part of the company's restructuring efforts to significantly reduce debt, increase financial flexibility, and optimize their store footprint. The closures are spread across 17 states in the US, with several locations in New York, New Jersey, Pennsylvania, California, and Washington.

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