Pharmacy chain Ceremony Aid is shuttering an further 31 outlets in a dozen states, according to a new personal bankruptcy court docket filing.
The company announced far more than 150 other retail outlet closures past thirty day period when it filed for Chapter 11 individual bankruptcy protection. A Wednesday information release mentioned it operates extra than 2,300 retail pharmacy destinations throughout 17 states.
Ceremony Support spokesperson Catherine Carter reported the shops that will be closing have been underperforming and will be shut “to further more lower rent expenditure and strengthen all round fiscal general performance.” The business plans to give workers at closing outlets the option to transfer to other areas.
Why did Ceremony Assist file for individual bankruptcy?
Rite Support, one particular of the greatest pharmacy chains in the state, filed for bankruptcy in October as it confronted slumping product sales and a lot more than a thousand federal, condition and local lawsuits accusing it of fueling the opioid epidemic by illegally filling painkiller prescriptions.
The company’s inventory experienced dipped much more than 95% over the earlier calendar year and closed up 2.4% Wednesday at $.22.
Other pharmacies closing
The closures arrive as the U.S. pharmacy technique as a full struggles to operate effectively with significantly less workers. Pharmacists at some of the nation’s largest chains have commenced to protest deteriorating operating conditions, with personnel at Ceremony Support, Walgreens and CVS staging walkouts in the latest months.
Other pharmacy chains have also been shuttering outlets. Walgreens in July said it prepared to close 150 places in the U.S. and yet another 300 in the United Kingdom, and CVS in 2021 declared strategies to close 300 shops for each year over the next a few many years.
Prescription for catastrophe:America’s damaged pharmacy method in revolt about burnout and faults
Which Rite Aid retailers are closing?
California:
- 1020 Al Tahoe Blvd. in South Lake Tahoe
- 11230 Donner Go Street in Truckee
- 1475 41st Ave. in Capitola
- 49060 Highway 426 in Oakhurst
- 5747 Kanan Highway in Agoura
- 1350 North Vasco Road in Livermore
- 4980 Freeport Blvd. in Sacramento
Connecticut:
- 66 Church St. in New Haven
Maryland:
- 1301 East State St. in Delmar
Michigan:
- 1301 West 14 Mile Street in Clawson
- 3681 Shawnee Road in Bridgman
New Jersey:
- 93 Atlantic Blvd. in Beachwood
- 121 West Most important St. in Moorestown
New York:
- 335 Route 25A in Miller Place
- 5825-35 Broadway in Bronx
Nevada:
- 1329 U.S. Hwy 395 North, #1 in Gardnerville
Ohio:
- 5033 Suder Ave. in Toledo
- 4332 Cleveland Ave., NW in Canton
- 501 Water St. in Chardon
Oregon:
- 435 Liberty Avenue, N.E. in Salem
- 785 South Columbia River Hwy in St. Helens
Pennsylvania:
- 927 Paoli Pike in West Chester
- 821 East Bishop St. in Bellefonte
- 6200 Saltsburg Highway in Pittsburg
- 2545 Aramingo Ave. in Philadelphia
Virginia:
- 163 W. Ocean Check out Ave. in Norfolk
- 7601 Granby St. in Norfolk
- 4501 Information Street in Williamsburg
Washington:
- 15801 Pacific Ave. in Tacoma
- 1628 5th Ave. in Seattle
- 691 Sleater Kinney Highway SE in Lacey
Spokesperson Carter said the firm has not confirmed any decisions on extra retail outlet closures at this time.
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