Rite Aid to close Point Plaza location
Officials at Rite Aid have confirmed that the pharmacy chain will be closing its 178 Point Plaza location in Butler Township on Nov. 26.
This comes after Rite Aid filed for Chapter 11 bankruptcy in mid October and announced it would initially close over 150 stores nationwide.
“Rite Aid regularly assesses its retail footprint to ensure we are operating efficiently while meeting the needs of our customers, communities, associates and overall business,” Rite Aid said in a statement Tuesday. “In connection with the court-supervised process, we notified the Court of certain underperforming stores we are closing to further reduce rent expense and strengthen overall financial performance.
“At this time, we have not made or confirmed any decisions on additional specific store closures as part of our financial restructuring process.”
Prior to the closures, Rite Aid employed about 45,000 people, of which more than 6,100 are pharmacists.
Rite Aid says approximately 75% of its associates have accepted opportunities to transfer locations if their store has been or is part of the ongoing store closures.
