Rite Aid closes 12 stores in Michigan: List of affected locations
Rite Aid closes twelve stores in Michigan due to bankruptcy
Rite Aid, one of the nation’s largest drugstore chains, plans to close nearly 30 more stores in the Midwest – 12 in Michigan and 15 in Ohio.
Rite Aid, one of the largest drugstore chains in the United States, plans to close 12 more stores in Michigan. The company announced this in a court filing earlier this week. This will allow it to avoid federal bankruptcy protection.
The document, filed Monday in U.S. Bankruptcy Court in New Jersey, did not say when the stores would close or what would happen to employees, but said the non-prescription goods would be liquidated as part of store closure and clearance sales.
The 12 stores in Michigan represent less than 10% of the 186 Rite Aid stores in the state.
Michigan stores are spread across the state, with about half of them located in the Detroit metropolitan area. These include:
- 15411 Southfield Road, Allen Park
- 107 Kercheval Ave., Grosse Pointe Farms
- 37399 Six Mile Road, Livonia
- 640 N. Milford Road, Milford
- 1998 Biddle Ave., Wyandotte
The following businesses are also expected to close:
- 3880 Wilder Road, Bay City
- G4033 Fenton Road, Burton
- 6026 Lapeer Road, Burton
- 4519 Richfield Road, Flint
- 936 E. Ludington Ave., Ludington
- 2985 Main Street, Marlette
- 603 E. Savidge St., Spring Lake
More: Temperatures in the Detroit metropolitan area will be so hot this week that you could get seriously ill
Rite Aid isn’t the only retailer closing stores, however. CVS and Walgreens have also announced plans to close hundreds of stores after decades of expansion, partly because they too are facing increasing competition and opioid lawsuits.
The new Rite Aid store closures come on the heels of lenders’ demands earlier this month to cut a planned $20 million payout to CEO Jeffrey Stein before the company is funded out of bankruptcy, according to a Bloomberg report.
In March, the Free Press reported that a Rite Aid store in midtown Detroit would close, presumably due to theft. The move, the report said, was “disappointing to some longtime customers” but “not a big surprise to anyone.” And there are fears nationwide that the closure of so many drugstores will leave some communities without stores.
Rite Aid – a Philadelphia-based chain founded in 1968 in Scranton, Pennsylvania, as Thrift D Discount Center – announced in August that it would file for Chapter 11 bankruptcy after years of sustained growth despite a mounting debt load and thousands of opioid lawsuits filed against the company.
The Rite Aid chain grew slowly at first, then quickly, by acquiring other drugstores.
The company entered the Michigan market in 1984 with the purchase of a chain based in Grand Rapids as well as pharmacies in Lowell, Flint and Lansing.
But over the past two decades, the chain has shed thousands of stores, from more than 5,000 in 2008 to about 1,700 today. It has also struggled to be acquired by other chains. Deals with Walgreens in 2015 and with Boise, Idaho-based grocery chain Albertson’s in 2018 both fell through.
Contact Frank Witsil: 313-222-5022 or [email protected].
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