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Angus Mordant. Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations are in Ohio and Michigan. More ...
October 19, 2023 at 11:50 AM. Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The ...
The company, headquartered in Pennsylvania, has closed a slew of locations across the country while in Chapter 11 bankruptcy. Rite Aid operates over 1,700 stores across the country, according to ...
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic. [2] [3] In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising ...
The company filed the notice of additional closings ― which include stores in Lakewood and Toledo ― Tuesday in federal bankruptcy court. Objections to that plan can be filed by April 26.
In June 2024, SDI Stores filed for Chapter 11 bankruptcy protection, marking Bob's Stores fourth time in bankruptcy protection. The filing came after the company announced that up to 10 stores would close from both brands. SDI Stores owed millions of dollars in unpaid debt to many of its creditors.
Which stores in Ohio are closing? Currently, 15 stores in Ohio are closed or will close soon: Alliance: 1895 West State Street. Ashtabula: 2148 Lake Avenue. Bowling Green: 722-740 South Main Street.
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