MJP –
A large, indispensable retail chain is shutting down its stores in Michigan following its bankruptcy filing under Chapter 11 in October of the previous year.
Rite Aid has revealed its plan to shut down a combined 50 stores in Ohio and Michigan, as stated in recent documents filed in the company’s bankruptcy proceedings.
Last October, the company sought protection under Chapter 11 bankruptcy in the U.S. Bankruptcy Court in New Jersey. In the past week, the company submitted three legal papers detailing the closure of a total of 50 locations.
In Michigan, there will be a total of 33 stores shutting down, while in Ohio, a combined total of 17 stores will be closing their doors.
At the beginning of this month, the store submitted paperwork detailing over 60 additional locations in those two states that are planned to be shut down, according to Super Market News.
During June, Rite Aid submitted paperwork detailing the closure of 12 stores in Michigan and 15 in Ohio.
Not long after being listed, the Detroit Free Press revealed that Rite Aid workers were informed of the company’s intention to shut down all its stores in Michigan and the majority of its stores in Ohio.
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Last month, Rite Aid submitted a Worker Adjustment and Retraining Notification (WARN) notice to the Michigan Department of Technology, Management, and Budget. This notice revealed their intention to shut down the Waterford distribution center in the state, leading to the unfortunate dismissal of 191 employees.
When the retailer declared bankruptcy last year, it announced the closure of 154 stores as a first step.
Nevertheless, the company has expanded the list by incorporating hundreds of new locations throughout the country.
With 2,111 stores under its belt, the retailer from Philadelphia found itself in a state of bankruptcy. As per the information on its website, Rite Aid is presently running 1,591 stores.
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