RICHMOND, Va. — Rite Aid will be closing 699 stores nationwide after filing for bankruptcy in October, according to Penn Live.
Of those stores, 24 will be in Virginia.
Rite Aid has reportedly filed for Chapter 11 bankruptcy to restructure and significantly reduce its debt. The company turned control over to a group of its lenders, according to CNBC.
Rite Aid intends to exit bankruptcy with $2.55 billion in financing from its lenders, according to Reuters.
WATCH: Rite Aid files for bankruptcy, plans to close some stores
Rite Aid files for bankruptcy, plans to close some stores
The following stores in Virginia will be closing:
Central Virginia
- 20825 Woodpecker Road in South Chesterfield
- 4310 Westgate Road in North Dinwiddie
- 1801 Hull Street in Richmond
- 1104 Courthouse Road in Richmond
Additional Virginia locations:
- 833 N. Battlefield Boulevard in Chesapeake
- 1415 Cedar Road in Chesapeake
- 1458 Mount Pleasant Road in Chesapeake
- 1031 Armory Drive in Franklin
- 4813 W. Mercury Boulevard in Hampton
- 2460 George Washington Memorial in Hayes
- 671 J. Clyde Morris Boulevard in Newport News
- 7601 Granby Street in Norfolk
- 1101 E. Little Creek Road in Norfolk
- 163 W. Ocean View Avenue in Norfolk
- 5914 W. High Street in Portsmouth
- 1200 Benns Church Boulevard in Smithfield
- 1517 Holland Road in Suffolk
- 5036 Ferrell Parkway in Virginia Beach
- 1660 Independence Boulevard in Virginia Beach
- 1624 Laskin Road, Suite 750 in Virginia Beach
- 1808 Salem Road in Virginia Beach
- 324 Virginia Beach Boulevard in Virginia Beach
- 3653 Virginia Beach Boulevard in Virginia Beach
- 4501 News Road in Williamsburg
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