Rite Aid is closing 15 stores in Philadelphia, surrounding area

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Rite Aid is closing 15 stores in Philadelphia, surrounding area
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Fifteen stores in the Delaware Valley made the list; 4 in Lehigh County, one in Delaware County, and several in Philadelphia and South Jersey.

2401 East Venango Street, Philadelphia, Pennsylvania136 North 63rd Street, Philadelphia, Pennsylvania10 South Center Street, Pottsville, Pennsylvania1636 Route 38, Suite 49, Lumberton, New JerseyRoute 33 and Robbinsville- Edinburg Road, Robbinsville, New JerseyRite Aid says they will move prescriptions from these locations to other nearby stores.

That filing also noted that the company lost about $1.3 billion in the first half of its fiscal year. That’s more than double the $441 million it lost in the same period during the previous fiscal year.The company said earlier this week that going through its voluntary Chapter 11 process will help significantly cut the company’s debt and resolve litigation "in an equitable manner."

The Philadelphia company has struggled financially for years and also faces financial risk from lawsuits over opioid prescriptions like its bigger rivals, CVS and Walgreens.All the news you need to know, every day

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