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We're learning more about the Rite Aid store closings, part of the drug store chain's Chapter 11 bankruptcy reorganization.
Two Pittsburgh locations are already closed.
One in Crafton and the other at the corner of Routes 51 and 88.
78 retail leases and 21 owned properties were put up for sale around the United States.
They include five locations in the Pittsburgh area.
They are:
Coraopolis – 5590 University Blvd.
Greensburg – 6069 Route 30
New Castle – 1730 Wilmington Rd.
New Kensington – 700 Stevenson Blvd.
Rochester – 351 Brighton Ave.
In total 17 stores around Pennsylvania are up for sale.
The company said Rite Aid stores will continue to fill prescriptions, and customers will still be able to visit its locations or shop online while it goes through its voluntary Chapter 11 process. But that process also will allow it to speed up its plan to close underperforming stores.
Going through Chapter 11 will help “significantly reduce the company’s debt” while helping to “resolve litigation claims in an equitable manner,” Rite Aid late Sunday.
Rite Aid Corp. said in its federal bankruptcy filing that it runs more than 2,000 stores. Most of its locations are on the East and West Coasts.
The Philadelphia company, which is marking its 60th year in business, has posted annual losses for several years and has been cutting costs and closing stores as it dealt with long-standing financial challenges. It has said it expects a net loss of as much as $680 million in the current fiscal year, which will end next spring.
The Associated Press contributed to this report.