WAVY.com

Rite Aid closing 24 stores in Virginia, several in Hampton Roads

This photo shows a sign of Rite Aid on its store in Pittsburgh on Jan. 23, 2023. Rite Aid, a major U.S. pharmacy chain, said Sunday, Oct. 15, that it has filed for bankruptcy as part of its effort to restructure its finances. (AP Photo/Gene J. Puskar, File)

VIRGINIA BEACH, Va. (WAVY) — Two dozen Rite Aid stores are closing in Virginia overall as the pharmacy chain undergoes a major restructuring since filing for bankruptcy in October.

10 On Your Side confirmed 24 stores in the commonwealth are among the nearly 700 that have either closed or have been announced for closure nationwide, some of which have been closed for some time. The latest round of closures announced in bankruptcy filings were first reported by PennLive.com.

Last month, a judge approved a restructuring plan for Rite Aid that allows the company to cut its debt by $2 billion and turned over to a group of lenders, Reuters reported. That saved about 28,000 jobs that would have been lost if the deal wasn’t approved, Rite Aid’s attorney said.

In addition to closing hundreds of its stores, Rite Aid also used the bankruptcy to sell its pharmacy benefit company Elixir, negotiate settlements with lenders and others, including governments and individuals who’ve sued it for allegedly contributing to the U.S. opioid epidemic.

The closures leave a handful of locations that are still open in Hampton Roads, including one one 21st Street in Norfolk.

Here’s the full list of stores that have closed/are closing in Virginia:

  1. 1660 Independence Blvd., Virginia Beach
  2. 1101 E. Little Creek Road, Norfolk
  3. 1801 Hull St., Richmond
  4. 1624 Laskin Road, Suite 750, Virginia Beach
  5. 2460 George Washington Memorial, Hayes
  6. 1200 Benns Church Blvd., Smithfield
  7. 1104 Courthouse Road, Richmond
  8. 1415 Cedar Road, Chesapeake
  9. 7601 Granby St., Norfolk
  10. 324 Virginia Beach Blvd., Virginia Beach
  11. 1808 Salem Road, Virginia Beach
  12. 1517 Holland road, Suffolk
  13. 5914 W. High St., Portsmouth
  14. 163 W. Ocean View Ave., Norfolk
  15. 4501 News Road, Williamsburg
  16. 671 J. Clyde Morris Blvd., Newport News
  17. 20825 Woodpecker Road, South Chesterfield
  18. 5036 Ferrell Parkway, Virginia Beach
  19. 4310 Westgate Road, North Dinwiddie
  20. 3653 Virginia Beach Blvd., Virginia Beach
  21. 4813 W. Mercury Blvd., Hampton
  22. 1031 Armory Drive, Franklin
  23. 833 N. Battlefield Blvd., Chesapeake
  24. 1458 Mount Pleasant Road, Chesapeake