Rite Aid To Close More Stores In NJ: See Where

NEW JERSEY - Rite Aid plans to close one New Jersey store and 29 others nationwide, adding to the roughly 200 stores that Rite Aid has closed across the country since filing for Chapter 11 bankruptcy protection last year.

According to new court documents, the following Garden State Rite Aid will be closed sometime this year:

480 North Beverwyck Rd., Lake Hiawatha

The following stores previously announced they are closing or have already closed, according to NJ.com:

• 93 Atlantic Blvd., Beachwood
• 715 Haddon Ave., Haddonfield
• 121 West Main St., Moorestown
• 1636 Route 38 Suite 49, Lumberton
• 1434 S Black Horse Pike, Williamstown
• 210 Bridgeton Pike, Mantua
• 108 Swedesboro Road Suite 20, Mullica Hill
• 1147 Cooper St., Edgewater Park
• 546 Wrightstown-Sykesville Road, Wrightstown
• 2791 S. Delsea Drive, Vineland
• 37 Juliustown Road, Browns Mills
• 1426 Mount Ephraim Ave., Camden
• Taunton Boulevard and Tuckerton Road, Medford
• 435 E. Broadway, Salem
• 7385 Maple Ave., Pennsauken

The closures come after the struggling drugstore chain filed for Chapter 11 Bankruptcy last October and announced plans to close 150 stores. Since filing for bankruptcy, Rite Aid has said it would close 431 stores.

The Philadelphia-based company has been reporting losses for several years and, like its competitors, faces financial risk from lawsuits over opioid prescriptions.

The chain said on its website it has 1,704 stores in the United States. That number was about 4,600 in 2013, according to Business Insider. About 2,000 stores were sold to Walgreens in 2017 after a deal to sell the drugstore chain to its rival was nixed by federal regulators.

"Rite Aid regularly assesses its retail footprint to ensure we are operating efficiently while meeting the needs of our customers, communities, associates and overall business," a Rite Aid spokesperson told Business Insider. "In connection with the court-supervised process, we notified the Court of certain underperforming stores we are closing to further reduce rent expense and strengthen overall financial performance."

- With reporting by Miranda Ceja.