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Citrus Heights Rite Aid on chopping block after corporate bankruptcy

The Rite Aid store at 5409 Sunrise Blvd. is slated to close, following an Oct. 15 bankruptcy filing by the company. // M. Hazlip

By Mike Hazlip—
The Rite Aid store on Sunrise Boulevard near Madison Avenue is on a list of locations slated for closure, after the company filed for Chapter 11 bankruptcy protection over the weekend.

The drugstore chain published a list of stores slated for closure in a court document filed Oct. 17, with the store at 5409 Sunrise Blvd. in the Sunrise Village shopping center appearing on the list.

The location is the only suite that was not redeveloped in the recent construction at Sunrise Village. Redevelopment of the Sunrise Village shopping center has been ongoing since the first quarter of 2021 with the demolition of the Benihana restaurant. Recently, See’s Candies moved into the former Patelco building and updated signage at the entrance was put in place.

More than 30 Rite Aid locations throughout California are listed for closure, with the 1309 Fulton Ave. location as the second one in the Sacramento area. Another Rite Aid store in Citrus Heights also closed earlier this year at 6661 Auburn Blvd., and another Rite Aid in the Citrus Town Center closed in 2018.

The company announced the closures in an effort to keep the corporation afloat amid sagging sales, stiff competition, and settlements from lawsuits over opioid prescriptions, the Associated Press reported Monday.

The Philadelphia-based company has been in business for 60 years, according to the Associated Press. The report showed rival chains like Walgreens and CVS also faced similar opioid lawsuit settlements, but those corporations have expanded their revenue by opening health care clinics.

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