After filing for Chapter 11 bankruptcy protection for a second time this week, Rite Aid is already planning to wind down operations at underperforming locations in at least nine states, court documents show.  The long-suffering drug store chain, which is scrambling to sell parts of its business less than one year after emerging from bankruptcy the first time, has identified 47 locations that it will initially close as is negotiates with potential buyers and moves through the Chapter 11 process yet again.  Rite Aid has 1,277 pharmacies, three distribution centers, and more than 24,000 employees across 15 states, and it’s hoping to sell many of its locations to preserve jobs, minimize the impact on customers, and extract the most value out of its business operations—especially its prescription files, which it sees as its most vaulable assets. However, it saw “little or no value” in the initial stores that were marked for closure in this week’s filing, and so it has either started the process of closing the stores down or will do so soon.  Fast Company has reached out to Rite Aid for more details about the timeline of these store closures. Will all Rite Aid locations eventually close? Some news outlets have falsely reported that Rite Aid is already planning to close all of its locations, but the company has made no such announcement. While many stores will no doubt shutter as the bankruptcy process unfolds, others could be sold to new owners. Which stores will be sold and how many is unclear. What is clear is that this will be a fast-moving process, as Rite Aid believes time is of the essence. Why is this process moving so quickly? This is not Rite Aid’s first time at the Chapter 11 rodeo. The company knows from its bankruptcy in 2023 that the longer it takes to secure deal with buyers, the more pharmacy customers it’s going to lose. That’s because people who get their prescriptions from Rite Aid are increasingly likely to transfer them elsewhere the more they read about the company’s bankruptcy in media reports. A substantial customer exodus will make Rite Aid’s business less attractive to buyers.  “The timeline proposed for the contemplated sale process is, in the Debtors’ business judgment, essential to preserving value and facilitating an orderly sale process,” Rite Aid wrote in a court filing. “Based on Rite Aid’s prior experience selling similar assets, the longer the sale process takes, the greater the value erosion through attrition in the meantime. This risk is entirely one-sided and to the Debtors’ detriment.” Which locations are closing soon? According to this week’s filing, the following 47 locations are set to close and may already be in the process of doing so. (Based on a search of their Yelp pages, some may have already closed.) Rite Aid says it chose the locations based on factors such as underperformance and “lack of proximity” to competitors that might be willing to buy the locations.  California 211 East 17th Street, Costa Mesa, CA 92627 1331 Wilshire Boulevard, Santa Monica, CA 90403 446 East Washington Blvd., Los Angeles, CA 90015 23 Peninsula Center, Rolling Hills Estates, CA 90274 3300 East Anaheim Street, Long Beach, CA 90804 1203 West Imola Avenue, Napa, CA 94559 1550 Hamilton Avenue, San Jose, CA 95125 501 South Gaffey Street, San Pedro, CA 90731 4840 Niagara Avenue, San Diego, CA 92107 32450 Clinton Keith Road, Wildomar, CA 92595 720 Sutton Way, Grass Valley, CA 95945 34420 Yucaipa Boulevard, Yucaipa, CA 92399 2751 Del Paso Road, Sacramento, CA 95835 1038 East Colorado Boulevard, Pasadena, CA 91106 6150 Van Buren Boulevard, Riverside, CA 92503 220 West East Avenue, Chico, CA 95926 1534 East Florence Avenue, Los Angeles, CA 90001 4774 West Lane, Stockton, CA 95210 4920 La Sierra Avenue, Riverside, CA 92505 Connecticut 56 Rubber Avenue, Naugatuck, CT 06770 113-115 Mill Plain Rd., Danbury, CT 06811 180 Main Street, Cheshire, CT 06410 Massachusetts 10084-02 1031 Main St., Clinton, MA 01510 New Hampshire 354 Winchester Street, Keene, NH 03431 19 Wilton Road Ste 1A, Peterborough, NH 03458 75 Portsmouth Avenue Unit 1, Exeter, NH 03833 New Jersey 75 South Main Street, Neptune, NJ 07753 403 Sicklerville Road, Sicklerville, NJ 08081 New York 55-60 Myrtle Avenue, Ridgewood, NY 11385 8222 18th Avenue, Brooklyn, NY 11214 5901 Bay Parkway, Brooklyn, NY 11204 50-15 Roosevelt Avenue, Woodside, NY 11377 60-26 Woodside Avenue, Woodside, NY 11377 Oregon 2521 South Sixth Street, Klamath Falls, OR 97601 700 S.E. 3rd Street, Bend, OR 97702 514 NE 181st Avenue, Portland, OR 97230 1400 West 6th Street, The Dalles, OR 97058 Pennsylvania 304 Market Street, Harrisburg, PA 17101 23 North Elm Street, Kutztown, PA 19530 3773 Peters Mountain Rd., Halifax, PA 17032 843 Rostraver Road, Belle Vernon, PA 15012 400