In its latest move, Rite Aid is set to close an additional 27 stores in Michigan and Ohio as part of its bankruptcy proceedings. This announcement comes after the drugstore chain previously closed several locations across the country while undergoing Chapter 11 bankruptcy. With a total of 1,700 stores nationwide, Rite Aid is focusing on restructuring to reduce debt and increase financial flexibility. CEO Jeffrey Stein emphasized the importance of the court-supervised process in accelerating the optimization of the company's store footprint. This latest round of closures underscores Rite Aid's commitment to streamlining operations and ensuring long-term viability in the face of financial challenges. The closures in Michigan and Ohio are part of the ongoing efforts to reposition the company for success in a competitive market.