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- Rite Aid continues to shutter stores as it struggles with the effects of filing for bankruptcy. The pharmacy chain filed for Chapter 11 bankruptcy in October 2023 and has been shutting down underperforming locations since then to help it through the process.
financebuzz.com/rite-aid-stores-closing
Oct 16, 2024 · Rite-Aid is closing 500. Walgreens announced Tuesday it plans to close 1,200 stores, meaning 1 in 7 will disappear. What is going on with America’s drug stores?
Oct 11, 2024 · Under Chapter 11 bankruptcy, Rite Aid closed over 600 stores and sold off assets like Elixir Solutions to mitigate financial pressures. This restructuring process, overseen by new leadership under CEO Jeffrey Stein, aims to stabilize the company’s finances and restore investor confidence.
Oct 21, 2024 · Walgreens, like other drugstores, are struggling due to competition from Amazon and declining drug reimbursement rates. CVS laid off thousands of employees in 2023, while RiteAid declared ...
Oct 15, 2024 · Walgreens will close 1,200 stores over the next three years. Rite Aid filed for bankruptcy last year, and CVS is closing hundreds of stores.
Oct 24, 2024 · Rite Aid said in its Tuesday bankruptcy court filing that it also may close additional stores. The company said earlier this week that going through its voluntary Chapter 11 process will help significantly cut the company’s debt and resolve litigation “in an equitable manner.”
Oct 17, 2024 · Rite-Aid has shut down hundreds of locations since filing for bankruptcy in 2023. Independent pharmacists face an existential crisis, with many saying they are struggling to keep their doors...
