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- In an August 5 filing, Rite Aid revealed it would be closing 11 locations. And in an August 9 filing, the company revealed it would be closing an additional 33 stores.
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- Giulia Carbonaro
- 1 min
- Struggling Sales. According to a court filing with the U.S. Bankruptcy Court for the District of New Jersey, Rite Aid was facing $8.6 billion in debt as of June 3, while listing total assets for $7.65 billion.
- Opioid Lawsuits. Rite Aid is one of several pharmacy chains which have been accused of being involved in the U.S. opioid crisis, which has claimed thousands of lives in recent years.
- Rising Crime in Stores. Another factor that is likely to have played a part in Rite Aid's recent move is a rise in crime in its stores, especially in New York City.
Jul 15, 2024 · As many shoppers know, the company, well-known as a one-stop shop for snacks, toiletries and filling prescriptions, announced store closures as part of its filing of voluntary Chapter 11 bankruptcy...
- Cameron Jenkins
- Staff Writer
Aug 12, 2024 · Since filing for bankruptcy in October, Rite Aid, a nationwide drugstore chain, has filed documents announcing the closure of over 800 locations throughout the country. The company initially filed...
Jan 26, 2024 · Rite Aid is planning to close ten additional stores, adding to the number the company has closed since filing for Chapter 11 bankruptcy in October.
Jul 15, 2024 · Rite Aid filed for Chapter 11 protection in October 2023 and said it would initially shutter 154 stores. It has since closed more than 520 locations in bankruptcy, or about a quarter of the...
Aug 10, 2024 · Rite Aid has continued to announce the closing of more of its stores. The company announced 11 more closings in bankruptcy filings on Monday. Ten of the 11 stores are in Ohio and Michigan.
