After more than six decades in operation, Rite Aid, once one of America’s largest pharmacy chains, has closed its final 89 stores, officially bringing an end to its 63-year history. “All Rite Aid stores have now closed. We thank our loyal customers for their many years of support,” the company said in a statement on…
Rite Aid has announced the sale of pharmacy assets from more than 1,000 of its stores to major rivals, including CVS Pharmacy, Walgreens, Kroger, and Albertsons, as part of its ongoing efforts to restructure under Chapter 11 bankruptcy. The company revealed the deals on Thursday, describing the divestment as a critical step in ensuring uninterrupted…
Rite Aid has filed for bankruptcy for the second time, just seven months after emerging from its previous Chapter 11 proceedings. The struggling pharmacy chain made the announcement on Monday, stating that the new filing is part of an ongoing effort to attract a buyer and restructure its operations. Despite the bankruptcy, Rite Aid confirmed…
Rite Aid, grappling with financial challenges and intensified competition in the pharmaceutical retail sector, is set to shutter approximately 30 more locations across the United States. This move comes in addition to the 100 stores that the pharmacy chain declared last month as part of its broader restructuring efforts. The recent disclosure of closures was…
