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Updated June 20, 2024 at 8:17 AM. Angus Mordant. Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations ...
The pharmacy chain Rite Aid filed for bankruptcy in October. Since then, the chain closed hundreds of stores, including 16 more locations in Ohio during additional recent downsizing.
October 19, 2023 at 11:50 AM. Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The ...
Rite Aid filed for Chapter 11 bankruptcy last October amid financial losses from opioid lawsuits, poor sales and low reimbursement rates for prescription medications.
NEW YORK (Reuters) -A U.S. bankruptcy judge on Friday approved Rite Aid's restructuring plan, allowing the pharmacy chain to cut its debt by $2 billion and turn over control to a group of lenders.
Stark County and Cuyahoga County, which also will lose a total of 11 stores, have had the most closures per county in Ohio, according to Fox 8. Read more: More Rite Aid store closings in Stark County.
The drug store chain filed Chapter 11 bankruptcy in October, citing slumping sales and opioid lawsuits, USA TODAY reported. Rite Aid once had some 2,200 locations in 17 states.
Rite Aid plans to plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process. The company submitted a list of 154 stores in a ...