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Rite Aid stores and pharmacies will be closed on December 25, 2023. A representative from Rite Aid told Country Living, "This is the first year our stores will be closed on Christmas Day.
Rite Aid said in the bankruptcy filing that it suffered roughly $2.9 billion in losses over the past six years. As part of a financial restructuring, the company said it is terminating leases for ...
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Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses and its stock is down more than 90% for the year.
Rite Aid has obtained more than $100 million in financing to exit the bankruptcy proceedings, but the latest closure announcements suggest it still faces hurdles in getting official approval to do so.
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 first tranche of stores to be ...