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In 2021, it announced plans to close 900 stores. And Rite Aid filed for bankruptcy last year and will close up to 500 stores. Shifting trends.
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. While it has secured $3.5 billion in financing and debt ...
According to NBC, more than 500 stores have closed since 2023. “Rite Aid regularly assesses its retail footprint to ensure we are operating efficiently while meeting the needs of our customers ...
Rite Aid, the third largest standalone pharmacy chain, filed for bankruptcy Sunday and will reportedly close roughly 400 to 500 of its approximately 2,200 stores.
On December 21, Rite Aid cancelled an auction for its Elixir division after no other higher bids came in, and would sell the insurance-related company to MedImpact Healthcare Systems for approximately $575 million. [82] In June 2024, the Detroit Free Press reported that Rite Aid was preparing to close all remaining stores in Michigan. [83]
Rite Aid is closing another roughly 30 locations across the US in addition to the 100 the bankrupt chain announced last month as part of its restructuring efforts. ... closed 244 stores between ...
After filing for Chapter 11 bankruptcy protection, Rite Aid said it will receive $3.45 billion in new financing to help the company keep remaining stores open and employees paid while it undergoes ...
The Pennsylvania-based drugstore chain Rite Aid announced on Sunday that it intends to close 154 of its stores as part of its recent bankruptcy filing and will be shuttering more throughout the...