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On December 5, Rite Aid announced that 79 stores would be put up for sale. [78] On December 19, Rite Aid agreed to a bankruptcy mediation with its opioid victims and creditors that would be supervised by the court. Rite Aid also received a loan approval that would allow for the company to receive approximately $200 million. [79]
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In late 2010, Rite Aid became a licensed Save A Lot operator when it converted 10 of its existing pharmacies in the Greenville, South Carolina, area to co-branded "Save A Lot/Rite Aid" units. [5] In September 2012, Supervalu announced it would close 22 Save A Lot stores in seven states.
Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles–based TCH Corporation, the parent company of Thrifty Corporation and Thrifty Drug Stores, Inc., acquired the Kmart subsidiary PayLess Drug Stores Northwest, Inc. [1] At the time ...
Rite Aid Reports Same Store Sales for April CAMP HILL, Pa.--(BUSINESS WIRE)-- Rite Aid Corporation (NYS: RAD) today announced sales results for April. Monthly Sales For the four weeks ended April ...
In April 2008, Spartan announced that the store and customer lists of 12 of the 14 remaining Pharm stores would be sold to Rite Aid. The remaining two Michigan stores were sold in separate transactions. Industry experts said Rite Aid would likely keep the stores open and convert them to its own format and brand. [6]
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 ...