By Jake Abbott Source: Sacramento Business Journal Rite Aid has put its Sacramento-area store leases on the market as the bankrupt pharmacy chain looks to offload its assets. Read the full article
Source: Reuters Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday. The pharmacy has used its bankruptcy to close hundreds of stores, sell its pharmacy benefit company Elixir, and negotiate settlements [...]
By Robin Erb Source: Bridge Michigan The final Rite Aid locations are officially slated for closing in a new set of bankruptcy documents. Notices of intent to close 38 Michigan stores were filed Aug. 2, 5 and 9, wrapping up the final list of Rite Aids locations in Michigan. “All [...]
By Michael Grothaus Source: Fast Company Back in October, Rite Aid announced that it was filing for bankruptcy to help it get on firmer financial footing. As part of this endeavor, the pharmacy chain also announced that it would be closing stores across the country, which it did throughout the [...]
By Bill Wilson Source: Supermarket News Rite Aid has added more store closings as part of its Chapter 11 bankruptcy filing, reports Georgia’s Jackson Progress-Argus. Originally, the Philadelphia-based retailer announced it would shut down 154 stores. However, on Nov. 2 Rite Aid filed a notice in the U.S. Bankruptcy Court [...]
Source: The New York Times On Sunday, Rite Aid, once the largest U.S. pharmacy chain, filed for bankruptcy court protection from its creditors and vowed to remake the company as a “modern neighborhood pharmacy.” Now, in one of its first steps, it says it is closing 154 stores in more [...]
By Sarah Nassauer and Alexander Gladstone Source: The Wall Street Journal Your local Rite Aid drugstore could soon disappear, a casualty of years of losses and failed mergers. In the end, Rite Aid was too small and too poor to pay the costs of lawsuits related to the opioid epidemic. [...]
By Nate Delesline III Source: Grocery Dive Rite Aid is in negotiations with creditors over a plan to liquidate up to 500 of its approximately 2,200 locations in 17 states as part of a possible Chapter 11 filing, The Wall Street Journal reported Friday. The move would shrink the company’s [...]
By Nate Delesline III Source: Retail Dive Rite Aid is in negotiations with creditors over a plan to liquidate up to 500 of its approximately 2,200 locations in 17 states as part of a possible Chapter 11 filing, The Wall Street Journal reported Friday. The move would shrink the company’s [...]
By Josh Schafer and Anjalee Khemlani Source: Yahoo! Finance Rite Aid stock fell more than 50% Friday after The Wall Street Journal reported the retail pharmacy is preparing to file for Chapter 11 bankruptcy as it faces mounting costs related to opioid lawsuits. A source familiar with the matter confirmed [...]