Stay updated with breaking news from Jeff Stein. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Rite Aid To Close These VA Stores After Bankruptcy Filing - Fairfax City, VA - According to court documents for Rite Aid's Chapter 11 bankruptcy filing, two Virginia stores face closure.
Rite Aid To Close This New Hampshire Store After Bankruptcy Filing - Merrimack, NH - A single store in New Hampshire is set to close — but the company did not say when the store would close.
Rite Aid filed for Chapter 11 bankruptcy protection on Sunday amid decreasing sales, billions of dollars in debt and more than a thousand lawsuits claiming the chain filled illegal prescriptions for opioids. In order for the company to get back on its feet, experts say it will have to start acting more like its competitors, such as Walgreens and CVS, by leaning more into care delivery, forging strong payer partnerships, and improving its digital offerings.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Rite Aid, which operates more than 2,200 stores in 17 states, has filed for Chapter 11 bankruptcy protection.