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While it has secured $3.5 billion in financing and debt reduction agreements from lenders to keep the company afloat through its bankruptcy, Rite Aid said it would accelerate store closures and ...
Rite Aid is closing multiple locations after filing for bankruptcy last year. See the full list of Rite Aid store closures for 2024. ... and the addition of June's list brings the total number of ...
In 2023, Rite Aid filed for Chapter 11 bankruptcy amid several opioid lawsuits and declining sales. [4] Despite Read's shutting down 40 years prior to the filing, Read's was still listed in the bankruptcy filing. [5] The downtown store was the site of an early sit-in during the Civil Rights Movement. Read's downtown Baltimore location has since ...
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. ... Maryland (4), Michigan (16), New ...
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.
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 ...
Pharmacy chain Rite Aid announced it has filed for Chapter 11 bankruptcy, which will likely result in the closure of a number of locations. In a statement released by the chain on Sunday, Rite Aid ...
Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, revenue declines, increased competition, and opioid litigation, according to its court filings.