Rite Aid, once a cornerstone of American pharmacy retail, is now accelerating its retreat from the marketplace. The company ...

The drug store announced it had filed for Chapter 11 bankruptcy again on May 5, the second time since October 2023, and said it would close over 100 stores. Now, bankruptcy filings have shown that the ...

Rite Aid says a few months for most of its stores. All locations will eventually close or be sold to a new owner. Until then, customers will still be able to fill prescriptions, get immunizations and ...

The number of pharmacies Rite Aid intends to shutter continues to grow. Since filing for Chapter 11 bankruptcy this month for a second time, the Philadelphia-based pharmacy and retail chain has ...

Rite Aid filed for Chapter 11 bankruptcy for the second time in less than two years, announcing plans to sell “substantially all” of its assets.CEO Matt Schroeder attributed the move to mounting ...

On May 21, a federal judge approved Rite Aid’s bankruptcy plan to close stores and sell most of its pharmacy assets to other national chains, according to court documents reviewed by Becker’s. CVS, ...