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Less than a year after completing a restructuring that was supposed to turn the troubled pharmacy chain around, Rite Aid Corp. has filed for bankruptcy again.
Pharmacy chain Rite Aid will reportedly seek Chapter 11 bankruptcy protection for a second time, leaving its future uncertain ...
Rite Aid began its first round of layoffs after filing for Chapter 11 bankruptcy protection this week while also putting all ...
“Rite Aid has been actively seeking capital, including negotiating with its lenders for additional capital to continue to run ...
A Rite Aid distribution center in Harford County, Maryland, is expected to lay off more than 300 workers and close its doors ...
Rite Aid also notified New Jersey's labor department that store closures in the state will result in 1,112 layoffs.
A Chapter 11 filing would mark Rite Aid’s second bankruptcy in less than three years. The retailer first filed Chapter 11 in ...
U.S. pharmacy chain Rite Aid intends to file for bankruptcy protection for the second time in two years, and is also planning to cut jobs, Bloomberg News reported on Monday, citing an internal letter ...
Rite Aid Corp. has told its employees it intends to file bankruptcy less than a year after completing an earlier restructuring that failed to turn around the troubled pharmacy chain.
Schroeder blamed the job cuts on “the dramatic downturn in the economy,” tariffs and increased costs from suppliers and landlords. Rite Aid lenders would no longer cover payroll or other ...
Rite Aid didn’t immediately return messages seeking comment. A copy of the letter was shared earlier on social media. Schroeder blamed the job cuts on “the dramatic downturn in the economy ...