The company was unable to secure additional capital from lenders that was needed to continue operating the business, Bloomberg reported, citing a letter from CEO Matthew Schroeder.

Rite Aid filed for bankruptcy on Monday for the second time in less than two years after a previous restructuring reduced the ...

Ahead of its first bankruptcy filing, Rite Aid had been reporting annual losses for several years and faced financial risks from lawsuits over opioid prescriptions. At the time, the company had ...

It takes Kathy Younkins just a few minutes to walk to her neighborhood Rite Aid. The 67-year-old has picked up her ...

Pharmacy chain Rite Aid announced it began Chapter 11 proceedings Monday. Stores will remain open and the company will ...

Bankrupt U.S. pharmacy chain Rite Aid on Wednesday received court approval to pursue a rapid-fire sale of its pharmacy ...

Rite Aid's bankruptcy plan, if approved, means that in the coming months all distribution centers will close, and all stores ...

CAMBRIA COUNTY, Pa (WJAC) — As we continue to cover the impact of Rite Aid's Chapter 11 bankruptcy ... to help workers experiencing sudden job loss. The meeting will be held virtually on ...

The company received court approval to pursue a rapid-fire sale of its pharmacy assets from more than 1,000 store locations on Thursday.

The pharmacy retailer, one of the largest in the U.S., plans to begin cutting jobs, Bloomberg ... suffered $750 million in losses the previous financial year. Rite Aid used the bankruptcy to ...

Job search tips for college grads ... Philadelphia-based Rite Aid had been closing stores and struggling with losses for years before its first bankruptcy filing in 2023. The company says its ...