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 ...

As we continue to cover the impact of Rite Aid's Chapter 11 bankruptcy filing on our local area, we have learned that several ...

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 ...

As of May 16, Rite Aid will be closing more than 10% of its 1,240 stores. The news comes just a few days after Rite Aid agreed to sell off assets of more than 1,000 stores to rivals like CVS ...

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

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 ...

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 “only viable path forward” is a return ...