Retail expert Neil Saunders, of GlobalData, said: “The second bankruptcy of Rite Aid comes as no real surprise. The first ...

As Rite Aid locations shut down across Southwestern Pennsylvania, many customers are trying to figure out their next steps to ...

By Sabrina Valle and Dietrich Knauth (Reuters) -Bankrupt Rite Aid on Wednesday received court approval to close stores and sell most of its pharmacy assets in separate transactions to CVS, Walgreens, ...

In October 2023, Rite Aid, a Philadelphia-based ... by the opioid crisis and the legal battles it faced as a result, pushing debt to almost $4 billion. “The first bankruptcy did little to resolve the ...

Rite Aid's financial struggles have been driven by a combination of tighter profit margins on prescriptions, the rise of online pharmacies and costly legal settlements related to the sale of ...

Since then, the company has closed more than 800 stores and faced growing legal pressure from lawsuits related to the opioid epidemic. Despite leaving bankruptcy in September 2024, Rite Aid said it ...

Since then, the company has closed more than 800 stores and faced growing legal pressure from lawsuits related to the opioid epidemic. Despite leaving bankruptcy in September 2024, Rite Aid said it ...

However, they’ve struggled to keep up with Amazon, Target and other retailers and have also had issues with theft, which has chipped away their profitability. Rite Aid on Monday announced it is ...