Pharmacy chain Rite Aid has begun Chapter 11 bankruptcy proceedings, the company announced on May 5. Rite Aid CEO Matt Schroeder pointed to financial challenges that "intensified by the rapidly ...

Rite Aid announced on Monday, May 5 that it had begun Chapter 11 bankruptcy proceedings. The company, which currently operates 1,240 stores across 15 states, will begin a process of selling and ...

Rite Aid on Monday announced it is filing for bankruptcy for a second time, barely just seven months after the chain exited Chapter 11 and emerged as a private company. The financially strapped ...

Rite Aid is becoming a ... condition and have already been repurposed by grocers like Aldi and Dollar General (DG). But the question remains, why is Rite Aid struggling so much?

Rite Aid is again seeking bankruptcy protection as the struggling drugstore chain says it will try to sell substantially all of its assets. The company said Monday that its stores will remain open ...

Beleaguered pharmacy chain Rite Aid has officially filed for Chapter 11 bankruptcy protection after weeks of media reports suggesting that it was on the cusp of doing so. The bankruptcy is Rite ...

Less than a year after Rite Aid finally wrapped up its first bankruptcy proceedings, it’s now reportedly planning to file for Chapter 11 protection a second time. Based on a new report from ...

Rite Aid is filing for bankruptcy — again. Just seven months after emerging from Chapter 11, the drugstore chain is running out of money again and seeking a new owner. Filing for bankruptcy ...

Since filing for bankruptcy in late 2023, Rite Aid has closed over 800 stores, over a dozen of which were in New England. Now, the national drugstore chain has shared a press release announcing ...

Rite Aid blamed its failed turnaround and swift return to bankruptcy on its inability to keep store shelves stocked and a shift by its lower-income customers purchasing household goods at cheaper ...