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As part of the Chapter 11 bankruptcy process, the company confirmed it would be closing “underperforming” stores, including 31 in California. Rite Aid locations closing in Sacramento .
As Rite Aid restructures its debt in Chapter 11 bankruptcy, it will close 154 locations in 15 states, including 31 in California.
October 19, 2023 at 11:50 AM. Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The ...
As part of the bankruptcy process, Rite Aid confirmed that it would be closing “underperforming” stores. The company expects to close more than 150 stores, including 31 in California ...
After filing for Chapter 11 bankruptcy in October, Rite Aid has listed new store locations set to close. ... Rite Aid announced closing more than 150 stores nationwide, including 31 in California.
Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [ 10] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Updated June 20, 2024 at 8:17 AM. Angus Mordant. Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations ...
NEW YORK (Reuters) -A U.S. bankruptcy judge on Friday approved Rite Aid's restructuring plan, allowing the pharmacy chain to cut its debt by $2 billion and turn over control to a group of lenders.