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The popular drugstore chain Rite Aid has announced plans to close more than 150 locations after the company filed for Chapter 11 bankruptcy protection last week.
Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing.
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.
Rite Aid plans to close more than 150 locations after the company filed for Chapter 11 bankruptcy protection earlier this week.
Two Sacramento County pharmacies are slated to close after Pennsylvania-based chain Rite Aid filed for bankruptcy. As part of the Chapter 11 bankruptcy process, the company confirmed it would be ...
As Rite Aid restructures its debt in Chapter 11 bankruptcy, it will close 154 locations in 15 states, including 31 in California.
Rite Aid filed for bankruptcy in October, and since has announced two rounds of closures totaling around 200 stores nationwide, including at least 31 in California.
Rite Aid filed a petition under Chapter 11 of the U.S. Bankruptcy Code on Oct. 15 amid flagging sales, mounting debt and several opioid-related lawsuits. According to the Wall Street Journal, the ...