On Monday, Rite Aid said it secured nearly $2 billion in new financing to keep it operational during its bankruptcy. Rite Aid is a distant third-largest nationwide standalone pharmacy chain in the ...

Chief Executive Officer of Rite Aid, said in a statement. Rite Aid's previous restructuring reduced the U.S. pharmacy chain's debt but failed to address its long-term business challenges of ...

"As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible," Rite Aid CEO Matt Schroeder said.

In September 2024, pharmacy chain Rite Aid said it was preparing for its "comeback story" after emerging from a bankruptcy that forced it to close hundreds of stores. Just eight months later ...

Rite Aid said in a letter to customers that it is working to facilitate a smooth transfer of customer prescriptions to other pharmacies. The drugstore chain filed for Chapter 11 bankruptcy on ...

"As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible," Rite Aid CEO Matt Schroeder said.

The group has begun proceedings for a Chapter 11 bankruptcy protection and will sell off its assets, including all its stores, the company said in a Monday afternoon announcement. Rite Aid Corp ...

“The lack of such inventory,” Rite Aid said, “gave rise to a vicious cycle: high-margin front-end sales declined due to insufficient inventory, and lagging sales depleted liquidity and ...

"As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible," Rite Aid CEO Matt Schroeder said.

Rite Aid has said that it will stop issuing customer rewards points for purchases. It also will no longer honor gift cards or accept returns or exchanges starting next month. Rite Aid will try to ...

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 ...