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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 ...
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 ...
These Rite Aid locations are expected to close across California. ... 800-290-4726 more ways to reach us. Mail. Sign in. Subscriptions; Animals. Business. Elections. Entertainment. Fitness. Food.
Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [1] 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 nearly 1,400 stores in 16 U.S. states, primarily on the East and West coasts.
On August 23, 2006, The Wall Street Journal announced that Rite Aid would acquire 1,858 Eckerd Pharmacy and Brooks Pharmacy stores from Jean Coutu for US$3.4 billion (~$4.94 billion in 2023). The deal closed on June 4, 2007. Rite Aid announced that the two chains would be converted to the Rite Aid name, retiring the 109-year-old Eckerd banner.
The Wall Street Journal reported in September that Rite Aid was negotiating with its creditors over a plan to close 400 to 500 stores. The states hardest hit by the closures include Pennsylvania ...
The Pennsylvania-based drugstore chain Rite Aid announced on Sunday that it intends to close 154 of its stores as part of its recent bankruptcy filing and will be shuttering more throughout the...