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Rite Aid filed for Chapter 11 bankruptcy on Sunday in an effort to write down debt amid shrinking sales and a lawsuit related to the opioid crisis. ... set to close more stores. Josh Schafer.
CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores by 2024. Walgreens said in 2019 it would close 200 stores and in June announced ...
The store locations are in Ohio and Michigan. More than 520 have been closed since Rite Aid filed for reorganization in October — about a quarter of its footprint. The majority of closures have ...
And Rite Aid filed for bankruptcy last year and will close up to 500 stores. Shifting trends Drug store chains are struggling because of falling reimbursement rates for prescription drugs ...
Rite Aid is closing 15 more stores in Ohio, including stores in Massillon and Alliance. The stores at 242 Lincoln Way W in Massillon and 1895 W. State Street in Alliance are among the 27 closures ...
Rite Aid plans to plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process. The company submitted a list of 154 stores in a ...
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The pharmacy chain Rite Aid filed for bankruptcy in October.Since then, the chain closed hundreds of stores, including 16 more locations in Ohio during additional recent downsizing.. Rite Aid ...