Rite Aid Teetering on The Edge of Bankruptcy - Again, More Store Closings Imminent

Rite Aid Teetering on The Edge of Bankruptcy - Again, More Store Closings Imminent

Rite Aid may be heading for a second bankruptcy after its recent restructuring failed to stabilize the business. The company is exploring a possible sale, but more store closures seem likely either way. Key Facts: Rite Aid Bankruptcy Update Rite Aid is considering a second Chapter 11 filing after a failed 2023 restructuring. The company reduced its store count from over 2,000 to about 1,300 locations. Rite Aid settled with the Department of Jus…

Report: Rite Aid Contemplating Another Bankruptcy Filing

The struggling drugstore chain is reportedly in talks to sell some or all of its business

Rite Aid considers second bankruptcy filing

PHILADELPHIA — Rite Aid is exploring a second Chapter 11 bankruptcy filing less than a year after completing a major financial restructuring. The move comes as the drugstore chain struggles to find a sustainable path forward despite efforts to cut costs and streamline operations.According to the Wall Street Journal, sources familiar with the matter say the Philadelphia-based company is evaluating a range of options, including a sale of part or a…

Rite Aid reportedly considering repeat bankruptcy filing

Rite Aid also has been pursuing a sale of some or all of its businesses as a potential alternative to a Chapter 11 filing, per a Wall Street Journal report.