Experts told BI Rite Aid's financial problems were worsened by the larger industry shifts facing drugstore chains.

Rite Aid has declared bankruptcy for the second time in less than two years, as part of a plan to sell off its pharmacies, inventory, and other assets. The Philadelphia-based pharmacy chain officially ...

Rite Aid’s return to bankruptcy within a year after completing its prior Chapter 11 shows that when critical vendors aren’t ...

It takes Kathy Younkins just a few minutes to walk to her neighborhood Rite Aid. The 67-year-old has picked up her ...

On May 21, a federal judge approved Rite Aid’s bankruptcy plan to close stores and sell most of its pharmacy assets to other national chains, according to court documents reviewed by Becker’s. CVS, ...

Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, ...

Rite Aid on Monday announced it is filing for bankruptcy for a second time, barely just seven months after the chain exited Chapter 11 and emerged as a private company.

Rite Aid revealed that it has secured nearly $2 billion in financing to maintain operations during the bankruptcy process.

Rite Aid first filed for bankruptcy in October 2023, becoming a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal ...

However, they’ve struggled to keep up with Amazon, Target and other retailers and have also had issues with theft, which has chipped away their profitability. Rite Aid on Monday announced it is ...