Marley Jay is a business news reporter for NBC News Digital.
Rite Aid says it will close at least 154 stores as it goes through bankruptcy. The chain had 2,253 stores as of September 3, and the U.S. Bankruptcy Court in New Jersey also approved additional closings at a later date. The company has not disclosed how many more stores it may shut down. Rite Aid filed for Chapter 11 bankruptcy protection on Sunday after struggling for years with debt and sluggish sales.
The loss of pharmacies is a serious problem, especially for people in poorer urban and rural areas, according to Nick Fabrizio, senior lecturer in health policy at Cornell University and also a consultant for hospitals and medical groups. 'If that's your one Rite Aid that's closing, the thought of having to go 20 minutes to find another Walmart or another pharmacy is daunting,' he said, referring to people in smaller towns.
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Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits and lossesRite Aid said it would also close “underperforming” stores.
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Rite Aid, which operates more than 2,200 stores nationwide, files for bankruptcyFaced with mounting debt and a miserable environment for drug stores, Rite Aid filed for Chapter 11 bankruptcy protection Sunday.
Weiterlesen »
Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits and lossesRite Aid said it would also close “underperforming” stores.
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La cadena de farmacias estadounidense Rite Aid se declara en bancarrotaLa cadena de farmacias estadounidense Rite Aid se declaró en bancarrota este domingo en un tribunal de Nueva Jersey, lastrada por una deuda multimillonaria y cientos de demandas por su papel en la crisis de los opioides que asola Estados Unidos.
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Rite Aid, which operates more than 2,200 stores nationwide, files for bankruptcyFaced with mounting debt and a miserable environment for drug stores, Rite Aid filed for Chapter 11 bankruptcy protection Sunday.
Weiterlesen »
Rite Aid seeks bankruptcy protection as it deals with losses and opioid-related lawsuitsThe drugstore chain said late Sunday it has obtained $3.45 billion in fresh financing from some of its lenders.
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