Rite Aid filed for Chapter 11 bankruptcy due to a large debt load and thousands of lawsuits alleging involvement in the opioid crisis
I wonder if they are the only ones, and if a large number of the stores are in low income neighborhoods, like the one I had my last COVID booster vaccine?
Rite Aid is closing nearly 100 stores, with more to follow, as part of its bankruptcy. See the list https://www.cnn.com/2023/10/18/business/rite-aid-store-closings/index.h…
Rite Aid, Facing Slumping Sales and Opioid Suits, Files for Bankruptcy The pharmacy chain, one of the country’s largest, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers. https://www.nytimes.com/2023/10/15/business/rite-aid-bankruptcy.html
However, it is not alone CVS, Walgreens, and Rite Aid are closing thousands of stores. Here’s why https://www.cnn.com/2023/10/16/business/drug-stores-closing-rite-aid-cv…
Rite Aid will close 154 stores, 20 of them in New York State, as the chain reorganizes
https://www.nydailynews.com/2023/10/19/rite-aid-lists-stores-closing-ba…
Key Walmart and Kroger supplier files Chapter 11 bankruptcy. You may not know the brand's name but its products are sold by most key grocery chains including Whole Foods, Walmart, Kroger, and Wegmans.
https://www.thestreet.com/retailers/key-walmart-and-kroger-supplier-fil…