On Sunday, October 15th, 2023, Rite Aid filed for Chapter 11 bankruptcy protection and is expected to close 400 to 500 of its stores. What does this mean for you and for neighborhood pharmacies around the country?
Slowing Sales and Lawsuits
The 60-year old drugstore chain has been dealing with financial issues for quite some time, so the bankruptcy comes as no surprise. Rite Aid has been losing money through the last six years and has already closed a number of their stores.Read More »