Ahead of its first bankruptcy filing, Rite Aid had been reporting annual losses for several years and faced financial risks from lawsuits over opioid prescriptions. At the time, the company had ...

Bankrupt Rite Aid on Wednesday received court approval to close stores and sell most of its pharmacy assets in separate ...

Bloomberg, citing a letter sent to employees by Rite Aid CEO Matthew Schroeder, reported Monday that Rite Aid intended to ...

Schroeder blamed the job cuts on “the dramatic downturn in the economy,” tariffs and increased costs from suppliers and landlords. Rite Aid lenders would no longer cover payroll or other ...

Rite Aid has filed for bankruptcy, the company announced on Monday, the second time the nationwide pharmacy chain has taken the step since October 2023. “While we have continued to face ...

Rite Aid didn’t immediately return messages seeking comment. A copy of the letter was shared earlier on social media. Schroeder blamed the job cuts on “the dramatic downturn in the economy ...

All Rite Aid distribution centers will be closing over the next several months, Schroeder said in a separate message to employees. Schroeder blamed the job cuts on “the dramatic downturn in the ...

Less than a year after completing a restructuring that was supposed to turn the troubled pharmacy chain around, Rite Aid Corp. has filed for bankruptcy again. The company was unable to secure ...

Rite Aid didn’t immediately return messages seeking comment. A copy of the letter was shared earlier on social media. Schroeder blamed the job cuts on “the dramatic downturn in the economy,” tariffs ...

(WHTM) – Rite Aid, the once-time pharmacy giant previously headquartered in Cumberland County, intends to file for bankruptcy a second time and cut jobs. The news was first reported by Bloomberg.