Thread regarding Rite Aid Corp. layoffs

Rite Aid just filed for bankruptcy and could be closing more of its 2,100 stores

  • Rite Aid filed for bankruptcy in New Jersey on Sunday.
  • The pharmacy chain could close more of its 2,100 stores and has named a new CEO.
  • The company listed estimated assets and liabilities in the range of $1 billion to $10 billion, per a court filing.

https://www.businessinsider.com/rite-aid-bankruptcy-new-jersey-store-closures-2023-10

by Anonymous
| 691 views | | 2 replies (last October 17, 2023) | Reply
Post ID: @OP+1p7f3sqh
Comment! It's anonymous!

2 replies (most recent on top)

This will be the last Christmas season. Store closings will probably accelerate beginning in January. Walgreens and CVS have their own issues so it's unlikely they'll pick up any locations in significant quantity.

by Anonymous
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Post ID: @1jse+1p7f3sqh

Rite aid is taking out loans just to stay open. They have zero chance of turning things around. They were in debt for almost 20 years. They didn't turn it around then. Time to shut it down. Cvs should buy its rx software and that's it.

by Anonymous
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Post ID: @zvs+1p7f3sqh

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