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As Rite Aid collapses, customers and other pharmacies bear the impact
It takes Kathy Younkins just a few minutes to walk to her neighborhood Rite Aid. The 67-year-old has picked up her prescriptions at the company’s Harrison location since the 2000s. But now the Philadelphia-based pharmacy empire is crumbling.
Pharmacy chain Rite Aid intends to file for bankruptcy protection for the second time in two years, and is also planning to cut jobs, Bloomberg News reported Monday. The company was unable to secure ...
Rite Aid filed for bankruptcy on Monday for the second time in less than two years after a previous restructuring reduced the ...
Pharmacy chain Rite Aid announced it began Chapter 11 proceedings Monday. Stores will remain open and the company will "facilitate a smooth transfer of customer prescriptions." ...
The Rite Aid company has secured additional financing, but reportedly will cut jobs as part of the bankruptcy ... after it suffered $750 million in losses the previous financial year.
Job search tips for college grads ... Philadelphia-based Rite Aid had been closing stores and struggling with losses for years before its first bankruptcy filing in 2023. The company says its ...
The Pennsylvania-based company entered bankruptcy with over $2 billion in debt and has warned employees about likely job cuts. Rite Aid Chief Executive Matt Schroeder said on Thursday the ...
Rite Aid will no longer honor gift cards or accept any returns or exchanges beginning June 5. Jobs to be cut as stores ... after reporting $750 million in losses for the previous fiscal year.
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