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   • News about Rite Aid, advisers, bankruptcy restructuring
     • 
       

       Bloomberg via Yahoo Finance

       Rite Aid Advisers Asked to Cut Their Bills as Cash Squeezed

       (Bloomberg) -- Some Rite Aid Corp. creditors have asked advisers representing the bankrupt pharmacy chain to cut their professional fees amid mounting liquidity concerns, according to people ...

       2 hours ago

     • CBS 6 Richmond

       Rite Aid closing location on Hull Street as the company navigates bankruptcy

       2 days ago

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       Richmond Times-Dispatch

       South Richmond Rite Aid to close June 16

       2 days ago

   • News about Red Lobster, Best Buy, Chapter 11
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       NJ.com

       Red Lobster files for Chapter 11 bankruptcy after suddenly closing 88 locations

       2 days ago

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       Staten Island Advance

       From Best Buy to Party City, these are the top brands that have announced closures across U.S.

       5 days ago

   • Also in the news
     • 

       

       The Wall Street Journal

       Real-Estate Downsizing Finally Comes for Your Pharmacy

       1 day ago

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       Los Angeles Times

       Jeffrey A. Krieger

       7 days ago

     • 

       TheStreet.com

       Popular retailer gets crucial warning as bankruptcy rumors swirl

       6 days ago

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       Bloomberg

       Walgreens and CVS Are Trying to Fix America’s Flailing Pharmacies

       5 days ago

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       WWD via Yahoo Finance

       New Report Suggests a Normalization of Store Openings and Closings

       5 days ago

2. People also ask

   Why did Rite Aid go bankrupt?

   • A November bankruptcy court filing revealed the company was planning to close an additional 31 stores in a dozen states. Rite Aid filed for bankruptcy as it faced slumping sales and more than a thousand federal, state and local lawsuits accusing it of fueling the opioid epidemic by illegally filling painkiller prescriptions.

   Rite Aid stores closing: Full list of locations shutting down - USA TODAY

   www.usatoday.com/story/money/2024/01/26/rite-aid-stores-closing/72367069007/

   See all results for this question

   Is Rite Aid liable for opioid lawsuits?

   • The national pharmacy chain faces more than a thousand lawsuits linked to the sale of Oxycontin and other opioid pain pills. AILSA CHANG, HOST: Rite Aid, one of the country's largest pharmacy chains, has filed for bankruptcy. The company is billions of dollars in debt and faces an avalanche of lawsuits linked to prescription opioids.

   Rite-Aid files for bankruptcy amid deluge of opioid lawsuits

   www.npr.org/2023/10/16/1206256476/rite-aid-files-for-bankruptcy-amid-deluge-of-opioid-lawsuits

   See all results for this question

   Could closing Rite Aid stores help cut costs?

   • Closing stores could help Rite Aid cut costs and boost some of its remaining shops by transferring impacted customers to a single pharmacy within a city or town, said David Silverman, a senior director at Fitch Ratings. A representative for Rite Aid declined to comment on the store closings.

   Rite Aid Closes a Quarter of Stores as It Navigates Bankruptcy

   www.bloomberg.com/news/articles/2024-05-03/rite-aid-closes-a-quarter-of-stores-as-it-navigates-bankruptcy

   See all results for this question

   Will Justice Department hold Rite Aid accountable for opioid epidemic?

   • In suing Rite Aid earlier this year, Attorney General Merrick Garland issued a statement saying the Justice Department plans to hold companies accountable for the opioid epidemic that's killing Americans. CHANG: Well, with respect to Rite Aid, what happens next for the company?

   Rite-Aid files for bankruptcy amid deluge of opioid lawsuits

   www.npr.org/2023/10/16/1206256476/rite-aid-files-for-bankruptcy-amid-deluge-of-opioid-lawsuits

   See all results for this question

3. finance.yahoo.com › news › rite-aid-advisers-askedRite Aid Advisers Asked to Cut Their Bills as Cash Squeezed

   finance.yahoo.com › news › rite-aid-advisers-asked

   • Cached

   16 hours ago · Rite Aid filed for Chapter 11 protection in October in the US Bankruptcy Court for the District of New Jersey. Read more: Rite Aid Creditors Blast Bankruptcy Plan’s $20 Million for CEO

4. Videos

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     10:46

     youtube.com

     Abandoned Rite Aid - Rochester, PA

     May 19, 2024

     2.8K Views

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     1:32

     youtube.com

     Rite Aid files for bankruptcy l GMA

     Oct 16, 2023

     9.5K Views

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     1:30

     msn.com

     Rite Aid Facing Bankruptcy Amid Opioid Lawsuits and Annual Losses

     Oct 16, 2023

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5. www.msn.com › en-us › moneyRite Aid’s bankruptcy explained: Causes & timeline - MSN

   www.msn.com › en-us › money

   Rite Aid — a large drugstore chain and longtime household name in the U.S. — filed for Chapter 11 bankruptcy protection on Sunday, October 15, 2023, after announcing its intent to do so a few ...

6. www.usatoday.com › story › moneyRite Aid stores closing: Full list of locations shutting down

   www.usatoday.com › story › money

   • Cached

   Jan 26, 2024 · Rite Aid filed for bankruptcy as it faced slumping sales and more than a thousand federal, state and local lawsuits accusing it of fueling the opioid epidemic by illegally filling painkiller...

7. www.bloomberg.com › news › articlesRite Aid Closes a Quarter of Stores as It Navigates Bankruptcy

   www.bloomberg.com › news › articles

   • Cached

   May 3, 2024 · Rite Aid Corp. is working to complete a deal with lenders to exit bankruptcy. But even with a rescue deal in hand, the ailing pharmacy chain is poised to to be significantly smaller.

8. www.nytimes.com › rite-aid-bankruptcyRite Aid Files for Bankruptcy, Facing Slumping Sales and ...

   www.nytimes.com › rite-aid-bankruptcy

   Oct 15, 2023 · Rite Aid, one of the largest pharmacy chains in the United States, filed for bankruptcy on Sunday, weighed down by billions of dollars in debt, declining sales and more than a thousand federal,...

9. www.cnbc.com › 2024/03/26 › rite-aid-reachesRite Aid reaches bankruptcy settlement with lenders, DOJ ...

   www.cnbc.com › 2024/03/26 › rite-aid-reaches

   • Cached

   Mar 26, 2024 · Rite Aid filed for bankruptcy in October, seeking to address its high debt, shut down underperforming retail locations, and sell off non-core business units. Rite Aid received bankruptcy court...

10. www.npr.org › 2023/10/16 › 1206256476Rite-Aid files for bankruptcy amid deluge of opioid lawsuits

    www.npr.org › 2023/10/16 › 1206256476

    Oct 16, 2023 · Rite Aid, one of the country's largest pharmacy chains, has filed for bankruptcy. The company is billions of dollars in debt and faces an avalanche of lawsuits linked to prescription opioids.