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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.
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Pharmacy chain Rite Aid will reportedly seek Chapter 11 bankruptcy protection for a second time, leaving its future uncertain.
U.S. 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 on Monday, citing an internal letter ...
Rite Aid filed for bankruptcy on Monday for the second time in less than two years after a previous restructuring reduced the ...
Rite Aid began its first round of layoffs after filing for Chapter 11 bankruptcy protection this week while also putting all its brick-and-mortar operations up for sale. Hundreds of workers lost their ...
Bankrupt Rite Aid on Wednesday received court approval to close stores and sell most of its pharmacy assets in separate ...
A Rite Aid distribution center in Harford County, Maryland, is expected to lay off more than 300 workers and close its doors ...
Rite Aid also notified New Jersey's labor department that store closures in the state will result in 1,112 layoffs.
Rite Aid workers who were laid off said in a new putative class action that the company violated federal law by failing to ...
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 ...
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 ...
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