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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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Rite Aid filing second bankruptcy as it seeks job cuts
The pharmacy retailer, one of the largest in the U.S., plans to begin cutting jobs, Bloomberg reports. Reports that Rite Aid was low on cash and preparing a sale emerged in April, a month after ...
Layoffs at all Rite Aid stores across New York state will begin June 4, according to a Worker Adjustment and Retraining ...
The drug store chain is also planning to cut jobs at its corporate offices in Pennsylvania, according to the letter. On Monday, a Rite Aid affiliate sought court protection in New Jersey ...
Rite Aid has filed for bankruptcy, the company announced on Monday, the second time the nationwide pharmacy chain has taken ...
The embattled drug store chain will also cut an unspecified number of jobs, Schroeder said, citing tariffs and "the dramatic downturn in the economy." Rite Aid only emerged from its first Chapter ...
The WARN notices also confirmed about 170 store employees in Central New York will be laid off starting on June 4. Statewide, ...
CVS has agreed to buy the bulk of Rite Aid's pharmacy assets. If approved, CVS would acquire the prescription files for 625 ...
The company received court approval to pursue a rapid-fire sale of its pharmacy assets from more than 1,000 store locations ...
As Rite Aid locations shut down across Southwestern Pennsylvania, many customers are trying to figure out their next steps to ...