The company’s opioid-related legal liabilities add to Rite Aid’s long-standing financial pressures. Rite Aid in June reported quarterly revenues of $5.7 billion, down from $6 billion a year ago. Its ...
The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load. In court documents, Stein said “a confluence of operational and financial factors ...
Rite Aid is in negotiations with creditors over a plan to liquidate up to 500 of its approximately 2,200 locations in 17 states as part of a possible Chapter 11 filing, The Wall Street Journal ...
The company’s stock will remain on the NYSE during the remedial period. Rite Aid said its noncompliance with listing standards does not affect ongoing business operations or U.S. Securities and ...
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