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Online mystery-ak

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Rite Aid to close hundreds of stores in bankruptcy: report
« on: September 23, 2023, 10:48:23 pm »
September 23, 2023 2:55pm EDT
Rite Aid to close hundreds of stores in bankruptcy: report
Rite AId will reportedly close 400 to 500 stores as it plans to file for bankruptcy, the Wall Street Journal reported
By Chris Pandolfo FOXBusiness

Pharmacy giant Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close, according to a report.

People familiar with the company's talks with creditors told the Wall Street Journal that Rite Aid has proposed to close as many as 500 stores in bankruptcy, and either sell or let creditors take over its remaining operations.

One group of bondholders wants to liquidate a larger number of stores, and there is an ongoing discussion on the number of stores to be closed, the Journal reported.

Given the conversations remain ongoing, no decisions have been made at this time, Rite Aid said in a statement to Reuters.

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https://www.foxbusiness.com/retail/rite-aid-close-hundreds-stores-bankruptcy-report
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Offline Hoodat

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Re: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #1 on: September 24, 2023, 12:55:14 am »
Bidenomics
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Re: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #2 on: September 24, 2023, 01:09:11 am »
Rite Aid was doomed from the start.  They bought up all the regional drug company's in the 80's and 90's.  Piss on them. 
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Re: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #3 on: September 24, 2023, 01:18:24 am »
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Re: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #4 on: September 24, 2023, 01:29:29 am »
Rite Aid built a pharmacy just down the road from us...across the street from Walgreens, Walmart and Krogers...all having pharmacies.....they folded in about 18mos....very bad planning on their part..
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Re: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #5 on: September 24, 2023, 03:29:56 am »
Quote from: mystery-ak on September 24, 2023, 01:29:29 am
Rite Aid built a pharmacy just down the road from us...across the street from Walgreens, Walmart and Krogers...all having pharmacies.....they folded in about 18mos....very bad planning on their part..
Hitting an already saturated market, you'd best better have some overwhelming 'thing' to get customers in the door and keep them coming back. Apparently, whatever they thought they had, was insufficient.
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