« previous next »
Pages: [1]   Go Down

Author Topic: This critical retailer could be on its way to bankruptcy  (Read 1037 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,780
This critical retailer could be on its way to bankruptcy
« on: August 26, 2023, 07:36:10 am »
This critical retailer could be on its way to bankruptcy
Story by Todd Campbell •
12h
 
It’s disappointing when beloved retail chains shut their doors forever. Shoppers enjoy visiting the same stores weekly, and it’s saddening when beloved retail chains like Bed Bath & Beyond or Christmas Tree Shops are forced to close their doors forever.

Fortunately, while these store closures are disruptive, consumers can quickly shift their spending to other retailers. But that’s not always true.
 
Sometimes, a retailer that serves an essential purpose is forced to declare bankruptcy protection. When that happens, shoppers can be left in the lurch, uncertain where to turn to get the needed items.

A dire situation is unfolding for this key retailer
Rite Aid  (RAD) - Get Free Report is a retail store on the front lines of providing critical healthcare services to millions of Americans. Its 2,300 retail stores sell essential daily healthcare necessities from toothpaste to aspirin, and its pharmacies provide necessary medicines to many people who live within the 17 states in which its stores operate.

https://www.msn.com/en-us/money/companies/this-critical-retailer-could-be-on-its-way-to-bankruptcy/ar-AA1fN6jO?ocid=msedgdhp&pc=U531&cvid=5bc086afb0c042419e103db49275d26b&ei=26
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline Gefn

  • "And though she be but little she is fierce"-Shakespeare
  • Cat Mod
  • *****
  • Posts: 15,966
  • Gender: Female
  • Quos Deus Vult Perdere Prius Dementat
Re: This critical retailer could be on its way to bankruptcy
« Reply #1 on: August 26, 2023, 08:49:11 am »
there were two Rite Aids in a 10 mile radius from me.


Both are now Walgreens, but this happened during the pandemic/
Logged
G-d bless America. G-d bless us all                                 

Adopt a puppy or kitty from your local shelter
Or an older dog or cat. They're true love❤️

Offline GtHawk

  • Hero Member
  • *****
  • Posts: 14,531
  • Gender: Male
  • Well EXCUSE me!
Re: This critical retailer could be on its way to bankruptcy
« Reply #2 on: August 26, 2023, 12:27:35 pm »
What's a Rite Aid? I stopped going to them the day after they stopped being Thrifty's (which I had a good opinion of), the products they carried, quality and increased prices made them a no go. With Walgreens and CVS's every two or three miles, seemingly, I could get the same experience elsewhere. And if there was a Walmart nearby...cheaper. If people are dependent on a Rite Aid for their medications, cheap goods and alcohol :shrug: sorry, but that's the nature of business and apparently there aren't a lot of people that still shop at the place.
Logged

Offline catfish1957

  • The Conservative Carp Rapscallion of Brieferville
  • Moderator
  • *****
  • Posts: 25,276
  • Gender: Male
Re: This critical retailer could be on its way to bankruptcy
« Reply #3 on: August 26, 2023, 12:39:02 pm »
I visited one out west a few months ago, and had heck self checking out, and no clerk was available for questions.

Left the stuff on the counter, and went and found a Walgreens.
Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 11,224
  • Gender: Male
Re: This critical retailer could be on its way to bankruptcy
« Reply #4 on: August 26, 2023, 12:50:16 pm »
Rite-Aid has been careening towards bankruptcy for over 20 years.
Logged
"Political correctness is a doctrine fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it’s entirely possible to pick up a turd by the clean end." - Alan Simpson, Frontline Video Interview

Online Wingnut

  • The problem with everything is they try and make it better without realizing the old way is fine.
  • Hero Member
  • *****
  • Posts: 21,261
  • Gender: Male
Re: This critical retailer could be on its way to bankruptcy
« Reply #5 on: August 26, 2023, 01:24:08 pm »
Back in the 80's there were about ten regional dug chains that were very successful and community based with loyal followings.  Names I remeber were; Jack Eckerd (Tampa'St. Pete HQ)  Big B. Drugs (birmingham HQ) Revco BFE Ohio HQ) Gray Drug (also Ohio HQ) K7B Drug in (NOLA) and a few more up north I never called on.  But then came the mergers and buy-outs and we are left with the shit show caused by among others CVS and Rite-aid.
Logged
You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.

Online Cyber Liberty

  • Coffee! Donuts! Kittens!
  • Administrator
  • ******
  • Posts: 62,024
  • Gender: Male
  • 🌵🌵🌵
Re: This critical retailer could be on its way to bankruptcy
« Reply #6 on: August 26, 2023, 01:26:39 pm »
Quote from: catfish1957 on August 26, 2023, 12:39:02 pm
I visited one out west a few months ago, and had heck self checking out, and no clerk was available for questions.

Left the stuff on the counter, and went and found a Walgreens.

CVS doesn't have clerks, either.
Logged
For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
I will NOT comply.
 
Castillo del Cyber Autonomous Zone ~~~~~>                          :dontfeed:

Online Polly Ticks

  • Hero Member
  • *****
  • Posts: 7,687
  • Gender: Female
Re: This critical retailer could be on its way to bankruptcy
« Reply #7 on: August 26, 2023, 01:39:12 pm »
Quote from: Wingnut on August 26, 2023, 01:24:08 pm
Back in the 80's there were about ten regional dug chains that were very successful and community based with loyal followings.  Names I remeber were; Jack Eckerd (Tampa'St. Pete HQ)  Big B. Drugs (birmingham HQ) Revco BFE Ohio HQ) Gray Drug (also Ohio HQ) K7B Drug in (NOLA) and a few more up north I never called on.  But then came the mergers and buy-outs and we are left with the shit show caused by among others CVS and Rite-aid.

Sadly, our locally famous Butt Drugs is also closing soon.



http://www.youtube.com/watch?v=oYYdF0zcuSI
Logged
Love is the most important thing in the world, but baseball is pretty good, too. -Yogi Berra

Offline GtHawk

  • Hero Member
  • *****
  • Posts: 14,531
  • Gender: Male
  • Well EXCUSE me!
Re: This critical retailer could be on its way to bankruptcy
« Reply #8 on: August 26, 2023, 02:35:10 pm »
Quote from: Polly Ticks on August 26, 2023, 01:39:12 pm
Sadly, our locally famous Butt Drugs is also closing soon.



http://www.youtube.com/watch?v=oYYdF0zcuSI
:pondering: Butt drugs? Sounds like a highly specialized retailer.
Logged

Offline Kamaji

  • Hero Member
  • *****
  • Posts: 48,301
Re: This critical retailer could be on its way to bankruptcy
« Reply #9 on: August 26, 2023, 03:01:01 pm »
Quote from: GtHawk on August 26, 2023, 02:35:10 pm
:pondering: Butt drugs? Sounds like a highly specialized retailer.

:silly:
Logged

Online Smokin Joe

  • Hero Member
  • *****
  • Posts: 61,062
  • I was a "conspiracy theorist". Now I'm just right.
Re: This critical retailer could be on its way to bankruptcy
« Reply #10 on: August 27, 2023, 01:24:19 am »
Quote from: GtHawk on August 26, 2023, 02:35:10 pm
:pondering: Butt drugs? Sounds like a highly specialized retailer.
A niche market?
Logged
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis
Pages: [1]   Go Up
« previous next »