« previous next »
Pages: [1]   Go Down

Author Topic: Rite Aid to close hundreds of stores in bankruptcy: report  (Read 1238 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 401,731
Rite Aid to close hundreds of stores in bankruptcy: report
« on: September 23, 2023, 06:48:23 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.

more
https://www.foxbusiness.com/retail/rite-aid-close-hundreds-stores-bankruptcy-report
Logged
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 32,397
Re: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #1 on: September 23, 2023, 08:55:14 pm »
Bidenomics
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

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: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #2 on: September 23, 2023, 09:09:11 pm »
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. 
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.

Offline libertybele

  • Cat Mod
  • *****
  • Posts: 64,998
  • Gender: Female
Re: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #3 on: September 23, 2023, 09:18:24 pm »
Logged

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 401,731
Re: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #4 on: September 23, 2023, 09:29:29 pm »
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..
Logged
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline Smokin Joe

  • Hero Member
  • *****
  • Posts: 61,062
  • I was a "conspiracy theorist". Now I'm just right.
Re: Rite Aid to close hundreds of stores in bankruptcy: report
« Reply #5 on: September 23, 2023, 11:29:56 pm »
Quote from: mystery-ak on September 23, 2023, 09:29:29 pm
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.
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 »