Rite Aid to close another Portland pharmacy, adding to its sweeping cuts

Rite Aid to close another Portland pharmacy, adding to its sweeping cuts

After emerging from Chapter 11 bankruptcy last year and shuttering hundreds of stores nationwide, Rite Aid is closing another Portland pharmacy.

After Losing 1,000+ Stores, Rite Aid Is Likely Closing Even More Pharmacies This Year

It’s a tough time to be a pharmacy chain, but Rite Aid could be bowing out of the drugstore wars sooner than we think. After a rocky two years, during which the retailer lost almost half of its physical footprint, Rite Aid is allegedly contemplating a second bankruptcy, according to multiple reports. In other words, it might be time to transfer your prescriptions elsewhere. RELATED: Walgreens and CVS Announce Major Pharmacy Changes—Here's How Th…

Floundering drugstore chain nears Chapter 11 bankruptcy again

An essential retail store chain is on the rocks for a second time.

Rite Aid bankruptcy update: report says pharmacy chain may be facing insolvency as more locations close

Struggling pharmacy chain Rite Aid may be preparing to file for a second bankruptcy and sell itself in pieces, according to a new report. The plans would come just a year after Rite Aid emerged from its prior bankruptcy proceedings. Here’s what you need to know. What’s happened? A report from Bloomberg yesterday said that the pharmacy chain Rite Aid was preparing to file for a second bankruptcy. Rite Aid previously filed for Chapter 11 bankruptc…

Major Retail Chain Facing a Harsh Reality After a Short-Lived Comeback

Rite Aid is once again on the verge of bankruptcy, less than a year after exiting its last one, and is now preparing to sell off parts of the company while closing down unsold locations. Key Facts: Rite Aid is preparing to file for its second bankruptcy in less than a year. The company is seeking a debtor-in-possession loan to stay afloat during the process. It plans to sell regional store groups and wind down those that don’t sell. Rite Aid ex…

Rite Aid braces for second bankruptcy filing in under a year after 800 closures

RITE Aid is preparing for a second bankruptcy filing amid continued financial woes. The drugstore chain filed for the first time in October 2023 and has closed around 800 stores since. Rite Aid is reportedly preparing for a second bankruptcy filing (stock image)GETTY GettyEmpty shelves were seen at hundreds of closing Rite Aid locations last year (stock image)[/caption] At the time, it had nearly $8.6 billion in total debt, and it’s again having…