Rite Aid To Close Sacramento Store Due To Bankruptcy

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http://patch.com/california/sacramento/rite-aid-close-sacramento-store-due-bank…

Patch.com

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The media bias rating of Patch.com is Center. Patch.com is a news and information website focused on U.S. national and local news, which reportedly operates over 1,200 hyperlocal news services throughout the 50 states and Washington D.C. It was founded in 2007. it is primarily owned by Hale Global, and is operated by Patch Media Corporation. The website's About page describes it as " an innovative way to find out about, and participate in, what's going on near you."

Type of Content
Approved Story
1
Format
Hide on the following page types:
Front Page
Tag Pages
Topic Pages
Community Pages
Region Pages
News Item Format
Standard
Story Cluster
Autocurated
1
External ID
942473

The pharmacy chain's bankruptcy comes amid slumping sales and heavy debt from a lawsuit filed in March by the federal government over the company's role in the opioid crisis. Additionally, Rite Aid's leaders expect a net loss of as much as $680 million in the current fiscal year, the latest in several years of annual losses. After filing for bankruptcy protection in October, the chain announced it would close more than 154 of its stores. It recently announced 30 more would close, including these in California: Prescriptions of customers of...