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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...

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...

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...

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...

When Rite Aid prepares to close a store, the company typically works to transfer prescriptions to another Rite Aid or nearby pharmacy in order to prevent service interruptions. The corporation also attempts to transfer employees to different locations. Rite Aid filed Oct. 15 for Chapter 11 bankruptcy protection amid financial losses and legal woes involving its alleged role in the opioid crisis. Before the filing, Rite Aid's plans called for closing up to 500 underperforming stores, according to The Wall Street Journal. "Rite Aid regularly assesses its retail footprint to...