The company was unable to secure additional capital from lenders that was needed to continue operating the business, Bloomberg reported, citing a letter from CEO Matthew Schroeder.

Just months after emerging from a 2023 bankruptcy filing, Rite Aid is reportedly preparing to again file for bankruptcy protection.

As we continue to cover the impact of Rite Aid's Chapter 11 bankruptcy filing on our local area, we have learned that several ...

Rite Aid filed for bankruptcy on Monday for the second time in less than two years after a previous restructuring reduced the ...

It takes Kathy Younkins just a few minutes to walk to her neighborhood Rite Aid. The 67-year-old has picked up her ...

Pharmacy chain Rite Aid announced it began Chapter 11 proceedings Monday. Stores will remain open and the company will ...

Rite Aid customers in the tri-state can expect their local store to close or change ownership in the next few months, as the ...

Ahead of its first bankruptcy filing, Rite Aid had been reporting annual losses for several years and faced financial risks from lawsuits over opioid prescriptions. At the time, the company had ...

The pharmacy retailer, one of the largest in the U.S., plans to begin cutting jobs, Bloomberg ... suffered $750 million in losses the previous financial year. Rite Aid used the bankruptcy to ...

Rite Aid will no longer honor gift cards or accept any returns or exchanges beginning June 5. Jobs to be cut as stores ... after reporting $750 million in losses for the previous fiscal year.

The Pennsylvania-based company entered bankruptcy with over $2 billion in debt and has warned employees about likely job cuts. Rite Aid Chief Executive Matt Schroeder said on Thursday the company ...