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A Wall Street Journal report that Rite Aid would close 400 to 500 stores sent the stock stumbling at the end of September. Rite Aid, which once had a market cap of nearly $13 billion in 1998 ...
In the latest quarter ended June 3, Rite Aid closed 27 stores. As of June 3, it operated 2,284 pharmacy locations. ... Click here for the latest stock market news and in-depth analysis, including ...
After filing for bankruptcy last week, Rite Aid is expected to shutter more than 150 stores across the U.S. — including dozens in Pennsylvania.. The company, which operated more than 2,000 ...
On October 18, Rite Aid warned investors that it may not be able to survive its bankruptcy filing and might have to permanently shutter or sell all of its remaining stores over the next twelve months. [72] That day, the company announced the closure of 154 stores, and its stock closed at an all-time low of $0.13 per share. [73] [74]
In recent years, the stock market has valued Rite Aid in the tens of millions of dollars even though it had $24 billion in sales last year. Rite Aid's downfall arguably dates to its purchase of ...
October 19, 2023 at 11:50 AM. Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The ...
Rite Aid plans to plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process. The company submitted a list of 154 stores in a ...
Rite Aid’s stock price experienced steep swings throughout the trading day, soaring more than 20% higher than its opening price in morning trading and then falling to near-session lows close to ...