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The FTC reached a settlement with Rite Aid over its AI-powered surveillance system that agency said lacked consumer safeguards In a complaint filed in federal court, the FTC argued that Rite Aid used AI-based facial recognition tools to identify customers who may have engaged in shoplifting or other problematic behavior. The agency said that Rite Aid failed to put in place safeguards to protect employees who were falsely accused of wrongdoing because the facial recognition technology mistakenly flagged them as matching someone previously identified as a shoplifter or other troublemaker. The FTC said the facial recognition system "generated thousands of...

Rite Aid is banned for five years from using AI facial recognition surveillance technology in hundreds of stores nationwide. The FTC Tuesday ordered the ban because that system falsely tagged people as shoplifters, disproportionately impacting people of color and women. Photo by John Angelillo/UPI | License Photo Dec. 20 (UPI) -- A Federal Trade Commission order Tuesday banned Rite Aid from using artificial intelligence facial recognition surveillance technology for five years because it falsely tagged women and people of color as shoplifters. "Rite Aid's reckless use of facial surveillance systems left its customers facing humiliation and other harms, and its...

Around a thousand pharmacy workers across the country have walked off the job as part of a strike to protest conditions.The so-called "Pharmageddon" series of walkouts at pharmacy chains including CVS and Walgreens stores started Monday, Oct. 30, and is expected to continue at least through the middle of the week. Around 900 people from about 10 states could participate, organizers of the ongoing protest told NBC News. A growing workload and understaffing are the main reasons for the protest, organizers say, noting that the pharmacy workers are not unionized.In a statement to KDKA in Pittsburgh, CVS said it is...

A popular grocery chain in New York State is closing several stores and laying off more than 500 employees. It's not a great sign, especially before the holidays, that so many retailers are shuttering locations in New York State. Rite Aid and CVS stores will be closing in New York by the end of this year or next year. Two TJ Maxx and Marshal's stores will be closing. Now this. Shop-Rite Supermarkets Inc., the parent company for Shop-Rite stores has filed with the New York State Department of Labor. The company said in its filing that 567 employees will be...

Rite Aid said it will close 150 of its 2,100 US locations after filing for bankruptcy.. CVS is set to close the doors on 900 of its stores by the end of 2024.. Walgreens will shutter 150 stores by summer 2024 - leaving millions in 'pharmacy deserts' . The nation's largest drugstore chains, Rite Aid, CVS and Walgreens, will shutter more than 1,500 stores, leaving millions of Americans without access to healthcare in 'pharmacy deserts.' Rite Aid said it will close 150 of its 2,100 US locations after they filed for Chapter 11 bankruptcy earlier this month. The pharmacy chain...

our local Rite Aid drugstore could soon disappear, a casualty of years of losses and failed mergers. In the end, Rite Aid was too small and too poor to pay the costs of lawsuits related to the opioid epidemic. Rite Aid filed for bankruptcy on Sunday in New Jersey, unable to find the money to settle hundreds of federal, state and private lawsuits alleging it oversupplied prescription painkillers.

It's no secret that U.S. drugstore landscape has been consolidating at a jarring pace now that the pandemic has passed. Rite Aid (RAD) - has been reportedly toying with the possibility of filing Chapter 11 bankruptcy and liquidating many of its stores. It currently has some $3.3 billion in debt. The proposed deal would permanently shutter 400 to 500 of the chain's current 2,100 stores and hand them over to creditors or other interested buyers. With the the pandemic now firmly behind us and brick-and-mortar retail at a crawling recovery pace compared with more robust corners of the market, drugstores...

Pharmacy giant Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close, according to a report. People familiar with the company's talks with creditors told the Wall Street Journal that Rite Aid has proposed to close as many as 500 stores in bankruptcy, and either sell or let creditors take over its remaining operations. One group of bondholders wants to liquidate a larger number of stores, and there is an ongoing discussion on the number of stores to be closed, the Journal reported. Given the conversations remain...

Pharmacy giant Rite Aid, which is facing an onslaught of lawsuits over its alleged role in the opioid epidemic, is planning to file for bankruptcy protection, according to a report. The company's multibillion-dollar debt load and pending legal allegations that it oversupplied prescription painkillers, will be covered under the Chapter 11 filing, The Wall Street Journal reported Friday, citing people familiar with the matter. A Rite Aid spokesperson told FOX Business that the company does "not comment on rumors and speculation." The law firm reportedly handling the restructuring, Kirkland & Ellis LLP, did not immediately respond to FOX Business' request...

Rite Aid Corp (RAD.N) is preparing to file for bankruptcy in coming weeks to address lawsuits the company is facing over its alleged role in the sale of opioids, the Wall Street Journal reported on Friday, citing people familiar with the plan. Shares of the pharmacy retail chain operator fell 35% to 94 cents in afternoon trade. The Chapter 11 filing would cover Rite Aid’s more than $3.3 billion debt load and pending legal allegations that it oversupplied prescription painkillers, the newspaper reported. Rite Aid did not immediately respond to a Reuters request for comment. Regionally focused Rite Aid operates...

Scott Winkler, who lives in the area, has been a loyal customer of the Rite Aid store for three years. He recently found out the pharmacy was closing, leaving him and other residents in the neighborhood without easy access to essential medications. "Somebody has to stand up for what's right, and that is a pharmacy that is an intricate part of this area," Winkler said. "Now it's gone, and the only thing we have left is Family Dollar — and hopefully they won't close." With the pharmacy closing, Winkler will no longer be able to walk over to get his...

NEW YORK — Amazon is limiting how many emergency contraceptives consumers can buy, joining other retailers who put in place similar caps following the Supreme Court decision overruling Roe v. Wade. Amazon’s limit, which temporarily caps purchase of the contraceptives at three units per week, went into effect on Monday, a spokesperson for the e-commerce giant confirmed to The Associated Press. The company did not share further details on what emergency contraceptive products were limited for purchase, but a listing showed the cap applied to Plan B, the popular “morning after” pill.

Click here to view the full articleActor Michael Rapaport returned to his neighborhood Rite Aid on Sunday only to find shelves empty just days after he saw a brazen thief calmly walk out of the store with two shopping bags full of stolen goods.‘Back in my Rite Aid,’ he said in a video posted to his Instagram on Sunday. ‘And there’s nothing to steal because this Rite Aid like so many other Rite Aids is closing down because everybody stole everything. And the workers here don’t know if they’re getting jobs.‘Congratulations, losers,’ the 51-year-old actor concluded in the video, which...

Of all the burdens Manhattan has borne this January, the imminent closing of the 24-hour Midtown West Rite Aid hardly qualifies as a tragedy. But the fact that an otherwise-thriving major corporation is giving up on core Manhattan matters for our decaying borough. The pharmacy, on 8th Avenue and 50th Street, will close Feb. 8. Last week, it was effectively already shuttered, with most of the store cordoned off with gates. Just a small, strange assortment — children’s coloring books jumbled with vitamins — was marooned on front shelves on “clearance.” The clearance prices were ironic — because the reason...

The Rite Aid at the corner of 8th Avenue and 50th Street in Hell’s Kitchen will close Feb. 8 because of the rampant pilfering, said store sources who claim thieves have ripped off more than $200,000 worth of merchandise in the past two months alone. A Post reporter followed one brazen thief at the store last week, watching him load four cases of beer into an oversize canvas bag in the back of the store and stride out without paying. A guard with the word “SECURITY” emblazoned on the back of his shirt watched the thief as he walked out,...

A woman carrying a pickaxe in broad daylight casually walked into a Los Angeles Rite Aid, stole merchandise and threatened store employees and customers, shocking video shows. The bizarre footage captured the moment the unknown woman dragged a basket full of merchandise across the floor of the Rite Aid, in Venice, California, on Thursday morning. She seems to be headed for the door, with basket and pickaxe in hand, before stopping by the counter and telling an employee she'll come back. 'I'm not f*****g around,' she says as an employee tries to ask her to stop as she makes a...

The profit-maximizing corporations that covet your "digital health" data hide behind nonprofit umbrella groups that pose as public interest do-gooders. These vaccine passport profiteers are turning millions of human beings into walking QR codes in the name of fighting COVID-19 and under the guise of bringing "normalcy" back. It's an unprecedented worldwide racket that rewards compliant sheep and punishes free-thinking, autonomy-seeking citizens. Let's name them. Here in my adopted home of Colorado, the state government is pimping the Smart Health Card "allowing users to verify and share their vaccination status." Who's behind Smart Health Card technology, which is now being...

AOC told the Washington Times that “a lot of these allegations of organized retail theft are not actually panning out.” “I believe it’s a Walgreens in California cited it, but the data didn’t back it up,” she said. Now, she says this in the face of numerous videos and reports of smash and grabs in Democratic cities across the country, in particular a spurt of such criminal actions in California. So, it’s fantasy to deny them. Republican lawmakers and retailers blasted AOC for denying the obvious.

Three retail pharmacy chains recklessly distributed vast amounts of pain pills in two Ohio counties, a federal jury said on Tuesday, in a verdict that could set the tone for US city and county governments that want to hold pharmacies accountable for their roles in the opioid crisis. Lake and Trumbull counties blamed pharmacies operated by CVS, Walgreens and Walmart for not stopping the flood of pills that caused hundreds of overdose deaths and cost each of the two counties about $1bn, their attorney said.

Rite Aid executives report the pharmacy chain saw a major increase in sales of hydroxychloroquine, the prescription malaria medicine that President Trump has urged Americans to take during the coronavirus pandemic despite some public-health concerns. Rite Aid is not experiencing a shortage of the drug but is closely monitoring supply. Finance chief Matt Schroeder mentioned the increased demand, which he did not quantify, during a Thursday call with analysts to discuss quarterly financial results. Sales of inhalers also are up, he said. For the fourth quarter, the company reported revenue of $5.73 billion and a net loss from continuing operations...