Free Republic

nearly all of Rite Aid's Connecticut stores will be closed by Labor Day ... The only store that doesn't have a definitive closing is the Stratford store, which is located at 3680 Main St. A female employee there on Friday said workers haven't been told yet when that location will shutdown. When questioned about the closing date, she agreed to answer the question if she could remain anonymous, because of concerns of potential retribution by Rite Aid officials. Company officials did not respond to a request for comment about the remainder of its Connecticut closings on Friday. Rite Aid announced...

As pharmacy deserts crop up across western Washington, a large chain is biting the dust. Rite Aid CEO Matthew Schroeder briefed employees Monday that all stores would either close or be sold as the company files for bankruptcy,.. The media outlet stated funding from investors fell short, and the company faced a series of economic issues, including tariffs, more expensive supply costs, pricier landlords, and what Schroeder called a “dramatic downturn in the economy.” According to the court filing, as posted on Kroll, to support Rite Aid during bankruptcy, the company secured commitments from lenders to access nearly $2 billion...