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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [10] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Rite Aid's bankruptcy plan, revised on Thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have sued the company ...
Rite Aid, trying to claw its way out of debt, is getting out of every drugstore lease it can. CVS, Walgreens, and Rite Aid have announced the closures of more than 1,500 stores.
Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses. While it has secured $3.5 billion in financing and debt ...
Bartell's was believed to be the nation's oldest existing family-owned drugstore chain until it was sold to Rite Aid in 2020. 1890 to 1956 [ edit ] Bartell Drugs was founded in 1890 when George H. Bartell Sr. (1868–1956) purchased the Lake Washington Pharmacy at 2711 South Jackson Street in Seattle's Central District . [3]
Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses and its stock is down more than 90% for the year.
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