Rite Aid Bankrupt – Closing Stores
Rite Aid, South H Street/Courtesy Rite Aid
Rite Aid is filing for Chapter 11 bankruptcy and will be closing some of its stores.
The Pennsylvania-based company is more than $3 billion in debt as it deals with flagging sales and federal lawsuits over opioid prescriptions.
Up to 500 of Rite Aid’s roughly 2,100 stores will be closed as part of a restructuring plan.
