An American healthcare staple, Rite Aid, is closing more stores after filing for bankruptcy.
Rite Aid has previously shuttered 47 locations and announced 115 more closures-a significant contraction.
Rite Aid filed for Chapter 11 bankruptcy in October 2023 and is planning to restructure under financial stress across nine states.
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USAToday reported that “As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible. ” CEO Matt Schroeder discussed the financial difficulties that led to such changes…