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Rite Aid filed for Chapter 11 bankruptcy last October amid financial losses from opioid lawsuits, poor sales and low reimbursement rates for prescription medications.
Lane Drug. The Lane Drug Company of Ohio (also referred to as "Lane’s Discount Drugs", or "Lane's), was a discount drugstore chain in the United States that was originally based in Toledo, Ohio. On 10 April 1989, the chain was acquired by Rite Aid Corporation of Harrisburg, Pennsylvania, and operated as a division of Rite Aid until late 2024 ...
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. [11]
October 19, 2023 at 11:50 AM. Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The ...
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
Rite Aid filed a petition under Chapter 11 of the U.S. Bankruptcy Code on Oct. 15 amid flagging sales, mounting debt and several opioid-related lawsuits. According to the Wall Street Journal, the ...
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