The Final Chapter: Rite Aid’s Financial Collapse
the staff of the Ridgewood blog
Twp. of Washington NJ, this widespread closure is the culmination of severe financial struggles that the pharmacy chain could not overcome. Rite Aid first filed for Chapter 11 bankruptcy in October 2023. However, the situation deteriorated further, leading to a second, decisive bankruptcy filing in May. It was as part of this final bankruptcy plan that the chain announced the full closure of its remaining stores.
Continue reading Rite Aid Officially Closes All Stores After Final Bankruptcy
