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Rite Aid Officially Closes All Stores After Final Bankruptcy

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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.

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FTC says Rite Aid AI Facial Recognition Technology Falsely Tagged Consumers, Particularly Women and People of color, as Shoplifters

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the staff of the Ridgewood blog

Twp of Washington NJ, Rite Aid will be prohibited from using facial recognition technology for surveillance purposes for five years to settle Federal Trade Commission charges that the retailer failed to implement reasonable procedures and prevent harm to consumers in its use of facial recognition technology in hundreds of stores.

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Drugstore Chain Rite Aid Plans Store Closings

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the staff of the Ridgewood blog

Twp. of Washington NJ, Drugstore chain Rite Aid plans to shut down hundreds of stores in bankruptcy, according to the Wall Street Journal, as the company figures out how to address billions of dollars’ worth of debt and a swath of opioid-related lawsuits.

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Rite Aid to Begin Administering COVID-19 Vaccine in Bergen County

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the staff of the Ridgewood blog

Twp. of Washington NJ, Rite Aid is proud to partner with the federal government as an inaugural participant in the Federal Retail Pharmacy Program. Under this program, which begins today, federal health authorities determine the allocation of doses, while state and local jurisdictions continue to define their own eligibility requirements.

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Rite Aid Significantly Expands COVID-19 Testing

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photo courtesy of WABC

the staff of the Ridgewoood blog

Waldwick NJ, Rite Aid (NYSE: RAD) will significantly expand its COVID-19 testing effort with the addition of 46 no-charge testing sites, most of which will operate through its stores’ drive-through windows, beginning May 11, 2020. Rite Aid is also expanding COVID-19 testing criteria at all testing sites to include adults who are not exhibiting any symptoms of the virus, effective immediately in accordance with the Centers for Disease Control and Prevention guidance.

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Today is Ridgewood Senior Shopping Day -Special Offers Available for Older Adults

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photo by ArtChick

Ridgewood Senior Shopping Day
Tuesday, August 28
10:00 am – 3:00 pm

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