RAD
Rite Aid Corporation
Delisted
RAD was delisted on the 13th of October, 2023.
About: Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.
Employees: 47,000
Financial journalist opinion
Negative
PYMNTS
2 weeks ago
Rite Aid Closing Stores and Selling Pharmacy Assets to Rivals
Rite Aid is reportedly closing additional stores while handing off business to rivals. The drugstore chain, which recently filed for bankruptcy for the second time, has revealed 95 locations it wants to shut down, Fast Company reported, citing a court filing.
Negative
New York Post
3 weeks ago
Rite Aid sells 1K pharmacies to rivals — including CVS, Walgreens — after second bankruptcy filing
The sale agreements follow its second bankruptcy filing in two years.
Negative
New York Post
1 month ago
Rite Aid heading for bankruptcy again, plans to cut jobs: report
The company was unable to secure additional capital from lenders that was needed to continue operating the business, Bloomberg reported, citing a letter from CEO Matthew Schroeder.
Positive
PYMNTS
9 months ago
Rite Aid Emerges From Bankruptcy, Names CFO Matt Schroeder as CEO
Rite Aid has announced a leadership transition as it emerges from Chapter 11 bankruptcy. Jeffrey S.
Positive
Forbes
9 months ago
Rite Aid Picks Insider CEO As Company Emerges From Bankruptcy
Rite Aid has selected long-time company executive Matt Schroeder as the company's new chief executive officer as the company exits federal bankruptcy protection.
Negative
New York Post
11 months ago
Rite Aid to close over two dozen stores amid bankruptcy proceedings
Rite Aid said the proceedings would involve continued store footprint optimization.
Neutral
Business Wire
1 year ago
Rite Aid's Holly, Jolly Holiday How To's
PHILADELPHIA--(BUSINESS WIRE)--There's no denying the holidays are an unforgettable time of year with so many seasonal staples like family gatherings, gift exchanges, recipe traditions, and even the less joyful element of stress. As celebrations take place throughout the coming weeks, Rite Aid is offering a one-stop-shop solution for cherishable memory-making that keeps the “happy” in Happy Holidays. Acquaintance Gift Guide Buying gifts for others can be a difficult and draining task. Pair it w.
Negative
Fast Company
1 year ago
Bankrupt Rite Aid is closing another 31 stores: Full list and map of doomed locations
The stores, listed in a recent bankruptcy filing, are largely concentrated on the West Coast, Northeast, Pacific Northwest, and Midwest regions. Back in October, Rite Aid announced it would be closing at least 150 stores due to its bankruptcy.
Neutral
Business Wire
1 year ago
Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Rite Aid Securities Litigation
SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Rite Aid Securities Litigation: UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF PENNSYLVANIA DOUGLAS S. CHABOT, et al., Individually and on Behalf of All Others Similarly Situated, Civ. Action No. 1:18-cv-02118-JPW Plaintiffs, CLASS ACTION vs. WALGREENS BOOTS ALLIANCE, INC., et al., Defendants. SUMMARY NOTICE IF YOU PURCHASED OR ACQUIRED RITE AID CO.
Negative
Reuters
1 year ago
Bankrupt Rite Aid sues US Justice Dept to stop opioid lawsuit
Rite Aid sued the U.S. Department of Justice on Thursday, seeking to stop a lawsuit alleging that the bankrupt pharmacy chain ignored red flags and illegally filled hundreds of thousands of prescriptions for addictive opioid medication.
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