Rite Aid files for bankruptcy as drugstores face existential crisis from online retailers like Amazon
Rite Aid has filed for bankruptcy. The 61-year-old drugstore chain with over 2,000 locations across the US, filed for Chapter 11 bankruptcy protection in New Jersey on Sunday. The move was part of the company’s efforts to restructure and significantly
The post Rite Aid files for bankruptcy as drugstores face existential crisis from online retailers like Amazon first appeared on TechStartups.
Rite Aid has filed for bankruptcy. The 61-year-old drugstore chain with over 2,000 locations across the US, filed for Chapter 11 bankruptcy protection in New Jersey on Sunday. The move was part of the company’s efforts to restructure and significantly […]
The post Rite Aid files for bankruptcy as drugstores face existential crisis from online retailers like Amazon first appeared on TechStartups.