Rite Aid pharmacies file for bankruptcy protection. Details below, with link.

bobcat said:
Oh no. That's where I go to get my flu shots, although I got this year's at the VA, but still sad news. Maybe they will reorganize and come back.
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I seem to remember reading a very recent news article about Walgreen's having serious problem with their staffing. Quite a few of their locations are seeing walk outs by the pharmacy staff, because of the huge number of angry and abusive customers they have to face each day. This is happening right across the USA, not just in one place. link.

MSN

JimB.
 

I heard about Rite Aid declaring bankruptcy a couple of months ago, when I was getting my flu shot there. Well, that's my pharmacy. I found, online, that it's more of a re-organization of debt, etc. I don't understand corporate financing. It's not good, but supposedly, it's not that bad, either. They're not going to become pizza places.
Personally, I think both CVS and Rite Aid way over built stores. Within 10 miles of me, there are 3 CVSs and 3 Rite Aids.
 
A primary reason for the Rite Aide bankruptcy is they and pharmaceutical corps were sued by thousands of USA entities with massive settlements for being a cause of the opiate crisis. Actually IMO they were targeted instead of individual doctors, politicians, individuals with personal choices, and medical corps for pursuing successful class action lawsuits against. Not that those profit motivated corporations were somewhat guilty but rather conspired to point blame elsewhere just as lawyers and politicians by nature do. I would tend to point a finger at our Wall Street and Ivory Tower elite's greed motivated unrestrained capitalist attitudes and societal control.

There was a Rite Aid about a half mile away from my residence that shuttered a year ago, and now gathering dust. Given Walmart and Amazon, their future was in any case becoming less relevant.
 
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