Rite Aid Seeks Bankruptcy Protection Amid Struggles
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Rite Aid is having problems again. The drugstore chain will try to sell its things. The company needs money and help to keep going now.
The stores will stay open for now. They are in a Chapter 11 process again. Rite Aid wants to move prescriptions to other stores.
The company first asked for help in 2023. It wanted to sell some parts and change things. Before, Rite Aid had many stores in different places.
Rite Aid said it was stronger after the first time. It said it had less debt and more money. But the stores became fewer and were in less states.
Rite Aid had trouble in a hard time for drugstores. Other stores were closing and having issues. They had problems with theft, online shopping, and court cases, too.
Questions
What is Rite Aid trying to do?
Rite Aid is trying to sell its things.
What is happening to the stores right now?
The stores will stay open for now.
What problems did Rite Aid face before?
Rite Aid had trouble with theft, online shopping, and court cases.
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