New York — Rite Aid is closing another roughly 30 locations across the US in addition to the 100 the bankrupt chain announced last month as part of its restructuring efforts. RELATED: 31 stores in California on Rite Aid closure listCompounding its problems were legal troubles stemming from accusations of filing unlawful opioid prescriptions for customers. Rite Aid is in much worse financial shape than its competitors. Bankruptcy could also help Rite Aid to resolve its legal disputes at a vastly reduced cost. That has forced Rite Aid and its rivals to reduce its physical footprint in recent years.

Source: CNN December 03, 2023 17:00 UTC