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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [10] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Rite Aid's bankruptcy plan, revised on Thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have sued the company ...
Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses. While it has secured $3.5 billion in financing and debt ...
Walgreens is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. [3] It specializes in filling prescriptions, health and wellness products, health information, and photo services. [4]
Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses and its stock is down more than 90% for the year.
In 2022, Rite Aid widened its annual loss forecast three quarters in a row, resulting in a 48-year low stock price. In January 2023, Rite Aid announced Donigan was leaving the company. Personal life. Donigan is a native of Greenwich, Connecticut. She is the daughter of the Episcopal priest and Tolkien scholar Fleming Rutledge.
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