{"id":64774,"date":"2023-09-24T06:25:35","date_gmt":"2023-09-24T10:25:35","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/rite-aid-plans-to-shut-down-hundreds-of-stores-in-bankruptcy-wsj\/"},"modified":"2023-09-24T06:25:38","modified_gmt":"2023-09-24T10:25:38","slug":"rite-aid-plans-to-shut-down-hundreds-of-stores-in-bankruptcy-wsj","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=64774","title":{"rendered":"Rite Aid plans to shut down hundreds of stores in bankruptcy – WSJ"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A woman shops inside of a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Picture taken June 25, 2020. REUTERS\/Lucas Jackson\/File Photo<\/span>
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(Reuters) – Rite Aid (NYSE:) is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall Street Journal reported on Friday, citing people familiar with the talks.<\/p>\n

The company has proposed to close roughly 400 to 500 stores in bankruptcy, and either sell or let creditors take over its remaining operations, according to the report.<\/p>\n

Given the conversations remain ongoing, no decisions have been made at this time, Rite Aid said.<\/p>\n

The company operates more than 2,330 stores in 17 U.S. states, although it is much smaller than rivals such as Walgreens Boots Alliance (NASDAQ:) and CVS Health (NYSE:). <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: A woman shops inside of a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Picture taken June 25, 2020. REUTERS\/Lucas Jackson\/File Photo (Reuters) – Rite Aid (NYSE:) is negotiating with creditors over the terms of a bankruptcy plan that would include […]<\/p>\n","protected":false},"author":1,"featured_media":5772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-64774","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nRite Aid plans to shut down hundreds of stores in bankruptcy - WSJ | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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