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In September, Rite Aid formally emerged from bankruptcy. The company had filed for Chapter 11 bankruptcy protection in late 2023 and closed nearly 800 stores as part of the process.
(WHTM) – Rite Aid, the once-time pharmacy giant previously headquartered in Cumberland County, intends to file for bankruptcy a second time and cut jobs. The news was first reported by Bloomberg.
Rite Aid emerged from Chapter 11 in September, saying at the time that it had become a stronger company with “significantly less debt and additional financial resources.” But it wasn’t enough.
Rite Aid to file second bankruptcy, announces job cuts Its CEO blamed corporate job cuts on “the dramatic downturn in the economy," tariffs and increased costs.