Rite Aid to Close Over 200 Stores Amid Bankruptcy

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Source: TheStreet
Rite Aid to Close Over 200 Stores Amid Bankruptcy
Photo: TheStreet
TL;DR

Major pharmacy chains CVS, Walgreens, and Rite Aid are closing hundreds of stores due to economic challenges, increased competition, and declining profitability, with Rite Aid filing for bankruptcy and planning to close about 1,240 stores.

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