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The Latest Breaking News from Rite Aid

The U.S. drugstore is caught in a perfect storm, ditched by customers and squeezed by insurance middlemen

“If even big chains cannot survive—and even CVS and Walgreens are hurting—what do you expect for the small pharmacies?”

Fortune

The great American pharmacy meltdown

Seattle's beloved Bartell’s, now owned by debt-laden Rite Aid, is closing many of its locations. It's the latest symptom of a national health care crisis that hurts all of us.

Fortune

Rite Aid’s bankruptcy explained: Causes & timeline

Rite Aid, a more than half-century-old drugstore chain, filed for Chapter 11 Bankruptcy in late 2023, but the brand is attempting to salvage its business under crisis CEO Jeffrey Stein. Here's how and why it happened.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

Bankrupt essential retailer liquidates several more stores

The Philadelphia-based retail chain continues closing store locations across the nation in its Chapter 11 bankruptcy case.

The Street

Another drugstore chain files for Chapter 11 bankruptcy

A small drugstore chain files Chapter 11 bankruptcy facing tough competition from major retail chains with pharmacies.

The Street

Bankrupt nationwide retailer closes several more stores

The Philadelphia-based national retail chain will close more stores in bankruptcy.

The Street

Bankrupt essential retailer closing more stores across nation

The huge retailer continues closing its stores in bankruptcy.

The Street

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The 5 most startling retailer bankruptcies since 2020

The pandemic sent waves through the economy, and since its onset, many businesses have filed for Chapter 11 bankruptcy. These are five of the most surprising and notable.

The Street

Huge consumer lender misses payments, files Chapter 11 bankruptcy

Chicago-based consumer lender files for Chapter 11 protection to restructure and eliminate $1 billion in debt.

The Street

Essential retailer in bankruptcy closes more stores

A retail chain relied on by millions will close more locations as it navigates Chapter 11.

The Street

Rite Aid's Elixir Sale Receives Court Approval, Boosts Finances!

Rite Aid's bankruptcy woes take an elixir-infused turn as they secure court approval for a 5 million sale, bringing hope to their uncertain future.

Top News

Triangulating Apple

Episode 486 of the Cyberlaw Podcast

Reason

Ring in 2024 with Open Stores and Closed Chains

Kick off the new year with some shopping! Check out our guide to which stores are open and closed on New Year's Day in the US. Happy shopping!

Top News

West Virginia starts distributing funds from the settlement of opioid lawsuits

West Virginia is issuing the first checks from a fund established up by the settlement of opioid lawsuits

The Independent UK

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WEKU

Why corporate bankruptcies were up in 2023 despite the improving economy

Hundreds of debt-saddled companies filed for bankruptcy this year, as the era of easy money caught up to corporations. High interest rates mean banks aren't extending lifelines.

The Street

Bankrupt retailer gets more bad news about preventing theft

A bankrupt essential retailer might be banned from using facial recognition technology for surveillance purposes for five years.

The Guardian - UK

First Thing: ‘Very serious’ ceasefire negotiations in Gaza face impasse

Hamas has said it will not discuss releasing more hostages until Israel ends its war, while Israel has vowed to continue ‘to the end’. Plus, the women who fought back against a couch-surfing predator

Top News

Rite Aid Faces FTC Crackdown for Misusing Facial Recognition Tech

Rite Aid faces FTC crackdown after wrongly identifying customers using facial recognition technology. Privacy and security concerns arise around AI use.

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news in one place.

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The Guardian - US

Rite Aid facial recognition misidentified Black, Latino and Asian people as ‘likely’ shoplifters

Surveillance systems incorrectly and without customer consent marked shoppers as ‘persons of interest’, an FTC settlement says

Top News

Rite Aid Banned from Facial Recognition Tech Over Alleged Bias

Rite Aid banned from using facial recognition due to alleged misidentification of shoplifters. FTC settlement reached, but Rite Aid disagrees with claims.

The Independent UK

Rite Aid banned from using facial recognition technology in stores for five years

Rite Aid has been banned from using facial recognition technology for five years over allegations that a surveillance system it used incorrectly identified potential shoplifters, especially Black, Latino, Asian or female shoppers

Fortune

Rite Aid 'left its customers facing humiliation,' says FTC as it hits chain with five-year facial-recognition ban

Rite Aid, which has already gone bankrupt partly due to opioid claims, accepted the ban under an FTC settlement.

Top News

Rx Resurgence: Rite Aid Resolves Bankruptcy Woes, Gets Loan Nod

Rite Aid, the pharmacy chain, embarks on a zesty path toward bankruptcy mediation and receives an exuberant loan approval to navigate through troubled waters.

International Business Times

US Bans Pharmacy Rite Aid From Facial Recognition Use

Pharmacy group Rite Aid was ordered Tuesday to stop using facial recognition for the next five years by a US regulator, which said the company falsely identified consumers as shoplifters using the technology.

The Street

Essential retailer faces key Chapter 11 bankruptcy deadline

An iconic American retail chain is fighting for survival and time is running out.

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