Rite Aid faces uncertain future amid bankruptcy filing, store closures
Rite Aid customers may soon see their local stores closing or transitioning to new ownership as the beleaguered drugstore chain navigates another bankruptcy filing. The company has announced plans to sell off customer prescription records, inventory, and other assets, a move that signals significant changes ahead for the chain.For now, Rite Aid stores will remain open, but customers may notice dwindling product availability as the company halts new inventory purchases. Retail analyst Neil Saunders predicted a gradual decline in store conditions. "I think what we'll progressively see is the stores will become more and more spartan," Saunders said in an AP news story.According to the company's website, Rite Aid currently operates 1,245 locations across 15 states, with a strong presen