Major US pharmacy chain Rite Aid files for bankruptcy
Associated PressAPR 2023
While some people have a nostalgic bond to Rite Aid, the company has failed in many different areas. It took out loads of debt while bleeding cash yet continued to go down a path of destruction. Rite Aid simply can’t compete in the modern business environment, and customers will be fine finding an alternative to the decaying drugstore.
While some may not mourn Rite Aid’s self-inflicted bankruptcy, there are many customers who will struggle to have their prescriptions filled. Patients are already dealing with prescription shortages, and the closing of many more stores will be another obstacle for them.