---------- Forwarded message ---------
From: Joyce Segal <joyceck10@gmail.com>
Date: Mon, Oct 16, 2023 at 2:47 AM
Subject: Tidbits
To: Kim Cooper <kimc0240@gmail.com>
From: Joyce Segal <joyceck10@gmail.com>
Date: Mon, Oct 16, 2023 at 2:47 AM
Subject: Tidbits
To: Kim Cooper <kimc0240@gmail.com>
Rite Aid files for bankruptcy. The 61-year-old drugstore chain, which has more than 2,000 locations across the US, sought Chapter 11 bankruptcy protection yesterday, as it was unable to find the money to settle the hundreds of lawsuits it's facing over supplying opioids. Though larger than a mom-and–pop, Rite Aid is smaller than competitors like CVS and Walgreens—not to mention Amazon and Walmart, and it has struggled to keep up as sales have slumped. The company plans to restructure, closing several stores and installing a new top executive.
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