by Mike Duff | May 20, 2025 | Retail Articles
CVS Pharmacy has agreed to acquire and operate 64 Rite Aid stores in Idaho, Oregon and Washington. As Rite Aid’s Chapter 11 bankruptcy proceedings continue, the CVS Health division said it also had acquired the prescription files of 625 Rite Aid pharmacies across 15...
by Mike Duff | May 6, 2025 | Retail Articles
In a second stint in bankruptcy within a year, Rite Aid Corp. has announced that it is seeking Chapter 11 protection and will attempt to arrange a strategic sale of substantially all of its assets to maximize its remaining value for stakeholders. The company filed its...
by Mike Duff | Mar 21, 2025 | Retail Articles
Satish Malhotra has left his post as CEO of The Container Store, which has created an Office of the Chief Executive to run the company with Joel Bines, the company’s board chairman, becoming executive chairman. The move was reported by The Dallas Morning News based on...
by Mike Duff | Feb 21, 2025 | Retail Articles
Hilco Real Estate, enlisted to sell 121 JCPenney properties, reported the stores will continue operating under the JCPenney retail banner after they are sold. The stores set to be sold have been operating under 20-year leases, with about 16-and-a-half years remaining....
by Mike Duff | Jan 23, 2025 | Retail Articles
Coresight Research has issued its predictions for 2025 store openings and closures by sector in the United States, with store closures up to about 15,000 and store openings steady at 5,800. Closures announced late in 2024 and early in 2025 by Party City, Big Lots,...
