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CVS Acquires 64 Rite Aid Stores in the U.S. Northwest

CVS Acquires 64 Rite Aid Stores in the U.S. Northwest

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...
CVS Acquires 64 Rite Aid Stores in the U.S. Northwest

Rite Aid Seeks Chapter 11 Protection Again, Plans Strategic Asset Sale

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...
Malhotra Out as Container Store CEO After Retailer’s Bankruptcy Exit

Malhotra Out as Container Store CEO After Retailer’s Bankruptcy Exit

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...
JCPenney Stores Up for Sale To Keep Retailer’s Banner

JCPenney Stores Up for Sale To Keep Retailer’s Banner

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....
Coresight Research Predicts Jump in Store Closures in 2025

Coresight Research Predicts Jump in Store Closures in 2025

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,...
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