by Mike Duff | Sep 4, 2024 | Retail Articles
As it moves to its next phase of the business, Rite Aid Corp. announced that it has emerged from Chapter 11 bankruptcy protection and appointed Matt Schroeder CEO. Rite Aid declared bankruptcy in October of last year. With the emergence, Rite Aid will operate as a...
by Peter Giannetti | Jul 3, 2024 | Featured News, Retail Articles
Rite Aid Corp. is closer to emerging from bankruptcy after a U.S. bankruptcy judge approved its restructuring plan, according to published reports. Rite Aid would cut debt by some $2 billion, and the company would be controlled by major creditors under the...
by Mike Duff | Feb 23, 2024 | Retail Articles
Warehouse clubs dominated the American Customer Satisfaction Index among general merchandise retailers, but Macy’s and Target were also among the leaders. Costco and Macy’s led all others with a satisfaction score of 82 with Target and Sam’s Club just behind at...
by Mike Duff | Feb 23, 2024 | Retail Articles
Rite Aid has launched a new advertising campaign to assure customers of its commitment to them as it endures a drawn-out Chapter 11 bankruptcy process. The company’s “It Means More” advertising spotlights that commitment, Rite Aid stated, and makes a point...
by Mike Duff | Oct 16, 2023 | Featured News, Retail Articles
After weeks of speculation about its go-forward strategy, Rite Aid Corp. has announced that it has filed for Chapter 11 bankruptcy protection to accelerate its ongoing business transformation. This comes amid pressure exerted by lower COVID-19-related sales and opioid...
