{"id":36172,"date":"2023-09-23T01:34:52","date_gmt":"2023-09-23T05:34:52","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=36172"},"modified":"2023-09-23T01:34:57","modified_gmt":"2023-09-23T05:34:57","slug":"rite-aid-plans-to-shut-down-hundreds-of-stores-in-bankruptcy","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2023\/09\/23\/rite-aid-plans-to-shut-down-hundreds-of-stores-in-bankruptcy\/","title":{"rendered":"Rite Aid plans to shut down hundreds of stores in bankruptcy"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Rite Aid&nbsp;is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall Street Journal reported on Friday, citing people familiar with the talks.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"173\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" src=\"https:\/\/lakelandgazette.info\/news\/wp-content\/uploads\/2023\/09\/200px-Rite_Aid.svg.png\" alt=\"\" class=\"wp-image-36173\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The company has proposed to close roughly 400 to 500 stores in bankruptcy, and either sell or let creditors take over its remaining operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Given the conversations remain ongoing, no decisions have been made at this time, Rite Aid said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company operates more than 2,330 stores in 17 U.S. states, although it is much smaller than rivals such as Walgreens Boots Alliance&nbsp;<a href=\"https:\/\/www.reuters.com\/markets\/companies\/WBA.O\" target=\"_blank\" rel=\"noreferrer noopener\">(WBA.O)<\/a>&nbsp;and CVS Health&nbsp;<a href=\"https:\/\/www.reuters.com\/markets\/companies\/CVS.N\" target=\"_blank\" rel=\"noreferrer noopener\">(CVS.N)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rite Aid&nbsp;is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall Street Journal reported&hellip; <\/p>\n","protected":false},"author":2,"featured_media":36173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"dois","default_image_id":71799,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[17],"tags":[6062],"class_list":["post-36172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional-and-world-news","tag-rite-aid-plans-to-shut-down-hundreds-of-stores-in-bankruptcy"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/36172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=36172"}],"version-history":[{"count":0,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/36172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/36173"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=36172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=36172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=36172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}