Rite Aid (NYSE: RAD) Files For Bankruptcy: How It Lost The Drugstore Battle?

Rite Aid

In a stunning turn of events, Rite Aid, the once prominent drugstore chain, has filed for Chapter 11 bankruptcy protection. The announcement comes as no surprise, given the company’s prolonged struggle to stay afloat in the ever-evolving world of retail pharmacy. Rite Aid’s financial downfall was amplified by its legal entanglements in the opioid crisis, … Read more