Rite Aid store closures and bankruptcy

SOURCE www.breitbart.com
Rite Aid is closing 27 stores in Ohio and Michigan as part of bankruptcy proceedings due to competition and legal issues related to the opioid crisis. Other major retailers like Walmart and Target are also facing financial struggles.

Key Points

  • Rite Aid closing 27 stores in Ohio and Michigan
  • Facing bankruptcy due to competition from CVS, Walgreens, and Target
  • Legal issues related to alleged involvement in the opioid crisis
  • Other retailers like Walmart and Target also facing financial challenges