Rite Aid 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. Rite Aid did not immediately respond to a Reuters' request for comment. 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 and CVS Health.
Investing.com -- Stocks wobbled after the Federal Reserve kept interest rates steady as expected but signaled another rate increase might be coming as it continues to work on getting inflation back to its 2% target rate.
PHILADELPHIA, September 15, 2023--Following FDA authorization and CDC recommendation, Rite Aid (NYSE: RAD) today announced that scheduling is now available for eligible customers seeking the updated COVID-19 (2023-2024) vaccines at its locations and at Bartell Drugs locations in the Pacific Northwest. Appointments are available beginning on Friday, September 22.