Rite Aid has announced that it is set to close 115 stores as part of the Chapter 11 bankruptcy proceedings it began earlier this month. The company published a slate of 47 closing stores in an initial filing in the U.

Why is Rite Aid Closing All Stores? Rite Aid's closures stem from a combination of factors, primarily its debt burden and legal liabilities. The company has been entangled in hund

More than 100 Rite Aid pharmacies nationwide — including 12 in Oregon — are on the chopping block. The Philadelphia-based pharmacy and retail chain is back in bankruptcy and hoping to sell many of its stores and other assets. >> Business opening or closing in your neighborhood? Email the reporter at [email protected].