The company will operate independently as a wholly-owned subsidiary of the acquiring firm.

After announcing that it would be entering bankruptcy, Rite Aid is now slated to begin a process of auctioning off stores.

Rite Aid also notified New Jersey's labor department that store closures in the state will result in 1,112 layoffs.

Related: Iconic pizza chain closes after 50 years, no bankruptcy filing In many cases of pharmacy like CVS or Walgreens stood ...

If you have prescriptions at Rite Aid, you could see a big change coming due to another bankruptcy filing from the company.

"As a result of widespread store closures, nearly three-quarters of JOANN shoppers plan to shift their spending to other ...

Rite Aid is selling leases in preparation of closing more than 20 locations in Maryland as the struggling chain seeks ...

That said, City of Yes rezoning changes have cleared the way for new “experiential” uses in commercial and other districts, ...

The Rite Aid closings could create pharmacy deserts in small communities like Eden and Silver Creek, which would be without a ...

Bartell Drugs customers are mourning what could be the end of the beloved local pharmacy. Its parent company, Rite Aid, plans ...

Rite Aid is telling its vendors that it “has generally stopped purchasing goods and services.” In a letter to Rite Aid ...

Store closures are being implemented in waves, with some locations closing immediately and others expected to cease operations over the next several months.