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Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits
Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits One of the country’s largest pharmacy chains has just filed for bankruptcy. The move by Rite Aid comes amid declining sales and a rise in debt, which hit $3.3 billion, according to midyear filings.  The company said in an announcement on Sunday, Oct. 15 that in connection with the filing, it has received a commitment for $3.45 billion in new financing from some of its lenders.  "This financing is expected to provide sufficient liquidity to support the company throughout this process," Rite Aid said. Rite Aid is one of a number of drugstore chains facing litigation related to the…

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by Joe Lombardi
Business
Massive Recall Issued For Brand Of Candy Linked To Death Of Girl Massive Recall Issued For Brand Of Candy Linked To Death Of Girl
Massive Recall Issued For Brand Of Candy Linked To Death Of Girl A massive recall has been issued for a brand of candy linked to the death of a girl. About 145,800 Cocco Candy Rolling Candy in various flavors are subject to the recall, the US Consumer Product Safety Commission (CPSC) said, noting the candy’s rolling ball can dislodge and become trapped in a child’s throat, posing a fatal choking risk. CPSC said it has received one report of a 7-year-old girl who choked and died after the candy’s rolling ball dislodged and became trapped in her throat in New York in April 2023. The girl's precise place of residence in New York has not been released. Cons…

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by Joe Lombardi
Business
Southington Store To Close To General Public After Nearly 20 Years: 'Difficult Decision' Southington Store To Close To General Public After Nearly 20 Years: 'Difficult Decision'
Southington Store To Close To General Public After Nearly 20 Years: 'Difficult Decision' A Connecticut business that has sold annuals, perennials, shrubs, trees, and more for nearly two decades will soon be changing its business model in order to adapt to changes in the industry. Winterberry Gardens, located in the Hartford County town of Southington at 2070 West St., will be closing its garden center to the general public after Friday, Nov. 3, the owners announced. The owners said the decision was made in order to "adapt to the evolving needs of our clientele and the ever-changing industry climate."  The business will now instead focus on landscape maintenance,…

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by Ben Crnic
Business
Recall Issued For Multivitamin Brand Because Of Improper Packaging Recall Issued For Multivitamin Brand Because Of Improper Packaging
Recall Issued For Multivitamin Brand Because Of Improper Packaging A recall has been issued for a popular brand of multivitamins. Nutraceutical Corporation announced the recall for 85,300 units of its Solaray Liposomal Multivitamins because the packaging is not child-resistant, posing a risk of poisoning if the contents are swallowed by young children. The recalled supplements contain iron, which must be in child-resistant packaging, as required by the Poison Prevention Packaging Act (PPPA), the Consumer Product Safety Commission (CPSC) said.  This recall involves: Solaray Universal Multivitamin in 60 and 120 counts, Solaray Liposomal Women's …

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by Joe Lombardi
Business
BJ's To Pay $9M For Not Reporting Air Conditioner Defect Linked To Death Of Mom, Feds Say BJ's To Pay $9M For Not Reporting Air Conditioner Defect Linked To Death Of Mom, Feds Say
BJ's To Pay $9M For Not Reporting Air Conditioner Defect Linked To Death Of Mom, Feds Say BJ's Wholesale Club has agreed to pay $9 million in penalties for failing to immediately report a known defect with an air conditioner it sold linked to the death of a mother after a house fire. The move by the Massachusetts-based company, located in Marlborough in Middlesex County, resolves its charges by the US. Consumer Product Safety Commission (CPSC). The CPSC said BJ’s knowingly failed to immediately report to it, as required by law, that portable air conditioners manufactured by Royal Sovereign International, Inc. and sold by BJ’s, contained a defect that could create a substantial p…

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by Joe Lombardi
Business
HomeGoods Announces Opening Date Of Shelton Store HomeGoods Announces Opening Date Of Shelton Store
HomeGoods Announces Opening Date Of Shelton Store Pillows and more pillows and plenty of great design items will be available at the new HomeGoods store in Fairfield County in just a few weeks. Store officials confirmed on Friday, Oct. 6 the new store in Shelton will open on Thursday, Oct. 26. Arielle Abramek, a spokesperson for the company, said the HomeGoods store located at 100 Hawley Lane, in Trumbull,  will relocate to 862 Bridgeport Ave., in Shelton. "We are grateful for the patronage of our HomeGoods customers in Trumbull and believe they will continue to find great value at our new store," Abramek said.  The new store t…

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by Kathy Reakes
Business
New Haven Theater To Close After Almost 20 Years: 'Business Is No Longer Viable,' Owners Say New Haven Theater To Close After Almost 20 Years: 'Business Is No Longer Viable,' Owners Say
New Haven Theater To Close After Almost 20 Years: 'Business Is No Longer Viable,' Owners Say A Connecticut movie theater that has entertained residents for almost two decades has announced that it will soon be closing as a result of declining business.  Bow Tie Criterion Cinemas, which opened in 2004 and is located in New Haven at 80 Temple St., will be permanently closing after its evening shows on Thursday, Oct. 12, owner Bow Tie Partners announced.  The real estate company attributed declining business following the COVID-19 pandemic as the reason for the closure.  "Unfortunately, the COVID-19 pandemic caused dramatic changes to the movie theater business in…

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by Ben Crnic
Business
This CT Locale Has Best Downtown Shopping District In CT, New Rankings Say This CT Locale Has Best Downtown Shopping District In CT, New Rankings Say
This CT Locale Has Best Downtown Shopping District In CT, New Rankings Say A new ranking says one Connecticut as the absolute best place for a shopping spree in the state. Online news site Cheapism.com dubbed Fairfield County’s own Ridgefield as the state's best place to shop its “Best 'Main Street' Shopping Districts in All 50 States” ranking. In an attempt to stray away from big box stores in favor of mom-and-pop shops, the list gathers the most quaint shopping districts from towns with fewer than 90,000 residents. Ridgefield’s Main Street and Danbury Road are named by Cheapism.com as the places to check out for not only the shops and boutiques they house bu…

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by Sophie Grieser
Business
Popular New Haven Pizzeria Opens New Location Months After Fire: 'We Couldn't Be More Grateful' Popular New Haven Pizzeria Opens New Location Months After Fire: 'We Couldn't Be More Grateful'
Popular New Haven Pizzeria Opens New Location Months After Fire: 'We Couldn't Be More Grateful' A Connecticut pizzeria that had been a neighborhood mainstay for over three decades has opened a new location months after a fire that severely damaged the original building.  Abate Apizza & Seafood Restaurant, once located in New Haven, opened its new location in North Haven at 61 State St. on Thursday, Sept. 21.  The reopening follows a blaze in the eatery's original location at 129 Wooster St. in New Haven on Thursday, May 11 that left the building and owner Louis Abate's attached apartment heavily damaged.  Months after the fire though, Abate managed to rebuild and continue his pa…

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by Ben Crnic
Business
Target To Close Stores In 4 States, Citing Theft, Organized Retail Crime Target To Close Stores In 4 States, Citing Theft, Organized Retail Crime
Target To Close Stores In 4 States, Citing Theft, Organized Retail Crime Citing incidents involving violence and theft, Target announced it is closing nine stores in four states, including one in New York. The New York store is in Manhattan, at 517 E 117th St. Three other stores are in California, in the San Francisco/Oakland market, and three in Oregon, in Portland. The other two stores are in Seattle, Washington. "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," the company said in a statement released Tuesday afternoo…

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by Joe Lombardi
Business
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid Plans To Close 400-Plus Stores, Report Says
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid will close 400 to 500 stores as part of a Chapter 11 bankruptcy reorganization, according to a new report. The drugstore chain is now negotiating with creditors to formulate a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, The Wall Street Journal says. Rite Aid is facing over $3 billion in debt and more than a thousand federal lawsuits alleging it oversupplied opioids, the report said. Founded 61 years ago in Scranton, Pennsylvania, Rite Aid moved its headquarters to Philadelphia in 2022. Click here to read the complet…

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by Joe Lombardi
Business
New Ice Cream Recall Issued Due To Listeria Fears New Ice Cream Recall Issued Due To Listeria Fears
New Ice Cream Recall Issued Due To Listeria Fears A new ice cream recall has been issued because of Listeria concerns. The Life Raft Treats products were shipped by GoldBelly.com to 40 states, including New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, Maryland, and Virginia. The recall covered these products: "Not Fried Chicken" - 64-ounce bucket (No UPC) and 2.5 oz. bar (UPC 8 60006 18210 6) "Life is Peachy"- 6-count box (No UPC) To view product packaging photos from the Food and Drug Administration (FDA), click here and scroll down. The company was notified last week by the South Carolina Department of Health and …

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by Joe Lombardi