Overcast 46°
Tag:

289 Greenwood Ave. Bethel, CT

Business
Rite Aid Will Close Fairfield County Store After Filing For Bankruptcy Rite Aid Will Close Fairfield County Store After Filing For Bankruptcy
Rite Aid Will Close Fairfield County Store After Filing For Bankruptcy Rite Aid, the pharmacy giant that filed for bankruptcy on Sunday, Oct. 15, plans to close 154 underperforming stores nationwide, according to a new filing. Some of those closures will be in Massachusetts and Connecticut.  Related: Why Is Rite Aid Filing For Bankruptcy? Rite Aid announced earlier this week that declining sales and rising debt forced the company's hand in filing for Chapter 11 bankruptcy. The chain has more than 2,100 stores nationwide, and reducing rent costs will play a large part in bringing its balance sheet back into the black.  The only store in Massachusetts…

SHARE

by Josh Lanier