Rite Aid

Ticker: RAD

Sector: Food & Staples Retailing

Rite Aid

Rite Aid is shopping around nearly 200 properties — about 10% of its portfolio. Many of the spaces are available for sublease, according to a May 2023 real estate surplus list obtained by The Messenger. A few are properties owned by Rite Aid and looking to be leased to other retailers. Rite Aid Seeking Asset-Based Loan to Fund Itself in Bankruptcy. Rite Aid seeking asset-based loan to fund itself in bankruptcy. Rite Aids stock price has been below $1 for 30 trading days in a row. Rite aid has about six months to turn things around. The number of Rite Aid stores in the United States decreased with time, going from 4,667 in 2012 to 2,309 as of 2023. Pennsylvania is the state with the highest number of store in the country. Rite Aids gross profit also decreased that year, reaching a value of nearly five billion dollars. Philadelphia-based Rite Aid Corporation has been dealing with serious financial issues and has been discussing a potential bankruptcy plan with its creditors. The Wall Street Journal reported Rite Aid was considering closing up to 500 stores with an eye toward selling them or allowing creditors to take over the operations. Walgreens acquired about 1,900 Rite Aid stores. There is no upcoming split for Rite Aid. Rite Aid is in the Consumer Staples sector and Food & Staples Retailing industry. Other companies in Rite Aid s space includes: 111 ( NASDAQ : YI ) Mangoceuticals ( NASdaq : MGRX ) , Walgreens Boots Alliance ( NASDA : WBA ) and China Jo-Jo Drugstores (NASDA) Zedae Schranfer Lead Know Swift weddOverall realization678775Instance provinceones Sana ISP Moon Township Rite Aid scheduled to close its doors on Oct. 18. The Moon Township location will permanently close its. doors on October 31. According to Rite Aids seasonal sales data* shoppers are buying their Halloween candy later than ever! The drug store chain revealed that Americans are in fact candy procrastinators, with Halloween Eve being the day most people prepared for upcoming trick-or-treaters. Rumors suggest Rite Aid may close up to 500 stores in the coming years on top of the already significant rightsizing that Rite Aid has undergone in recent years. The company commands a more significant presence in Rite Aids largest markets – Pennsylvania, New York, California and Ohio. Rite Aid Corp (RAD) stock is unmoved 0% while the S&P 500 has risen 0.41% as of 4:00 PM on Tuesday, Oct 10. RiteAid (NYSE: RAD) will offer a Family Immunization Day at select stores providing families a convenient opportunity to walk in and get the vaccinations they need to protect themselves against the flu.