Retail News
Rite Aid to close 145 stores in cost-cutting move
Forbes 04/15/2022Rite Aid plans to close 145 “unprofitable stores” as it seeks to bring its cost in line with revenues. The drugstore chain reported a loss of $7.18 per share even as sales improved 2.5 percent on a year-over-year basis. The retailer operates more than 2,400 stores across 17 states.
Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!