Rite Aid chain reportedly could sell up to 500 stores in bankruptcy plan
According to various news reports, it is possible that the Rite Aid chain could be selling up to 500 stores in a potential bankruptcy reorganization plan. The chain has been struggling financially over the past few years and it is thought that selling off stores could be the best way to return it to profitability. The company has not officially declared bankruptcy yet, but the speculation is growing as the chain’s financial health has continued to decline.