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> Rite Aid files for bankruptcy amid opioid-related lawsuits and falling sales They just paid $30M. I’d hardly call it worthy of being mentioned. The big issue
by darth_avocado 3y ago
> Rite Aid files for bankruptcy amid opioid-related lawsuits and falling sales
They just paid $30M. I’d hardly call it worthy of being mentioned. The big issue is their profitability. They over extended and now are pulling back like Wallgreens and the others. And using bankruptcy to restructure any liabilities from the opioid epidemic lawsuits.
- dylan604 3y agoNever let a good bogeyman go to waste when it's just right there for taking all the blame (at least a good portion of it). All of these people will need new jobs. Do you think "opioid lawsuits" or "business incompetence" will help these fine folks find their next positions?
- eru 3y agoLow US unemployment rate of 3.8% will help.
- 3seashells 3y agoOne can track previous employment now on linked in etc. I wouldn't hire someone who worked at Purdue and the likes. Then again, I heard the cartels are always hiring..
- nerdponx 3y agoIs CVS doing something different from the others? They seem to be everywhere.
- yuliyp 3y ago$30M for a company whose income and loss is generally in the tens or hundreds of millions per quarter is significant.