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> I have two pharmacies in my town, but they're both owned by RiteAid which can't keep inventory on the shelves. Rite Aid filed chapter 11 bankruptcy almost 2
by metaphor 2y ago
> I have two pharmacies in my town, but they're both owned by RiteAid which can't keep inventory on the shelves.
Rite Aid filed chapter 11 bankruptcy almost 2 years ago.
- cowsandmilk 2y agoSure, but the point of Chapter 11 is to restructure so you can hopefully get back to operating profitably.
- metaphor 2y agoYes, keyword hopefully...over some indeterminate time horizon...but surely not a mere 6 months after emergence from a legal proceeding that took a year to resolve. Commodified OTCs are hardly raking in compelling margins relative to filling scripts, so it's unsurprising that some Rite Aids are operating as the parent reports.