Watch Rite Aid Files for Chapter 11 Bankruptcy, Names New CEO News Video

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“Rite Aid, the third-largest U.S. drugstore chain, filed for Chapter 11 bankruptcy protection Sunday, and it’s likely the company will close a big chunk of its 2,000 stores.

“One result is that people will have fewer options for where they fill their prescriptions. That has been the trend in drugstores lately, and it looks like they’ll dwindle further.”

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