Now May 21: Day of Reckoning for Rite Aid
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I can’t guarantee this news, but from a reliable person.
Rite Aid Co. heads to bankruptcy court on April 22nd, at that time a decision will be made if the chain can continue with its reorganization/downsize or be forced to liquidate the entire chain at a specified date.
Also received word today that my favorite RA (that’s left) will be closing in late May or mid June (conflicting dates) But it will be closing.
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@mistercheap which city/state?
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@q-shopper said in April 22nd: Day of Reckoning for Rite Aid (per employee):
@mistercheap which city/state?
I’ll share when appropriate, don’t want to get people I’m friendly with in trouble. Should be able to post with a week. thanks.
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@mistercheap I asked because of some odd behaviour at our local store.
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@q-shopper said in April 22nd: Day of Reckoning for Rite Aid (per employee):
@mistercheap I asked because of some odd behaviour at our local store.
Understand, I can tell you the closure is in the state of PA.
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@mistercheap thanks, not my State.
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Well, today is the day of reckoning according to zMC’s employee informant. If anyone hears any news or updates, please share.
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@mrvietnam said in April 22nd: Day of Reckoning for Rite Aid (per employee):
Well, today is the day of reckoning according to zMC’s employee informant. If anyone hears any news or updates, please share.
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Monday, April 22, 2024
Please be advised that the Combined Hearing to consider the adequacy of the Disclosure Statement Relating to the Second Amended Joint Chapter 11 Plan of Reorganization [Docket No. 2512] and confirmation of the Second Amended Joint Chapter 11 Plan of Reorganization [Docket No. 2511] is ADJOURNED and will not be going forward on Monday, April 22, 2024. Please see the Notice of Adjournment of the Combined Hearing filed at Docket No. 2925 for more information.
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I wonder what the new Day of Reckoning will be?
From what I gather, it has not yet been determined. Makes you wonder why the hearing was adjourned and did not go forward today.
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@mrvietnam pretty sure I read that it is May 21st.
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im finding better clearance (75%) at stores that are still open, compared to the ones that are going out of business (10-20%)
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At least we should get our BCC money payable around 5/5.
