I decided to venture into a Rite Aid today since they’re running a $10BC/30 Q this week and I could break even on some deals.
The shelves continue to be barren, the ONLY toothpaste on the shelves for the most part were Sensodyne.
I asked a long time manager at the store about the lack of stock, she told me it really take months to climb out of Chapter 11, and they don’t expect the store to be fully stocked again until after the 1st of the year.
On a more depressing note, per this manager, they won’t be getting in much stock for Christmas (their Halloween stock is pretty dismal compared to prior years). That translates to a very crappy Black Friday sale season.
I have $20 Bonus cash from today, (paid $20 oop, also got $4 IBOTTA, so it was a $4mm) Have 30 days to spend it, hopefully can monetize most of it via IBOTTA or other rebates.
But I fear it will be a Bah Humbug holiday season as far as RA goes, with coal in our stockings. Sorry the news isn’t better. But at least we know.