Rite Aid’s previous restructuring reduced the U.S. pharmacy chain’s debt but failed to address its long-term business challenges of inflationary pressures and increased competition by pharmacy chains Walgreens, CVS, Walmart and Amazon.
https://www.foxbusiness.com/economy/rite-aid-files-bankruptcy-second-time-less-than-2-years
Turned out to be Wrong Aid, unfortunately.
The terrible, searing dominance* of WalMart and Amazon is hard to fight, in the pharmacy turf.
Even CVS and Walgreen have problems now.
*(Phrase from Foundation and Chaos)