
Rite Aid is again seeking bankruptcy protection as the struggling drugstore chain says it will try to sell substantially all of its assets. The company said Monday that its stores will remain open as it starts Chapter 11 bankruptcy proceedings. Major drugstore chains and independent pharmacies have been closing stores and struggling with several challenges. Rite Aid initially filed for bankruptcy protection in October 2023, with plans to sell parts of its business and restructure. Rite Aid said then the voluntary Chapter 11 reorganization would help slash debt and resolve litigation.