Rite Aid Corp

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Rite Aid is a drugstore chain that offers prescription medications, over-the-counter drugs, and health and wellness products. Rite Aid is reshaping the concept of a modern pharmacy by catering to customer demands through various convenient channels, including retail and delivery pharmacy services. Additionally, the company's offerings extend to services provided by its wholly-owned subsidiaries, namely Elixir, Bartell Drugs, and Health Dialog. Elixir, Rite Aid’s pharmacy benefits and services company, encompasses accredited mail and specialty pharmacies, prescription discount programs, and an advanced adjudication platform. These components combine to provide exceptional member experiences and substantial cost savings. Furthermore, Health Dialog delivers healthcare coaching and disease management services through interactive live online sessions and phone-based health services.

The Federal Trade Commission announced Tuesday that, as part of a proposed settlement, it is banning convenience store chain Rite Aid from using facial recognition technology for surveillance purposes for five years after Rite Aid allegedly failed to “prevent harm to consumers” and have “reasonable procedures” in place tied to a facial recognition program it was using to detect shoplifters.

Rite Aid Banned From Using AI Facial Recognition Technology For 5 Years After False Shoplifting Match Allegations

NEW YORK, Dec 19 (Reuters) - Pharmacy chain Rite Aid received court approval on Tuesday for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing to enter mediation with committees representing junior creditors and people who have accused the company of contributing to the U.S. opioid epidemic.

US pharmacy chain Rite Aid agrees to bankruptcy mediation, gets loan approval

The FTC alleges that from 2012 until 2020, Rite Aid scanned the faces of shoppers across hundreds of locations to identify suspected thieves.

FTC bans Rite Aid from using facial recognition surveillance for five years

Rite Aid Corp. RADCQ, -0.31% said Tuesday it has reached a settlement with the Federal Trade Commission after the agency alleged the retail chain falsely tagged consumers, particularly women and people of color, as shoplifters. Rite Aid will be banned from using facial-recognition technology for surveillance for five years as part of the settlement.

Rite Aid prohibited from using facial-recognition technology as part of FTC settlement

The Federal Trade Commission said Rite Aid will be "prohibited from using facial recognition technology for surveillance purposes for five years" as part of a settlement of charges that the retailer failed to deploy such technology without “reasonable safeguards.”

FTC Bans Rite Aid From Using AI Facial Recognition Technology In Settlement

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced it has reached a comprehensive settlement agreement with the U.S. Federal Trade Commission (“FTC”) regarding the Company's historical use of facial recognition technology to prevent retail theft and issues relating to the Company's compliance with a 2010 Commission Order. The Company issued the following statement: “We are pleased to reach an agreement with the FTC and put this matter.

Rite Aid Reaches Settlement with FTC

Rite Aid

PHILADELPHIA--(BUSINESS WIRE)--There's no denying the holidays are an unforgettable time of year with so many seasonal staples like family gatherings, gift exchanges, recipe traditions, and even the less joyful element of stress. As celebrations take place throughout the coming weeks, Rite Aid is offering a one-stop-shop solution for cherishable memory-making that keeps the “happy” in Happy Holidays. Acquaintance Gift Guide Buying gifts for others can be a difficult and draining task. Pair it w.

Rite Aid's Holly, Jolly Holiday How To's

The stores, listed in a recent bankruptcy filing, are largely concentrated on the West Coast, Northeast, Pacific Northwest, and Midwest regions. Back in October, Rite Aid announced it would be closing at least 150 stores due to its bankruptcy.

Bankrupt Rite Aid is closing another 31 stores: Full list and map of doomed locations

PHILADELPHIA--(BUSINESS WIRE)--It's the season to spread holiday cheer – not the flu. Throughout December, Rite Aid (OTC: RADCQ) will offer Flu Shot Fridays at select locations, providing a convenient opportunity for families to walk in or schedule appointments for the vaccinations they need to help protect themselves against the flu, COVID-19, RSV and other viruses. Rite Aid's upcoming Flu Shot Fridays allows families to conveniently receive routine vaccinations ahead of the holiday season. Cu.

Rite Aid Helps Customers Prioritize Immunity During Busy Holiday Season with Flu Shot Fridays

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) today announced that customers in California, Maryland, New Hampshire, Nevada and Oregon can now receive prescribed hormonal contraceptives by their local Rite Aid pharmacist at most store locations after completing an in-person private consultation. Pharmacists in these states have gained the authority to prescribe hormonal contraceptives depending on each state's laws and regulations. “As trusted healthcare advisors, pharmacists.

Rite Aid Pharmacists Now Have Prescriptive Authority for Hormonal Contraceptives in Five States

SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Rite Aid Securities Litigation: UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF PENNSYLVANIA DOUGLAS S. CHABOT, et al., Individually and on Behalf of All Others Similarly Situated,   Civ. Action No. 1:18-cv-02118-JPW       Plaintiffs,   CLASS ACTION     vs.       WALGREENS BOOTS ALLIANCE, INC., et al.,     Defendants.   SUMMARY NOTICE IF YOU PURCHASED OR ACQUIRED RITE AID CO.

Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Rite Aid Securities Litigation

Rite Aid sued the U.S. Department of Justice on Thursday, seeking to stop a lawsuit alleging that the bankrupt pharmacy chain ignored red flags and illegally filled hundreds of thousands of prescriptions for addictive opioid medication.

Bankrupt Rite Aid sues US Justice Dept to stop opioid lawsuit

Executives in any business can learn from the pharmacy giant's collapse.

What Leaders Can Learn From Rite Aid's Bankruptcy

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (OTC: RADCQ) is proud to recognize the service and sacrifice of all veterans and active military personnel this Veterans' Day by offering a “Veteran Appreciation Days” promotion. From Nov. 10-12, customers with a valid military ID or proof of service are eligible for 15% off regular-priced items* at any Rite Aid store location. Rite Aid customers must be members of the Rite Aid Rewards program, and enrollment is available in-store or online. “Veterans' Da.

Rite Aid to Honor Military Service Members with Veteran Appreciation Discount

PHILADELPHIA--(BUSINESS WIRE)--With fall routines and busy schedules in full swing, it can be tough to focus on your health. Rite Aid (OTC: RADCQ) makes it easy to keep your health a priority by offering an After Work Wednesday clinic at select stores, providing families a convenient opportunity to walk in and get the immunizations they need to protect themselves against the flu, COVID-19, RSV, and other viruses. Rite Aid's upcoming After Work Wednesday event offers families the flexibility of.

Rite Aid to Offer After Work Wednesday Walk-In Clinic

CVS Health

Walgreens

Workers at pharmacy companies CVS (NYSE: CVS ), Walgreens (NASDAQ: WBA ) and RiteAid (OTCMKTS: RADCQ ) have staged a strike that has them walking out on the businesses for three days to highlight working conditions The strikes at CVS, Walgreens and RiteAid are focused on unsafe working conditions. Employees of these companies are focusing on how understaffed locations are, requiring a daunting amount of work for the company's workers.

Strike Alert 2023: Workers at CVS, Walgreens, Rite Aid Walk Out

These pharmacy retailers have a lot in common, as both have struggled to stay out of the red. Walgreens remains unprofitable, but it is making efforts to reduce even more costs.

Rite Aid Files for Bankruptcy: Is Walgreens Boots Alliance Headed for the Same Fate?

So far this year, companies filing for bankruptcy are twice that of 2022, and a hair short of pandemic 2020. The biggest group of filers: consumer-discretionary companies, like Rite Aid.

Rite Aid Rides a Hot 2023 Trend: Going Bankrupt

The search for the next meme stock has taken a bizarre twist. Retail investors are known for attempting to save the failing companies that Wall Street bets against.

Make Rite Aid a Meme Stock at Your Own Risk

Walgreens Boots Alliance Inc (NASDAQ:WBA) has agreed to pay $192.5 million to settle a class action lawsuit brought on by Rite Aid (NYSE:RAD) investors, according to a deal filed in Pennsylvania federal court on Wednesday. The deal is subject to approval by District Judge Jennifer Wilson.

Walgreens pays $192.5M to settle Rite Aid investors' lawsuit

Walgreens Boots Alliance has agreed to pay $192.5 million to settle a class action lawsuit by investors in Rite Aid who accused Walgreens of misleading them in 2017 about scrutiny of the two drugstore chain operators' then-pending merger.

Walgreens to settle Rite Aid investors' merger claims for $192 million

Rite Aid, which just moved into Chapter 11, will close 150 stores. It has 2,300 in 17 states, so the number is likely to rise.

A List of 150 Stores Rite Aid Is Closing

Rite Aid is shuttering over 150 stores as it seeks to restructure their business following years of legal issues tied to the opioid crisis and sagging sales.

Rite Aid closing 154 stores in 15 states: Here's the list

Rite Aid plans to shutter 154 stores, many of them in Pennsylvania and California, as part of its bankruptcy plans, according to an initial list of those closures published in court documents filed on Tuesday. That list was released after the drugstore chain filed for chapter 11 bankruptcy protection in New Jersey over the weekend, amid billions in debt related to opioid lawsuits.

Rite Aid is closing 154 stores as part of bankruptcy

Rite Aid warned investors it may not be able to keep its business running.

News for Rite Aid Corp Stock (RADCQ)