Large writedown almost doubles Rite Aid 4Q loss

After Rite Aid Corp.'s loss doubled in the fiscal fourth quarter, the drugstore operator is planning to shut down as many as 117 stores over the next year as it tries to cut costs.

[ugh]

Rite Aid is the worst pharmacy anyway.. good riddance.. two hours for a RX is just rediculous

[Just a Thought]

Hey...didn't they file bankruptcy in the past????
AND...they keep building/opening new stores, but NOW they are going to close 117 stores?????
What a pile of crap!!!!!
I, and my family/friends, will NOT patronize their stores.

[Living In Margaritaville]

Just a Thought wrote:

Hey...didn't they file bankruptcy in the past????
AND...they keep building/opening new stores, but NOW they are going to close 117 stores?????
What a pile of crap!!!!!
I, and my family/friends, will NOT patronize their stores.

Reminds you of the Postal Service who is $2 Billion dollars in the hole this past year and looking for another hand out?? But through all that they just keep buying and building.......... talking about a scam?

[SUNshine]

Rite aid has to go. they are just bunch of idiots

[Sammit]

Isn't this the business that the CEO was raiding the coffers and living in Boca Raton?????