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Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation.

Dollar General brings back Todd Vasos as CEO

Dollar General brings back Todd Vasos as CEO

In a major shakeup, Dollar General Corp. announced the reappointment of Todd Vasos as chief executive officer, effective immediately. The move, which comes less than a year after Vasos retired, signals the company’s intention to reorient itself and chart a new strategic course.

WBA’s Q4 earnings fall short of expectations

WBA’s Q4 earnings fall short of expectations

DEERFIELD, Ill. –  Walgreens Boots Alliance Inc. reported fourth quarter adjusted earnings of 67 cents per share, down 17% from a year earlier and one cent shy of analysts’ forecast. Fourth quarter revenue of $35.42 topped Wall Street’s estimate of $34.56 billion.

Rite Aid faces delisting from NYSE

Rite Aid faces delisting from NYSE

PHILADELPHIA – Rite Aid Corp. announced Thursday that the New York Stock Exchange informed the company that it is no longer in compliance with NYSE continued listing standards set forth in Section 802.01B (the Minimum Market Capitalization Standard), and Section 802.