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Rite Aid Closes Stores Amid Bankruptcy
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Rite Aid has been closing stores as part of its bankruptcy filing for Chapter 11 protection, with over 200 store closures and plans for more. The company aims to reduce rent expenses and improve financial performance.
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How does Rite Aid's financial restructuring reflect broader trends in the retail industry?
How might Rite Aid's store closures impact the local communities where the stores are located?
What strategies could Rite Aid employ to mitigate the negative effects of store closures on its customers?
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