Rite Aid Corporation Stock News

Rite Aid has announced a leadership transition as it emerges from Chapter 11 bankruptcy. Jeffrey S.

Rite Aid has selected long-time company executive Matt Schroeder as the company's new chief executive officer as the company exits federal bankruptcy protection.

Rite Aid said the proceedings would involve continued store footprint optimization.

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.

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.”

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 Hol...

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.

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.