How Does Rite Aid Survive?
Rite Aid has had a hard time competing with growing retail giants. Those giants include Walmart (WMT), Kroger (KR), Walgreens Boots-Alliance (NASDAQ: WBA), and CVS Health Group (NYSE: CVS).
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Rite Aid has had a hard time competing with growing retail giants. Those giants include Walmart (WMT), Kroger (KR), Walgreens Boots-Alliance (NASDAQ: WBA), and CVS Health Group (NYSE: CVS).
Read MoreEven if Walgreen is forced to sell or close up to 1,000 Rite Aid locations to comply with U.S. antitrust laws, it would still operate around 16,355 stores worldwide and 11,773 locations in the USA. Note that some analysts think that Walgreen might end up closing as many as 3,000 stores, according to Fortune.
Read More