4.6 • 716 Ratings
🗓️ 23 October 2023
⏱️ 6 minutes
🧾️ Download transcript
Today is Monday, October 23, and we're looking at Rite Aid vs. CVS.
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1:07.3 | Happy Monday, one and all. |
1:08.8 | If you've ever needed to have a prescription filled or to pick up cold medicine or even an emergency chocolate bar, chances are you've been in a right-aid pharmacy at some point in your life. The chain grew from a single Pennsylvania location and had become the nation's third largest retail drugstore chain by the early 80s. Last year, the company celebrated its 60th |
1:29.5 | birthday. But even then, there were signs that all was not well at the corner drugstore. The company |
1:35.9 | had a history of management missteps and failed mergers. Like many retailers, the chain experienced |
1:41.7 | significant losses during the pandemic, which added to its |
1:45.0 | debt, now totaling more than $3 billion, according to CNN. So it may not have been a total shock |
1:51.9 | that last week the company filed for bankruptcy protection and will possibly close hundreds of |
1:57.4 | stores as it restructures. In fact, store closures have become a common theme among |
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