Rite Aid has recently made headlines due to its settlement with the FTC over the misuse of facial recognition technology, resulting in a five-year ban on its use. Additionally, the company filed for bankruptcy and announced the closure of 154 stores across more than 10 states. These developments have brought attention to the challenges facing the drugstore chain.
Rite Aid Corporation is a prominent drugstore chain in the United States, ranking No. 94 in the 2018 Fortune 500 list of the largest U.S. corporations by total revenue. Headquartered in Camp Hill, Pennsylvania, near Harrisburg, Rite Aid has a significant presence in the retail pharmacy sector. The company has faced financial difficulties in recent years, leading to the bankruptcy filing and store closures. Despite these challenges, Rite Aid continues to serve customers in various communities across the country.