All articles tagged with #pharmacy industry
Originally Published 3 months ago — by OregonLive.com
Rite Aid has officially closed all its pharmacies after months of gradual closures, marking the end of its presence in the pharmacy retail industry.
Originally Published 7 months ago — by Daily Mail
Rite Aid, operating 1,200 stores across 15 states, is filing for bankruptcy for the second time in less than two years and plans to close over 100 stores, mainly in California and New York, due to financial struggles and increased competition from online and big-box pharmacies. This has raised concerns about pharmacy deserts and prescription access, with CVS and Walgreens acquiring some Rite Aid stores' prescription files to facilitate customer transition. The broader pharmacy industry faces headwinds from online competitors and changing consumer habits, with Rite Aid being particularly hard-hit after accumulating significant debt and facing lawsuits over opioid overprescribing.
Originally Published 2 years ago — by USA TODAY
Pharmacists and pharmacy technicians from multiple retail chains, including CVS, Rite Aid, and Walgreens, have launched a three-day walkout called "Pharmageddon" to protest deteriorating working conditions. The movement, estimated to have drawn around 4,500 participants, aims to draw attention to the lack of staff and resources, which jeopardizes patient safety. The walkout is the latest in a series of protests impacting the industry, with previous closures of CVS and Walgreens pharmacies. While the companies claim minimal disruptions, participants argue that understaffing and increased workload have led to medication errors and burnout. The walkout organizers seek improved staffing levels and pay for pharmacy technicians, as well as safer working environments.