Newsroom | RapidRatings

News

October 16, 2023

Rite Aid files for Chapter 11 bankruptcy, names new CEO

The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.

News

October 5, 2023

Rite Aid faces NYSE delisting

News of the company’s possible removal from the New York Stock Exchange follows talks of a possible bankruptcy filing.

News

September 26, 2023

Bankruptcy watch: Essential retailer may close 500 stores

The chain has been talking to creditors and weighing its options but store closures and Chapter 11 are on the table, according to a major report.

News

September 25, 2023

Rite Aid could close hundreds of stores in possible bankruptcy: WSJ

The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported.

News

September 22, 2023

UAW strike set to hit deep into the industry's supply base

Jeffrey Aznavorian has already cut output about 6% at his small auto parts factory outside Detroit due to the United Auto Workers strike. But he is bracing for it to get worse. Much worse.

News

September 18, 2023

Private auto suppliers see secondary consequences of UAW strike, says RapidRatings CEO Gellert

RapidRatings CEO James Gellert joins ‘The Exchange’ to discuss risks the UAW strike poses to the auto supply chain, the shift in auto production spawned by EV, and the impact the rising cost of cars.

News

September 17, 2023

Bankruptcy watch: Another beloved retailer may disappear

People build an emotional connection to stores when a retailer's offerings intersect with their hobbies.

News

August 18, 2023

Retail roundup: Inflation, AI, bankruptcies, crime, and more

It’s been a wild year in the retail space. Inflation is forcing shoppers to spend more cautiously. Organized crime and bankruptcies are casting a shadow over the entire sector.

News

August 16, 2023

These two big-name retailers face a huge bankruptcy risk

It has been an awful year for a number of retailers, and more of your favorite brands might be in their final days.

News

August 14, 2023

Consumer worries: Why the second half of the year could be rough for retailers

Between inflation, supply chain issues, and concerns about consumer spending, there has been a lot for retailers to contend with.