Rite Aid chain reportedly could sell up to 500 stores in bankruptcy plan

According to reports, Rite Aid chain is considering filing for bankruptcy and selling up to 500 stores as part of a restructuring plan. It is unclear which stores would be sold, and at what price. The company has not yet filed for bankruptcy, although it has reportedly been in discussions with its largest creditors about restructuring its debt. It is not clear at this point what the proceeds from a potential store sale will be used for.